Chegg (CHGG) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $1.82 to $1.92
• 50-Day Range: $1.75 to $3.72
• 52-Week Range: $1.72 to $11.48
• Volume: 3.55 million shs
• Average Volume: 3.53 million shs
• Market Capitalization: $188.59 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.47
• Consensus Rating: Reduce

Chegg Stock Analysis - MarketRank™

Chegg scored higher than 98% of companies evaluated by MarketBeat, and ranked 38th out of 668 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Reduce

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 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 121.05%

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 -9.71, 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 -9.71, 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 0.68. 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 0.23. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.18% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Chegg has recently increased by 6.89%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Chegg does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: 4.5 / 5
• Environmental Score: -0.54

Percentage of Shares Shorted

14.18% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Chegg has recently increased by 6.89%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.41

News Sentiment

Chegg has a news sentiment score of 0.41. 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 9 news articles for Chegg this week, compared to 6 articles on an average week.

Search Interest

Only 3 people have searched for CHGG on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

CHGG Stock Analysis - Frequently Asked Questions

How have CHGG shares performed this year?

Chegg's stock was trading at $11.36 at the beginning of 2024. Since then, CHGG stock has decreased by 83.8% and is now trading at $1.8450.
View the best growth stocks for 2024 here.

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) announced its quarterly earnings data on Monday, August, 5th. The technology company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The company's quarterly revenue was down 10.8% compared to the same quarter last year.

Does Chegg have any subsidiaries?

Chegg subsidiaries include Mathway, StudyBlue, Thinkful, WriteLab, MATH 42, RefME, Imagine Easy Solutions, and others.

Who are Chegg's major shareholders?

Top institutional shareholders of Chegg include Sylebra Capital LLC (5.33%), Dimensional Fund Advisors LP (4.49%), AQR Capital Management LLC (2.82%) and Millennium Management LLC (2.17%). 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.

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.

What other stocks do shareholders of Chegg own?

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

Company Calendar

• Last Earnings: 8/05/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Educational services
• Sub-Industry: Personal Services
• 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: $5.47
• High Stock Price Target: $10.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +196.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.19)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 9.71
• P/E Growth: 0.68
• Net Income: $18.18 million
• Net Margins: -91.74%
• Pretax Margin: -68.96%
• Return on Equity: 2.10%
• Return on Assets: 1.09%

Debt

• Debt-to-Equity Ratio: 0.67
• Current Ratio: 0.89
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $683.34 million
• Price / Sales: 0.28
• Cash Flow: $1.30 per share
• Price / Cash Flow: 1.42
• Book Value: $8.16 per share
• Price / Book: 0.23

Miscellaneous

• Outstanding Shares: 102,217,000
• Free Float: 98,742,000
• Market Cap: $188.59 million
• Optionable: Optionable
• Beta: 1.31