Chegg - CHGG Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CHGG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHGG, but not buy additional shares or sell existing shares.
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12 analysts have issued 1 year price objectives for Chegg's shares. Their CHGG share price forecasts range from $17.00 to $29.00. On average, they predict the company's stock price to reach $22.00 in the next year. This suggests a possible upside of 35.0% from the stock's current price.
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Chegg's stock was trading at $25.27 at the start of the year. Since then, CHGG stock has decreased by 35.5% and is now trading at $16.30.
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Chegg saw a decrease in short interest in March. As of March 15th, there was short interest totaling 13,080,000 shares, a decrease of 16.8% from the February 28th total of 15,730,000 shares. Based on an average trading volume of 2,730,000 shares, the short-interest ratio is currently 4.8 days. Approximately 10.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Chegg, Inc. (NYSE:CHGG) announced its quarterly earnings results on Monday, February, 6th. The technology company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. The technology company earned $205.19 million during the quarter, compared to analysts' expectations of $202.10 million. Chegg had a net margin of 34.77% and a trailing twelve-month return on equity of 6.41%. The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS.

ETFs with the largest weight of Chegg (NYSE:CHGG) stock in their portfolio include Global X Education ETF (EDUT), Amplify Online Retail ETF (IBUY), iShares Virtual Work and Life Multisector ETF (IWFH), WisdomTree Growth Leaders Fund (PLAT), First Trust Small Cap Growth AlphaDEX Fund (FYC), Nuveen ESG Small-Cap ETF (NUSC), Vanguard Russell 2000 Growth ETF (VTWG) and Global X Millennial Consumer ETF (MILN).

Chegg updated its first quarter 2023 earnings guidance on Monday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $184.00 million-$186.00 million, compared to the consensus revenue estimate of $199.85 million.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Block (SQ), Tesla (TSLA), DocuSign (DOCU), Salesforce (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."

Shares of CHGG stock 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 $16.30.

Chegg (NYSE:CHGG) has a market capitalization of $2.06 billion and generates $766.90 million in revenue each year. The technology company earns $266.64 million in net income (profit) each year or $1.34 on an earnings per share basis.

The company employs 1,953 workers across the globe.

Chegg's mailing address is 3990 FREEDOM CIRCLE, SANTA CLARA CA, 95054. The official website for the company is www.chegg.com. The technology company can be reached via phone at (408) 855-5700 or via email at ir@chegg.com.