Chegg (CHGG)

• Market cap: $149M
• 1 day: -2.72%
• 5 days: 2.14%
• 1 month: -5.30%
• 3 months: -20.56%
• 6 months: -37.55%
• Year to date: -14.88%
• 1 year: -83.60%
• 5 years: -96.43%
• 10 years: -78.81%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

137% more call options, than puts

Call options by funds: $3.42M | Put options by funds: $1.44M

30% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 44

9% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 44

2.95% less ownership

Funds ownership: 80.0% [Q3] → 77.06% (-2.95%) [Q4]

6% less funds holding

Funds holding: 188 [Q3] → 177 (-11) [Q4]

12% less capital invested

Capital invested by funds: $147M [Q3] → $130M (-$17.1M) [Q4]

Research analyst outlook

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

• Low target: $1.25 13% downside
• Avg. target: $1.25 13% downside
• High target: $1.25 13% downside

1 analyst rating

• positive: 0 0%
• neutral: 0 0%
• negative: 1 100%

Morgan Stanley Josh Baer 53% 1-year accuracy 8 / 15 met price target

13% downside $1.25

Underweight Downgraded

14 Jan 2025