Should I buy or sell Chegg stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 4 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CHGG shares. View CHGG analyst ratings or view top-rated stocks .

What is Chegg's stock price target for 2024?

9 brokerages have issued 12 month price targets for Chegg's stock. Their CHGG share price targets range from $7.00 to $18.00. On average, they anticipate the company's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 40.9% from the stock's current price. View analysts price targets for CHGG or view top-rated stocks among Wall Street analysts .

How have CHGG shares performed in 2024?

Chegg's stock was trading at $11.36 at the beginning of 2024. Since then, CHGG stock has decreased by 37.5% and is now trading at $7.0950. View the best growth stocks for 2024 here .

Are investors shorting Chegg?

Chegg saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 13,610,000 shares, a decrease of 13.2% from the March 15th total of 15,680,000 shares. Based on an average daily trading volume, of 2,710,000 shares, the short-interest ratio is presently 5.0 days. Approximately 13.7% of the company's stock are sold short. View Chegg's Short Interest .

When is Chegg's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024. View our CHGG earnings forecast .

How can I listen to Chegg's earnings call?

Chegg will be holding an earnings conference call on Monday, April 29th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745716".

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) released its quarterly earnings results on Monday, February, 5th. The technology company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The technology company had revenue of $187.99 million for the quarter, compared to the consensus estimate of $185.94 million. Chegg had a trailing twelve-month return on equity of 1.27% and a net margin of 2.54%. The firm's revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share.

What ETFs hold Chegg's stock?

ETFs with the largest weight of Chegg (NYSE:CHGG) stock in their portfolio include Global X Education ETF (EDUT) , Amplify Online Retail ETF (IBUY) , Harbor Corporate Culture Small Cap ETF (HAPS) and First Trust Small Cap Value AlphaDEX Fund (FYT) . First Trust Small Cap Core AlphaDEX Fund (FYX) .

What guidance has Chegg issued on next quarter's earnings?

Chegg updated its first quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $173.0 million-$175.0 million, compared to the consensus revenue estimate of $180.3 million.

What is Dan Rosensweig's approval rating as Chegg's CEO?

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.

What other stocks do shareholders of Chegg own?

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) .

Who are Chegg's major shareholders?

Chegg's stock is owned by a number of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.05%), Penbrook Management LLC (0.04%), Counterpoint Mutual Funds LLC (0.04%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Andrew J Brown, Daniel Rosensweig , Esther Lem, Nathan J Schultz, Paul Leblanc and Ted Schlein . View institutional ownership trends .

How do I buy shares of Chegg?

Shares of CHGG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Chegg have any subsidiaries?

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. Read More

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NYSE:CHGG

Chegg (CHGG) Stock Price, News & Analysis

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$7.09

+0.06 (+0.85%)

(As of 04/19/2024 ET)

Compare

Today's Range: $6.92
▼
$7.26
50-Day Range: $6.81
▼
$9.31
52-Week Range: $6.63
▼
$18.77

Volume: 2.23 million shs
Average Volume: 1.92 million shs
Market Capitalization: $729.92 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.00

Get Chegg alerts:

Chegg MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.70 Rating Score
Upside/Downside: 40.9% Upside
$10.00 Price Target
Short Interest: Healthy
13.74% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.54
Upright™ Environmental Score
News Sentiment: 0.58
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 30.77%
From $0.26 to $0.34 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.68 out of 5 stars

Computer And Technology Sector

62nd out of 583 stocks

Educational Services Industry

1st out of 21 stocks

3.8

Analyst's Opinion

Consensus Rating
Chegg has received a consensus rating of Reduce. The company's average rating score is 1.56, and is based on no buy ratings, 5 hold ratings, and 4 sell ratings.
Amount of Analyst Coverage
Chegg has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
13.74% of the float of Chegg has been sold short.
Short Interest Ratio / Days to Cover
Chegg has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Chegg has recently decreased by 13.20%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Chegg does not currently pay a dividend.
Dividend Growth
Chegg does not have a long track record of dividend growth.

4.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Chegg has received a 68.14% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "MOOC platforms", "E-learning platforms for higher education", and "Private tutoring services" products. See details.
Environmental Sustainability
The Environmental Impact score for Chegg is -0.54.

