Chegg (CHGG) Stock Price, News & Analysis

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 4 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" CHGG shares.
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10 Wall Street analysts have issued 12 month price objectives for Chegg's shares. Their CHGG share price targets range from $7.00 to $18.00. On average, they predict the company's stock price to reach $10.22 in the next year. This suggests a possible upside of 45.0% from the stock's current price.
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Chegg's stock was trading at $11.36 at the beginning of 2024. Since then, CHGG stock has decreased by 37.9% and is now trading at $7.05.
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Chegg saw a decrease in short interest in 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 trading volume of 2,710,000 shares, the days-to-cover ratio is currently 5.0 days. Approximately 13.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
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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".

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

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).

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.

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's stock is owned by a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%) and Counterpoint Mutual Funds LLC (0.04%). Insiders that own company stock include Andrew J Brown, Daniel Rosensweig, Esther Lem, Nathan J Schultz, Paul Leblanc and Ted Schlein.
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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.
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