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Chegg (CHGG)
NYSE:CHGG
Chegg (CHGG) Stock Price & Analysis
2,685 Followers
CHGG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.05 - $13.11
Previous Close$4.07
Volume4.83M
Average Volume (3M)2.94M
Market Cap
$447.71M
Enterprise Value$642.10M
Total Cash (Recent Filing)$390.76M
Total Debt (Recent Filing)$616.84M
Price to Earnings (P/E)-10.2
Beta0.81
Next Earnings
Aug 05, 2024EPS Estimate
$0.23Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.40
Shares Outstanding102,217,351
10 Day Avg. Volume3,842,647
30 Day Avg. Volume2,938,218
Standard Deviation0.18
R-Squared0.15
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)1.56
Price to Sales (P/S)2.22
Price to Cash Flow (P/CF)2.10
P/FCF Ratio4.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.91
Enterprise Value/Gross Profit1.31
Enterprise Value/Ebitda6.32
Forecast
1Y Price Target
$7.69Price Target Upside88.94% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering11
Chegg News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceNet revenues in the first quarter slightly exceeded estimates and were above the midpoint of management's guidance range.
Growth StrategyManagement expressed optimism on its product-led growth strategy and the scale of language models being built.
InnovationChegg's aggressive and immediate embrace of generative AI is seen as a positive move that could lead to a larger market opportunity and improved user experience over time.
Bears Say
Earnings GuidanceSecond quarter guidance was below consensus expectations, and the stock is trading down in the pre-market.
Financial PerformanceRevenue and adjusted EBITDA estimates for FY25 are below consensus, anticipating revenue declines.
Market CompetitionConcerns about CHGG's ability to return to durable growth as free AI tools become more attractive to users.
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Ownership Overview
Currently, No data available
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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 $4.05 and its highest was $13.11 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 Aug 05, 2024 which is in 76 days.
How were Chegg’s earnings last quarter?
Chegg released its earnings results on Apr 29, 2024. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.248 by $0.012.
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 $0.23.
How many shares outstanding does Chegg have?
Chegg has 102,217,354 shares outstanding.
What happened to Chegg’s price movement after its last earnings report?
Chegg reported an EPS of $0.26 in its last earnings report, beating expectations of $0.248. Following the earnings report the stock price went down -27.894%.
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 3M.
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Chegg Stock Smart Score
Neutral
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Analyst Consensus
Moderate Sell
Average Price Target:
$7.69 (88.94% Upside)
$7.69 (88.94% Upside)
Blogger Sentiment
Bullish
CHGG Sentiment 66%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 516.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.1%
Last 30 Days ▲ 5.1%
Last 30 Days ▲ 5.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-52.13%
12-Months-Change
Fundamentals
Return on Equity
1.48%
Trailing 12-Months
Asset Growth
-26.64%
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
Q1 2024
0:00 / 0:00
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CHGG Revenue Breakdown
89.42% Subscription Services
10.58% Skills and Other
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CHGG Stock 12 Month Forecast
Average Price Target
$7.69
▲(88.94% Upside)
Technical Analysis
TAL Education Group
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New Oriental Education Tech
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China Online Education Group
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Twilio
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Best Analysts Covering CHGG
1 Year
1 Year Success Rate
10/17 ratings generated profit
1 Year Average Return
+21.35%
reiterated a sell rating 21 days ago
Copying Josh Baer's trades and holding each position for 1 Year would result in 58.82% of your transactions generating a profit, with an average return of +21.35% per trade.
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