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Chegg (CHGG)
NYSE:CHGG
Holding CHGG?
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CHGG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.34 - $11.47
Previous Close$1.58
Volume2.57M
Average Volume (3M)4.02M
Market Cap
$164.81M
Enterprise Value$428.86M
Total Cash (Recent Filing)$361.08M
Total Debt (Recent Filing)$625.13M
Price to Earnings (P/E)―
Beta1.04
Next Earnings
Feb 10, 2025EPS Estimate
$0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-8.19
Shares Outstanding104,307,327
10 Day Avg. Volume2,926,625
30 Day Avg. Volume4,015,450
Standard Deviation0.19
R-Squared0.14
Alpha-0.04
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.89
Price to Sales (P/S)0.25
Price to Cash Flow (P/CF)1.00
P/FCF Ratio1.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.68
Enterprise Value/Gross Profit0.87
Enterprise Value/Ebitda-0.73
Forecast
1Y Price Target
$2.21Price Target Upside39.87% Upside
Rating ConsensusHold
Number of Analyst Covering8
Chegg News
PremiumCompany Announcements
Chegg Reports Revenue Decline and Net Loss
Bulls Say, Bears Say
Bulls Say
Earnings3Q24 results beat consensus expectations and guidance.
Financial PerformanceCHGG generates positive free cash flow and is net-debt free.
Innovation And StrategyManagement continues to integrate AI into Chegg Study, completing several foundational programs, including the complete rollout of conversational instructional capability and automated solutions.
Bears Say
Competitive PressuresCompetitive pressures worsened during the quarter with Google AI overviews stealing student traffic.
Revenue Guidance4Q24 guidance below consensus with revenue guidance down -24% to -25% y/y.
Subscriber GrowthDeteriorating trends in reported subscriber growth and revenue, with Q4 guidance below consensus, point to further degradation.
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Ownership Overview
4.48% Insiders
16.46% Mutual Funds
14.88% Other Institutional Investors
50.34% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Chegg
Desktop Users
Mobile Users
CHGG FAQ
What was Chegg’s price range in the past 12 months?
Chegg lowest stock price was $1.34 and its highest was $11.46 in the past 12 months.
What is Chegg’s market cap?
Currently, no data Available
When is Chegg’s upcoming earnings report date?
Chegg’s upcoming earnings report date is Feb 10, 2025 which is in 43 days.
How were Chegg’s earnings last quarter?
Chegg released its earnings results on Nov 12, 2024. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.075 by $0.015.
Is Chegg overvalued?
According to Wall Street analysts Chegg’s price is currently Undervalued.
Does Chegg pay dividends?
Chegg does not currently pay dividends.
What is Chegg’s EPS estimate?
Chegg’s EPS estimate is $0.18.
How many shares outstanding does Chegg have?
Chegg has 104,307,330 shares outstanding.
What happened to Chegg’s price movement after its last earnings report?
Chegg reported an EPS of $0.09 in its last earnings report, beating expectations of $0.075. Following the earnings report the stock price went down -10.734%.
Which hedge fund is a major shareholder of Chegg?
Among the largest hedge funds holding Chegg’s share is First Eagle Investment Management LLC. It holds Chegg’s shares valued at 1M.
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Chegg Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$2.21 (39.87% Upside)
$2.21 (39.87% Upside)
Blogger Sentiment
Bullish
CHGG Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 636.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-86.00%
12-Months-Change
Fundamentals
Return on Equity
-134.82%
Trailing 12-Months
Asset Growth
-44.44%
Trailing 12-Months
Company Description
Chegg
Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.
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CHGG Company Deck
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CHGG Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter for Chegg with notable achievements in engagement and strategic restructuring but significant setbacks due to competitive pressures from AI technologies and declining financial metrics. The company's proactive measures to address these challenges show promise, yet the overall tone remains cautious.Read More>---
CHGG Revenue Breakdown
89.42% Subscription Services
10.58% Skills and Other
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CHGG Stock 12 Month Forecast
Average Price Target
$2.21
▲(39.87% Upside)
Technical Analysis
Best Analysts Covering CHGG
1 Year
1 Year Success Rate
5/11 ratings generated profit
1 Year Average Return
-8.99%
reiterated a sell rating 2 months ago
Copying Arvind Ramnani's trades and holding each position for 1 Year would result in 45.45% of your transactions generating a profit, with an average return of -8.99% per trade.
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