CheggCHGG
CHGG
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 5 analysts
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]
13.63% less ownership
Funds ownership: 93.62% [Q2] → 79.99% (-13.63%) [Q3]
36% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 47
52% less capital invested
Capital invested by funds: $304M [Q2] → $147M (-$158M) [Q3]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$1.25
16%
downside
Avg. target
$1.80
22%
upside
High target
$3
103%
upside
5 analyst ratings
0 positive
0%
3 neutral
60%
2 negative
40%
Morgan Stanley Josh Baer 53% 1-year accuracy 9 / 17 met price target | 16%downside $1.25 | Underweight Downgraded | 14 Jan 2025 |
Goldman Sachs Eric Sheridan 67% 1-year accuracy 36 / 54 met price target | 18%upside $1.75 | Neutral Maintained | 14 Nov 2024 |
Piper Sandler Arvind Ramnani 86% 1-year accuracy 49 / 57 met price target | 1%upside $1.50 | Underweight Maintained | 14 Nov 2024 |
Craig-Hallum Alex Fuhrman 56% 1-year accuracy 5 / 9 met price target | 1%upside $1.50 | Hold Maintained | 13 Nov 2024 |
Northland Capital Markets Mike Grondahl 63% 1-year accuracy 27 / 43 met price target | 103%upside $3 | Market Perform Maintained | 13 Nov 2024 |
Financial journalist opinion
Neutral
Business Wire
4 days ago
Chegg, Inc. to Announce Fourth Quarter and Full Year 2024 Financial Results
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Monday, February 24, 2025, after market close for the fourth quarter of 2024, which ended on December 31, 2024. Chegg will host a conference call to discuss the fourth quarter and full year financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877.
Neutral
Zacks Investment Research
2 weeks ago
Is the Options Market Predicting a Spike in Chegg (CHGG) Stock?
Investors need to pay close attention to Chegg (CHGG) stock based on the movements in the options market lately.
Neutral
The Motley Fool
1 month ago
2 Beaten-Down Stocks to Avoid in 2025 and Beyond
Some stocks occasionally experience significant price drops due to shortsighted reasons. When that happens, it presents an excellent opportunity for careful and patient investors to buy the dip.
Neutral
Business Wire
1 month ago
Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on December 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. One newly hired employee received an award of restricted stock units (“RSUs”) representing 28,500 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSU.
Positive
Seeking Alpha
1 month ago
Stock Picks From Seeking Alpha's November 2024 New Analysts
Twenty-six new analysts joined Seeking Alpha in November, sharing diverse investment ideas highlighting their unique backgrounds and expertise. Top picks include U.S. Bancorp Preferred Series A, Hershey, and PepsiCo, emphasizing undervalued opportunities, dividend stability, and strategic growth potential. Analysts also spotlighted strong sell recommendations like BlackRock Science and Technology Trust and Luckin Coffee, citing fundamental flaws and competitive disadvantages.
Negative
Benzinga
1 month ago
Top 3 Consumer Stocks That May Keep You Up At Night This Quarter
As of Dec. 5, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Neutral
Business Wire
1 month ago
Chegg Announces Repurchase of 0% Convertible Senior Notes Due 2026
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that it has entered into individual, privately negotiated repurchase agreements with certain holders of its outstanding 0% Convertible Senior Notes due 2026 (the “Notes”) to repurchase approximately $116.6 million in aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately $96.2 million (the “note repurchase transactions”). Th.
Neutral
Business Wire
2 months ago
Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on November 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. One newly hired employee received an award of restricted stock units (“RSUs”) representing 3,575 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSUs.
Negative
Seeking Alpha
2 months ago
Chegg Stock: Crisis Mode Opportunity
Chegg, Inc. faces an existential crisis due to AI impacts, with declining revenues and subscribers, despite attempts at restructuring and AI integration. The company reported Q3 '24 revenues down 13% YoY, with 3.8 million subscribers, but saw a 79% increase in questions asked due to AI capabilities. Management's restructuring plans aim to save $100-$120 million annually, but reduced R&D and marketing spending raises concerns about future growth and alignment with AI trends.
Positive
Zacks Investment Research
2 months ago
Compared to Estimates, Chegg (CHGG) Q3 Earnings: A Look at Key Metrics
The headline numbers for Chegg (CHGG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Charts implemented using Lightweight Charts™