CHGG stock icon

Chegg
CHGG

$3.69
1.59%
 

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 6,665 funds
0
Analysts bullish %
of 12 analysts
0
News positive %
of 17 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]

21% less call options, than puts

Call options by funds: $8.95M | Put options by funds: $11.3M

23% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 88

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]

Research analyst outlook

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

Low target
$4
8%
upside
Avg. target
$7.54
104%
upside
High target
$10
171%
upside

12 analyst ratings

positive
0%
neutral
42%
negative
58%
Craig-Hallum
Alex Fuhrman
90%upside
$7
Hold
Downgraded
30 Apr 2024
Jefferies
Brent Thill
8%upside
$4
Underperform
Downgraded
30 Apr 2024
Piper Sandler
Arvind Ramnani
63%upside
$6
Underweight
Reiterated
30 Apr 2024
Jefferies
Brent Thill
90%upside
$7
Hold
Maintained
29 Apr 2024
Morgan Stanley
Josh Baer
90%upside
$7
Underweight
Maintained
19 Apr 2024

Financial journalist opinion

Based on 17 articles about CHGG published over the past 30 days