Chegg, Inc. (NYSE:CHGG - Free Report) - Equities research analysts at Northland Capmk cut their Q1 2025 EPS estimates for shares of Chegg in a research report issued to clients and investors on Tuesday, February 25th. Northland Capmk analyst M. Grondahl now expects that the technology company will post earnings of ($0.05) per share for the quarter, down from their previous estimate of $0.02. The consensus estimate for Chegg's current full-year earnings is $0.15 per share. Northland Capmk also issued estimates for Chegg's Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at ($0.11) EPS.
Other analysts have also recently issued research reports about the company. The Goldman Sachs Group lowered their price target on Chegg from $3.75 to $1.75 and set a "neutral" rating for the company in a report on Thursday, November 14th. Piper Sandler lowered their target price on shares of Chegg from $1.50 to $1.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Chegg in a research note on Tuesday, February 25th. Morgan Stanley reiterated an "underweight" rating and issued a $1.25 price target (down previously from $2.00) on shares of Chegg in a report on Tuesday, January 14th. Finally, Craig Hallum dropped their price objective on Chegg from $3.00 to $1.50 and set a "hold" rating for the company in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, Chegg presently has an average rating of "Hold" and a consensus target price of $2.08.
Read Our Latest Analysis on Chegg
Chegg Trading Down 4.9 %
Shares of Chegg stock traded down $0.05 during trading hours on Friday, reaching $0.99. 4,220,861 shares of the company's stock were exchanged, compared to its average volume of 3,664,791. The firm has a market capitalization of $103.95 million, a price-to-earnings ratio of -0.12 and a beta of 1.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.31. Chegg has a 52-week low of $0.94 and a 52-week high of $9.14. The company has a fifty day moving average of $1.49 and a 200-day moving average of $1.76.
Hedge Funds Weigh In On Chegg
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Chegg by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 9,765,268 shares of the technology company's stock worth $15,722,000 after purchasing an additional 180,258 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in Chegg by 48.6% in the 4th quarter. Quinn Opportunity Partners LLC now owns 2,879,937 shares of the technology company's stock worth $4,637,000 after buying an additional 941,410 shares in the last quarter. Geode Capital Management LLC boosted its position in Chegg by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,315,187 shares of the technology company's stock valued at $4,099,000 after buying an additional 26,574 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Chegg by 6.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,307,264 shares of the technology company's stock valued at $3,715,000 after buying an additional 147,441 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Chegg by 8.2% during the fourth quarter. Two Sigma Investments LP now owns 2,254,234 shares of the technology company's stock valued at $3,629,000 after acquiring an additional 170,077 shares in the last quarter. 95.18% of the stock is owned by institutional investors and hedge funds.
About Chegg
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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.
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