2.0

News and Social Media Coverage

News Sentiment
Chegg has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Chegg this week, compared to 6 articles on an average week.
Search Interest
Only 4 people have searched for CHGG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chegg insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.60% of the stock of Chegg is held by insiders.
Percentage Held by Institutions
95.18% of the stock of Chegg is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Chegg are expected to grow by 30.77% in the coming year, from $0.26 to $0.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chegg is -44.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chegg is -44.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Chegg has a PEG Ratio of 1.37. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Chegg has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Chegg Stock (NYSE:CHGG)

Chegg, Inc. operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside. The company also provides a skills-based learning platform to learn technical skills comprising AI, coding, data analytics, and cybersecurity, as well as competencies consisting of emotional intelligence, mindset, emerging leadership, and decision making. In addition, it rents and sells print textbooks and eTextbooks; and offers advertising services. The company serves students and companies through direct marketing channels and social media. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

CHGG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CHGG Stock News Headlines

April 19, 2024 | stocknews.com

3 Internet Stocks Poised up for Rapid Growth in April

April 19, 2024 | americanbankingnews.com

Chegg Sees Unusually High Options Volume (NYSE:CHGG)

April 20, 2024 | DTI (Ad)

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April 17, 2024 | businesswire.com

Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08

April 17, 2024 | finance.yahoo.com

Down -13.03% in 4 Weeks, Here's Why Chegg (CHGG) Looks Ripe for a Turnaround

April 17, 2024 | finance.yahoo.com

Chegg, Inc. (CHGG) Interactive Stock Chart - Yahoo Finance

April 16, 2024 | fool.com

My Top Stock to Avoid in 2024

April 13, 2024 | americanbankingnews.com

Chegg, Inc. (NYSE:CHGG) Receives Consensus Rating of "Reduce" from Brokerages

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 12, 2024 | investorplace.com

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April 12, 2024 | americanbankingnews.com

Q1 2024 Earnings Forecast for Chegg, Inc. (NYSE:CHGG) Issued By Barrington Research

April 11, 2024 | americanbankingnews.com

Barrington Research Comments on Chegg, Inc.'s Q4 2024 Earnings (NYSE:CHGG)

April 9, 2024 | investorplace.com

7 Cheap Stocks on the Verge of Explosive Gains

April 8, 2024 | finance.yahoo.com

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April 8, 2024 | finance.yahoo.com

Q4 Earnings Roundup: Wayfair (NYSE:W) And The Rest Of The Consumer Internet Segment

April 5, 2024 | finance.yahoo.com

Duolingo (NASDAQ:DUOL): Strongest Q4 Results from the Consumer Subscription Group

April 4, 2024 | businesswire.com

Chegg to Announce First Quarter 2024 Financial Results

April 3, 2024 | stocknews.com

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April 2, 2024 | msn.com

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March 29, 2024 | uk.investing.com

Chegg names Deena Bahri as new Chief Marketing Officer

March 29, 2024 | businesswire.com

CHEGG INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Chegg, Inc. - CHGG

March 27, 2024 | investorplace.com

7 No-Brainer Software Stocks to Own Now

March 27, 2024 | finance.yahoo.com

Chegg Appoints Deena Bahri as Chief Marketing Officer

March 24, 2024 | finance.yahoo.com

22 Lucrative Side Hustles for Teachers To Make Extra Money

March 24, 2024 | finance.yahoo.com

10 Highest Paid Teaching Jobs Abroad in 2024

March 16, 2024 | ca.finance.yahoo.com

CHGG Apr 2024 14.000 put

March 16, 2024 | ca.finance.yahoo.com

CHGG Jul 2024 6.000 put

See More Headlines

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Company Calendar

Last Earnings: 2/05/2024
Today: 4/20/2024
Next Earnings (Confirmed): 4/29/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Educational services
Sub-Industry: N/A
Current Symbol: NYSE:CHGG
CUSIP: N/A
CIK: 1364954
Web: www.chegg.com
Phone: (408) 855-5700
Fax: N/A
Employees: 1,979
Year Founded: 2005

