Chegg
CHGG

$3.51

0.28%

Market Cap: 359M

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

Consumer Discretionary Educational Services

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 11 analysts

0

News positive %

of 8 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

19% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 31

6.71% more ownership

Funds ownership: 84.58% [Q4 2023] → 91.29% (+6.71%) [Q1 2024]

3% more funds holding

Funds holding: 218 [Q4 2023] → 224 (+6) [Q1 2024]

23% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 88

30% less call options, than puts

Call options by funds: $12.2M | Put options by funds: $17.5M

36% less capital invested

Capital invested by funds: $1.11B [Q4 2023] → $712M (-$400M) [Q1 2024]

100% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 0 (-2) [Q1 2024]

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$3.25

7%

downside

Avg. target

$7.07

101%

upside

High target

$10

185%

upside

11 analyst ratings

0 positive

0%

6 neutral

55%

5 negative

45%

Morgan Stanley Josh Baer	7%downside $3.25	Equal-Weight Upgraded	16 Jul 2024
Craig-Hallum Alex Fuhrman	99%upside $7	Hold Downgraded	30 Apr 2024
Jefferies Brent Thill	14%upside $4	Underperform Downgraded	30 Apr 2024
Piper Sandler Arvind Ramnani	71%upside $6	Underweight Reiterated	30 Apr 2024
Jefferies Brent Thill	99%upside $7	Hold Maintained	29 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about CHGG published over the past 30 days

Wall Street Is Betting Against These 7 Stocks. You Should Buy Them Anyways.

More often than not, investors should be careful about going against the wisdom of analyst assessments. These folks didn't get to where they are by happenstance.

Wall Street Is Betting Against These 7 Stocks. You Should Buy Them Anyways.

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 July 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. Two newly hired employees received, in the aggregate, awards of restricted stock units (“RSUs”) representing 15,030 shares of Chegg common stock, in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 3.

Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08

The Motley Fool

Why Chegg Stock Is Soaring Today

Morgan Stanley raised its rating on Chegg stock from underweight to equal weight. But the analyst lowered his one-year price target on the stock from $6.50 per share to $3.25 per share.

Why Chegg Stock Is Soaring Today

Zacks Investment Research

CHGG or SMAR: Which Is the Better Value Stock Right Now?

Investors with an interest in Internet - Software stocks have likely encountered both Chegg (CHGG) and Smartsheet (SMAR). But which of these two stocks presents investors with the better value opportunity right now?

CHGG or SMAR: Which Is the Better Value Stock Right Now?

Chegg to Announce Second Quarter 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, August 5, 2024, after market close for the second quarter of 2024, which ended June 30, 2024. Chegg will host a conference call to discuss the second-quarter 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 1-877-407-4018 or outside the.

Chegg to Announce Second Quarter 2024 Financial Results

Joseph Drouhin announces its first wine shipment to the USA by Sailboat

BEAUNE, France--(BUSINESS WIRE)-- #dreyfusashby--Maison Joseph Drouhin, renowned for the quality of its Burgundy wines, is taking a new step in its sustainability commitment by announcing its first wine shipment by sailboat. In partnership with TOWT (TransOceanic Wind Transport), 15,000 bottles of 2022 Chablis and Côte de Beaune white wines will set sail in summer 2024 aboard the Anemos for a transatlantic voyage between Le Havre and New York. 90% less CO2 Emissions and 98% less Sulphur Oxide This initiative r.

Joseph Drouhin announces its first wine shipment to the USA by Sailboat

9 Stocks to Sell as AI Surges Ahead

I've got a surprising fact for you: New technologies are often astonishingly S

9 Stocks to Sell as AI Surges Ahead

The Motley Fool

3 Stocks That Could Bounce Back in the Second Half of 2024

UiPath is down 49% this year, but analysts see a return to growth next year. A new CEO and recent layoffs could stabilize Chegg, a stock that is trading for just 3 times earnings.

3 Stocks That Could Bounce Back in the Second Half of 2024

Chegg Selects AWS as its Preferred Cloud Provider for Next Generation, AI-Powered Student-focused Learning Solutions

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, a leading student-first online learning platform, announced today that it has chosen Amazon Web Services (AWS) as its preferred cloud provider to advance its AI strategy and drive innovation in education. As part of a five-year agreement with AWS, Chegg is set to capitalize on AWS's advanced AI capabilities to enhance the personalized learning experience for students worldwide. Chegg plans to use AWS's global technologies like Amazon Bedrock, Amazon.

Chegg Selects AWS as its Preferred Cloud Provider for Next Generation, AI-Powered Student-focused Learning Solutions

Chegg Expands Leadership Team with Appointment of Chief Business Officer

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced the appointment of Chris Mason as Chief Business Officer today. In his expanded role, Mason will drive Chegg's growth strategy, business operations, strategic partnerships, and international expansion, further helping to position Chegg as a global leader in online education. “I am thrilled to announce Chris's promotion to Chief Business Officer,” said Nathan Schultz, CEO a.

Chegg Expands Leadership Team with Appointment of Chief Business Officer

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