Should I buy or sell Chegg stock right now?

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

What is Chegg's stock price target for 2024?

9 brokerages have issued twelve-month price targets for Chegg's stock. Their CHGG share price targets range from $4.00 to $11.00. On average, they predict the company's share price to reach $7.72 in the next twelve months. This suggests a possible upside of 43.5% 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 on January 1st, 2024. Since then, CHGG shares have decreased by 52.6% and is now trading at $5.38. View the best growth stocks for 2024 here .

Are investors shorting Chegg?

Chegg saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 13,610,000 shares, a drop 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 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, August 5th 2024. View our CHGG earnings forecast .

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) announced 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 0.86% and a net margin of 2.07%. The business's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS.

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) and Amplify Online Retail ETF (IBUY) . First Trust Small Cap Value AlphaDEX Fund (FYT) .

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

Chegg updated its second quarter 2024 earnings guidance on Monday, April, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $159.0 million-$161.0 million, compared to the consensus revenue estimate of $173.6 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 institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.54%), BNP Paribas Financial Markets (0.41%), Assenagon Asset Management S.A. (0.25%), IMC Chicago LLC (0.00%), Janney Montgomery Scott LLC (0.11%) and Sumitomo Mitsui Trust Holdings Inc. (0.05%). 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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$5.38

+0.21 (+4.06%)

(As of 05/1/2024 ET)

Compare

Today's Range: $4.96
▼
$5.47
50-Day Range: $5.17
▼
$9.04
52-Week Range: $4.96
▼
$13.11

Volume: 7.55 million shs
Average Volume: 2.91 million shs
Market Capitalization: $546.45 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.72

Get Chegg alerts:

Chegg MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.55 Rating Score
Upside/Downside: 43.5% Upside
$7.72 Price Target
Short Interest: Bearish
14.27% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.54
Upright™ Environmental Score
News Sentiment: -0.01
Based on 47 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.

4.39 out of 5 stars

Computer And Technology Sector

105th out of 590 stocks

Educational Services Industry

1st out of 22 stocks

3.7

Analyst's Opinion

Consensus Rating
Chegg has received a consensus rating of Strong Sell. The company's average rating score is 1.44, and is based on no buy ratings, 4 hold ratings, and 5 sell ratings.
Amount of Analyst Coverage
Chegg has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
14.27% 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 5.3.
Change versus previous month
Short interest in Chegg has recently increased by 3.53%, indicating that investor sentiment is decreasing.

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.

1.7

News and Social Media Coverage

News Sentiment
Chegg has a news sentiment score of -0.01. 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 0.37 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 47 news articles for Chegg this week, compared to 7 articles on an average week.
Search Interest
Only 6 people have searched for CHGG on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
MarketBeat Follows
9 people have added Chegg to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 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.

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 -28.32, 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 -28.32, 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 1.39. 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 0.66. 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 24, 2024 | marketbeat.com

Duolingo Speaks the Language of Growth for Investors (CHGG)

Duolingo reported strong first quarter earnings and upbeat guidance, which is likely to translate into a bullish reversal for DUOL stock

May 1, 2024 | msn.com

Jefferies Downgrades Chegg (CHGG)

May 2, 2024 | MillPub (Ad)

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May 1, 2024 | msn.com

Craig-Hallum Downgrades Chegg (CHGG)

May 1, 2024 | msn.com

Chegg, Inc. (NYSE:CHGG) Q1 2024 Earnings Call Transcript