Price Target and Rating

Average Stock Price Target: $10.00
High Stock Price Target: $18.00
Low Stock Price Target: $7.00
Potential Upside/Downside: +44.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.70
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.16)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 27.29
P/E Growth: 1.34
Net Income: $18.18 million
Net Margins: 2.54%
Pretax Margin: 7.02%
Return on Equity: 1.27%
Return on Assets: 0.65%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 0.80
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $716.30 million
Price / Sales: 1.02
Cash Flow: $1.39 per share
Price / Cash Flow: 5.09
Book Value: $8.16 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 102,949,000
Free Float: 100,272,000
Market Cap: $730.42 million
Optionable: Optionable
Beta: 1.26

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Key Executives

Mr. Daniel Lee Rosensweig (Age 62)
Co-Chairman, CEO & President
Comp: $1.09M
Mr. Nathan Schultz (Age 47)
Chief Operating Officer
Comp: $834.08k
Mr. David Longo (Age 56)
CFO, Principal Financial Officer, Treasurer, Controller & Chief Accounting Officer
Ms. Tracey Ford
Vice President of Investor Relations
Mr. Woodie Dixon Jr.
General Counsel & Corporate Secretary
Ms. Heather Hatlo Porter
Chief Communications Officer
Ms. Deena Bahri
Chief Marketing Officer
Ms. Debra Thompson
Chief People Officer
Mr. Mitch Spolan
Executive Vice President of Marketing Services
Ms. Lauren Glotzer
Chief Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CHGG Stock Analysis - Frequently Asked Questions

Should I buy or sell Chegg stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 4 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CHGG shares.
View CHGG analyst ratings or view top-rated stocks.
What is Chegg's stock price target for 2024?: 9 brokerages have issued 12 month price targets for Chegg's stock. Their CHGG share price targets range from $7.00 to $18.00. On average, they anticipate the company's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 40.9% from the stock's current price.
View analysts price targets for CHGG or view top-rated stocks among Wall Street analysts.
How have CHGG shares performed in 2024?: Chegg's stock was trading at $11.36 at the beginning of 2024. Since then, CHGG stock has decreased by 37.5% and is now trading at $7.0950.
View the best growth stocks for 2024 here.
Are investors shorting Chegg?: Chegg saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 13,610,000 shares, a decrease of 13.2% from the March 15th total of 15,680,000 shares. Based on an average daily trading volume, of 2,710,000 shares, the short-interest ratio is presently 5.0 days. Approximately 13.7% of the company's stock are sold short.
View Chegg's Short Interest.
When is Chegg's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our CHGG earnings forecast.
How can I listen to Chegg's earnings call?: Chegg will be holding an earnings conference call on Monday, April 29th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745716".
How were Chegg's earnings last quarter?: Chegg, Inc. (NYSE:CHGG) released its quarterly earnings results on Monday, February, 5th. The technology company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The technology company had revenue of $187.99 million for the quarter, compared to the consensus estimate of $185.94 million. Chegg had a trailing twelve-month return on equity of 1.27% and a net margin of 2.54%. The firm's revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share.
What ETFs hold Chegg's stock?: ETFs with the largest weight of Chegg (NYSE:CHGG) stock in their portfolio include Global X Education ETF (EDUT), Amplify Online Retail ETF (IBUY), Harbor Corporate Culture Small Cap ETF (HAPS) and First Trust Small Cap Value AlphaDEX Fund (FYT).First Trust Small Cap Core AlphaDEX Fund (FYX).

What guidance has Chegg issued on next quarter's earnings?: Chegg updated its first quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $173.0 million-$175.0 million, compared to the consensus revenue estimate of $180.3 million.
What is Dan Rosensweig's approval rating as Chegg's CEO?: 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.
What other stocks do shareholders of Chegg own?: 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).
Who are Chegg's major shareholders?: Chegg's stock is owned by a number of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.05%), Penbrook Management LLC (0.04%), Counterpoint Mutual Funds LLC (0.04%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Andrew J Brown, Daniel Rosensweig, Esther Lem, Nathan J Schultz, Paul Leblanc and Ted Schlein.
View institutional ownership trends.
How do I buy shares of Chegg?: Shares of CHGG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Chegg have any subsidiaries?: 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.
Read More

This page (NYSE:CHGG) was last updated on 4/20/2024 by MarketBeat.com Staff

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