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Chegg (CHGG) Stock Price, News & Analysis

Chegg logo
$1.74 +0.06 (+3.58%)
(As of 11/20/2024 ET)

About Chegg Stock (NYSE:CHGG)

Key Stats

Today's Range
$1.62
$1.76
50-Day Range
$1.51
$1.86
52-Week Range
$1.34
$11.48
Volume
2.89 million shs
Average Volume
3.62 million shs
Market Capitalization
$180.98 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.69
Consensus Rating
Reduce

Company Overview

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.

Chegg Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

CHGG MarketRank™: 

Chegg scored higher than 99% of companies evaluated by MarketBeat, and ranked 17th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Chegg has received a consensus rating of Reduce. The company's average rating score is 1.70, and is based on no buy ratings, 7 hold ratings, and 3 sell ratings.

  • Amount of Analyst Coverage

    Chegg has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Chegg's stock forecast and price target.
  • Earnings Growth

    Earnings for Chegg are expected to grow by 121.05% in the coming year, from $0.19 to $0.42 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Chegg is -0.22, 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 -0.22, 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 0.61. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Chegg has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Chegg's valuation and earnings.
  • Percentage of Shares Shorted

    10.58% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Chegg has recently decreased by 12.64%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Chegg does not currently pay a dividend.

  • Dividend Growth

    Chegg does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    10.58% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Chegg has recently decreased by 12.64%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Chegg has a news sentiment score of -0.26. 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 is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for Chegg this week, compared to 5 articles on an average week.
  • Search Interest

    7 people have searched for CHGG on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.
  • 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 3.40% 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.

  • Read more about Chegg's insider trading history.
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CHGG Stock News Headlines

Chegg, Inc. (CHGG): A Bear Case Theory
When it comes to NVDA… “acceleration cycles” are the key
Expert options trader Graham Lindman has been working on a new way to tap into Nvidia’s options… By simply isolating outsized “acceleration cycles” within Nvidia stock (most investors don’t even know it exists)... And thanks to many months and late nights working out the kinks of the systems… They have finally found a way to target these cycles on Nvidia over and over again.
Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
Chegg Stock: Crisis Mode Opportunity
Chegg Faces Challenges Amid Declining Revenue and Rising AI Competition
See More Headlines

CHGG Stock Analysis - Frequently Asked Questions

Chegg's stock was trading at $11.36 at the start of the year. Since then, CHGG stock has decreased by 84.7% and is now trading at $1.7350.
View the best growth stocks for 2024 here
.

Chegg, Inc. (NYSE:CHGG) issued its quarterly earnings results on Tuesday, November, 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. Chegg's revenue was down 13.5% on a year-over-year basis.

The following companies are subsidiaries of Chegg: Mathway, StudyBlue, Thinkful, WriteLab, MATH 42, RefME, Imagine Easy Solutions, and others.

Top institutional investors of Chegg include Geode Capital Management LLC (2.22%), Sylebra Capital LLC (2.09%), Jacobs Levy Equity Management Inc. (2.07%) and Charles Schwab Investment Management Inc. (0.89%). Insiders that own company stock include Nathan J Schultz, Esther Lem, Andrew J Brown, Paul Leblanc, Ted Schlein and Daniel Rosensweig.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Chegg investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

Last Earnings
11/12/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/03/2025

Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
Personal Services
Fax
N/A
Employees
1,979
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$4.69
High Stock Price Target
$10.00
Low Stock Price Target
$1.50
Potential Upside/Downside
+170.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.70
Research Coverage
10 Analysts

Profitability

Net Income
$18.18 million
Net Margins
-124.05%
Pretax Margin
-100.97%

Debt

Sales & Book Value

Annual Sales
$716.29 million
Cash Flow
$1.37 per share
Book Value
$8.16 per share

Miscellaneous

Free Float
100,761,000
Market Cap
$180.98 million
Optionable
Optionable
Beta
1.32

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This page (NYSE:CHGG) was last updated on 11/21/2024 by MarketBeat.com Staff
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