CheggCHGG
Market Cap: $197M
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 Q2 SEC filings by fund managers ($100M+ AUM)
35% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 60
5% more call options, than puts
Call options by funds: $4.66M | Put options by funds: $4.46M
0.76% less ownership
Funds ownership: 93.23% [Q1] → 92.47% (-0.76%) [Q2]
8% less funds holding
Funds holding: 225 [Q1] → 206 (-19) [Q2]
33% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 57
59% less capital invested
Capital invested by funds: $727M [Q1] → $300M (-$427M) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Craig-Hallum Alex Fuhrman 67% 1-year accuracy 4 / 6 met price target | 58%upside $3 | Hold Maintained | 7 Aug 2024 |
Goldman Sachs Eric Sheridan 60% 1-year accuracy 33 / 55 met price target | 97%upside $3.75 | Neutral Upgraded | 6 Aug 2024 |
Morgan Stanley Josh Baer 55% 1-year accuracy 12 / 22 met price target | 58%upside $3 | Equal-Weight Maintained | 6 Aug 2024 |
Northland Capital Markets Mike Grondahl 35% 1-year accuracy 6 / 17 met price target | 216%upside $6 | Market Perform Maintained | 6 Aug 2024 |
Piper Sandler Arvind Ramnani 54% 1-year accuracy 33 / 61 met price target | 5%upside $2 | Underweight Maintained | 6 Aug 2024 |
Financial journalist opinion
Based on 20 articles about CHGG published over the past 30 days