Chegg Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Chegg stock.
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Wall Street analysts have given Chegg a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Chegg wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Chegg is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
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Chegg, Inc. (NYSE:CHGG) posted its quarterly earnings data on Sunday, August, 8th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.06. The technology company had revenue of $198.48 million for the quarter, compared to the consensus estimate of $190.11 million. Chegg had a negative net margin of 5.75% and a positive trailing twelve-month return on equity of 12.35%. The company's revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share.
View Chegg's earnings history.

Chegg's stock was trading at $36.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CHGG stock has increased by 100.3% and is now trading at $73.59.
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Chegg updated its FY 2021 earnings guidance on Monday, September, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $805 million-$815 million, compared to the consensus revenue estimate of $797.21 million.

17 brokerages have issued 12 month price objectives for Chegg's stock. Their forecasts range from $55.00 to $125.00. On average, they expect Chegg's share price to reach $103.24 in the next twelve months. This suggests a possible upside of 40.3% from the stock's current price.
View analysts' price targets for Chegg or view top-rated stocks among Wall Street analysts.

382 employees have rated Chegg CEO Dan Rosensweig on Glassdoor.com. Dan Rosensweig has an approval rating of 91% among Chegg's employees. This puts Dan Rosensweig in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Chegg include Grand Canyon Education (LOPE), Laureate Education (LAUR), New Oriental Education & Technology Group (EDU), Graham (GHC), TAL Education Group (TAL), Afya (AFYA), Adtalem Global Education (ATGE), Strategic Education (STRA), Youdao (DAO), Stride (LRN), Hailiang Education Group (HLG), Perdoceo Education (PRDO), Arco Platform (ARCE), Gaotu Techedu (GOTU) and American Public Education (APEI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Square (SQ), Tesla (TSLA), DocuSign (DOCU), salesforce.com (CRM), PayPal (PYPL), Zoom Video Communications (ZM), Netflix (NFLX) and Teladoc Health (TDOC).

Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG."

Chegg's stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (13.10%), Vanguard Group Inc. (8.45%), Artisan Partners Limited Partnership (5.65%), Alliancebernstein L.P. (4.03%), Clearbridge Investments LLC (1.72%) and Neuberger Berman Group LLC (1.61%). Company insiders that own Chegg stock include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, John E York, John Paul Fillmore, Marne L Levine, Michael A Osier, Nathan J Schultz, Paul Leblanc, Richard Sarnoff and Robin Tomasello.
View institutional ownership trends for Chegg.

CHGG stock was sold by a variety of institutional investors in the last quarter, including Paloma Partners Management Co, Putnam Investments LLC, Nicholas Investment Partners LP, AGF Investments Inc., Sylebra Capital Ltd, Lord Abbett & CO. LLC, PEAK6 Investments LLC, and First Trust Advisors LP. Company insiders that have sold Chegg company stock in the last year include Daniel Rosensweig, Esther Lem, John E York, John Paul Fillmore, Nathan J Schultz, and Robin Tomasello.
View insider buying and selling activity for Chegg or view top insider-selling stocks.

CHGG stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Baillie Gifford & Co., Amundi, Natixis, Neuberger Berman Group LLC, Hitchwood Capital Management LP, Franklin Resources Inc., and Marshall Wace LLP.
View insider buying and selling activity for Chegg or or view top insider-buying stocks.

Shares of CHGG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHGG stock can currently be purchased for approximately $73.59.

Chegg has a market capitalization of $10.65 billion and generates $644.34 million in revenue each year. The technology company earns $-6,220,000.00 in net income (profit) each year or $0.76 on an earnings per share basis.

Chegg employs 1,941 workers across the globe.

The following companies are subsidiares of Chegg: Campus Special, Chegg India Private Limited, Chegg M.E. Ltd, Cramster Holding Corp, Cramster Inc, Good Ascent Corporation Limited, Imagine Easy Solutions, Imagine Easy Technology Solutions GmbH, InstaEDU, Internships.com, MATH 42, Mathway, RefME, StudyBlue, Thinkful, Thinkful Inc, Thinkful SPV LLC, and WriteLab.

Chegg was founded in 2005.

The official website for Chegg is www.chegg.com.

Chegg is headquartered at 3990 FREEDOM CIRCLE, SANTA CLARA CA, 95054.

Chegg's mailing address is 3990 FREEDOM CIRCLE, SANTA CLARA CA, 95054. The technology company can be reached via phone at (408) 855-5700 or via email at [email protected].