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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$1.78 - $11.48
Previous Close$1.81
Volume6.60M
Average Volume (3M)3.86M
Market Cap
$181.42M
Enterprise Value$458.69M
Total Cash (Recent Filing)$345.46M
Total Debt (Recent Filing)$616.51M
Price to Earnings (P/E)―
Beta0.83
Next Earnings
Oct 28, 2024EPS Estimate
$0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.30
Shares Outstanding103,669,879
10 Day Avg. Volume3,599,296
30 Day Avg. Volume3,861,169
Standard Deviation0.19
R-Squared0.13
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)0.50
Price to Sales (P/S)0.38
Price to Cash Flow (P/CF)3.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.68
Enterprise Value/Gross Profit0.94
Enterprise Value/Ebitda-1.18
Forecast
1Y Price Target
$2.94Price Target Upside68.00% Upside
Rating ConsensusHold
Number of Analyst Covering9
Chegg News
PremiumCompany Announcements
Chegg Executive Resignations Announced, Market Reacts
Bulls Say, Bears Say
Bulls Say
Cost Savings And Free Cash FlowCost savings flowing through the model are expected to yield solid free cash flow generation.
Financial PerformanceChegg reported financial results of its second quarter that topped expectations.
New Features And EngagementNew GenAI features are helping to drive better engagement from Chegg's existing base of subscribers.
Bears Say
New Subscriber ConversionWeakness in new subscriber conversion accelerated quarter-over-quarter and year-over-year subscriber declines.
Revenue Guidance3Q24 revenue guidance of $133-$135M is down 14 to 16% year-over-year vs. consensus of $143M.
Subscriber GrowthSubscribers fell 6% sequentially in a seasonally uneventful quarter.
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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 $1.78 and its highest was $11.48 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 Oct 28, 2024 which is in 39 days.
How were Chegg’s earnings last quarter?
Chegg released its earnings results on Aug 05, 2024. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.227 by $0.013.
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 $0.07.
How many shares outstanding does Chegg have?
Chegg has 103,669,876 shares outstanding.
What happened to Chegg’s price movement after its last earnings report?
Chegg reported an EPS of $0.24 in its last earnings report, beating expectations of $0.227. Following the earnings report the stock price went down -22.184%.
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 2M.
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Chegg Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$2.94 (68.00% Upside)
$2.94 (68.00% Upside)
Blogger Sentiment
Bullish
CHGG Sentiment 75%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 81.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-82.05%
12-Months-Change
Fundamentals
Return on Equity
-89.53%
Trailing 12-Months
Asset Growth
-43.39%
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
Q2 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
$2.94
▲(68.00% Upside)
Technical Analysis
Best Analysts Covering CHGG
1 Year
1 Year Success Rate
4/10 ratings generated profit
1 Year Average Return
-12.38%
assigned a sell rating last month
Copying Arvind Ramnani's trades and holding each position for 1 Year would result in 40.00% of your transactions generating a profit, with an average return of -12.38% per trade.
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