Chegg (CHGG)

• Market cap: $185M
• 1 day: -4.32%
• 5 days: -18.06%
• 1 month: 2.31%
• 3 months: 1.72%
• 6 months: -37.23%
• Year to date: -84.24%
• 1 year: -83.91%
• 5 years: -95.38%
• 10 years: -74.38%
• Sector: Consumer Discretionary
• Industry: Educational Services

About: Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Subscription Services, which encompasses Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through the company's websites and on mobile devices, and Skills and Other, which encompasses skills, advertising services, print textbooks, and eTextbooks offerings.

Employees: 1,979

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

26% more call options, than puts

Call options by funds: $3.32M | Put options by funds: $2.63M

8% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 64

10% less funds holding

Funds holding: 207 [Q2] → 187 (-20) [Q3]

14.36% less ownership

Funds ownership: 93.56% [Q2] → 79.2% (-14.36%) [Q3]

40% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 50

52% less capital invested

Capital invested by funds: $304M [Q2] → $145M (-$159M) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $1.50 15% downside
• Avg. target: $1.94 9% upside
• High target: $3 69% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

Goldman Sachs Eric Sheridan 60% 1-year accuracy 37 / 62 met price target	1% downside $1.75	Neutral Maintained	14 Nov 2024
Piper Sandler Arvind Ramnani 86% 1-year accuracy 49 / 57 met price target	15% downside $1.50	Underweight Maintained	14 Nov 2024
Craig-Hallum Alex Fuhrman 38% 1-year accuracy 3 / 8 met price target	15% downside $1.50	Hold Maintained	13 Nov 2024
Northland Capital Markets Mike Grondahl 73% 1-year accuracy 29 / 40 met price target	69% upside $3	Market Perform Maintained	13 Nov 2024