옵션 체인은 다양한 행사가격과 만기일에 대한 Chegg의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Chegg에 대한 시장 심리를 평가합니다..

Chegg (NYSE:CHGG) 주식, 옵션 체인

Chegg

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.

News

Education

Guidance

After-Hours Center

Movers

CHGG

체그(NYSE:CHGG) 주식은 화요일(12일) 장 마감 후 3분기 실적을 발표하자 하락했다. 실적 보고서의 세부 내용을 살펴보자. 세부 내용: 체그의 분기 주당순이익은 9센트로 애널리스트 컨센서스 예상치 8센트를 상회하는 수치다. 분기 매출은 1억 3,659만 달러로 애널리스트 컨센서스 예상치 1억 3,411만 달러를 상회했으며, 작년 같은 기간의 매출 1억 5,785만 달러 대비로는 감소했다.

체그, 3분기 실적 발표 후 13% 급락: 직원 21% 감축, 4분기 지침 약세

Earnings

Tech

체그(NYSE:CHGG)는 월요일 시장 마감 후 2분기 재무 결과를 발표했다. 이번 분기의 주요 지표는 다음과 같다. 2분기 실적: 미국 교육 기술 회사인 체그의 2분기 매출은 전년 동기 대비 11% 감소한 1억 6,310만 달러로 컨센서스 추정치인 1억 5,998만 달러를 넘어섰다. 이 회사는 분기 조정 이익을 주당 28센트로 보고했는데, 이는 분석가 추정치인 주당 22센트를 뛰어넘는 수치이다.

체그의 2분기 매출 및 이익은 예상을 상회했지만 약한 전망으로 주가 급락

캘리포니아주 산타클라라에 본사를 둔 미국 교육 기술 회사 체그(NYSE:CHGG)의 주가는 회사가 구조 조정 계획과 새로운 성장 비전을 발표한 후 월요일 시간외 거래에서 급등했다. 주요 내용 (The Details): 체그의 이 구조 조정 계획에는 23%의 인원 감축, 종합 과정을 수강하는 학생에 대한 재조명, 국제 프로그램에 더 많은 자원 투입 등이 포함될 것이다.

체그가 구조 조정 계획과 새로운 성장 비전 발표 후 주가 급등

Chegg Inc

CHEGG ORD

Goldman Sachs analyst Eric Sheridan maintains Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Neutral and lowers the price target from $3.75 to $1.75.

Price Target

Analyst Ratings

Goldman Sachs Maintains Neutral on Chegg, Lowers Price Target to $1.75

In the last three months, 4 analysts have published ratings on Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>), offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $2.5, a high estimate of $4.00, and a low estimate of $1.50. Observing a downward trend, the current average is 33.33% lower than the prior average price target of $3.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1731585635_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of Chegg's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$1.50</td>
<td>$2.00</td>
</tr>
<tr>
<td>Alex Fuhrman</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$1.50</td>
<td>$3.00</td>
</tr>
<tr>
<td>Mike Grondahl</td>
<td>Northland Capital Markets</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Mike Grondahl</td>
<td>Northland Capital Markets</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$4.00</td>
<td>$6.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Chegg. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Chegg compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Chegg's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Chegg's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CHGG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Chegg analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Chegg</h2>
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.
<h3>Chegg: Delving into Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, Chegg faced challenges, resulting in a decline of approximately -10.78% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -378.12%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Chegg's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -92.84%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Chegg's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -43.34%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.69, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Chegg: Insights From 4 Analyst Reviews

Piper Sandler analyst Arvind Ramnani maintains Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Underweight and lowers the price target from $2 to $1.5.

Piper Sandler Maintains Underweight on Chegg, Lowers Price Target to $1.5

<h3>Gainers</h3>
<ul>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock increased by 71.2% to $5.0 during Wednesday's pre-market session. The company's market cap stands at $4.9 million. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) shares increased by 30.47% to $1.37. The market value of their outstanding shares is at $29.7 million. </li>
<li>Cava Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) shares rose 16.52% to $169.0. The market value of their outstanding shares is at $19.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares increased by 11.53% to $11.8. The market value of their outstanding shares is at $11.7 billion. The company's, Q3 earnings came out 4 days ago. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock increased by 10.2% to $1.62. The company's market cap stands at $20.0 million. </li>
<li>ZEEKR Intelligent Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) shares rose 8.84% to $28.3. The market value of their outstanding shares is at $7.0 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Wag Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) shares decreased by 41.4% to $0.38 during Wednesday's pre-market session. The company's market cap stands at $18.7 million. As per the press release, Q3 earnings came out today. </li>
<li>Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) shares decreased by 27.85% to $6.4. The company's market cap stands at $11.6 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares fell 25.61% to $0.09. The market value of their outstanding shares is at $5.6 million. </li>
<li>Groupon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares fell 21.29% to $8.91. The market value of their outstanding shares is at $354.1 million. The company's, Q3 earnings came out yesterday. </li>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) stock decreased by 17.52% to $1.46. The company's market cap stands at $149.2 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Light &amp; Wonder (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNW#NASDAQ">LNW</a>) shares declined by 12.08% to $90.12. The company's market cap stands at $7.9 billion. As per the press release, Q3 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CAVA

FFIE

GRPN

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RIVN

12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

Craig-Hallum analyst Alex Fuhrman maintains Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Hold and lowers the price target from $3 to $1.5.

Craig-Hallum Maintains Hold on Chegg, Lowers Price Target to $1.5

WIIM

Chegg shares are trading lower after Northland Capital Markets cut its price target on the stock from $4 to $3. Needham reiterated a Hold rating.

Northland Capital Markets analyst Mike Grondahl maintains Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Market Perform and lowers the price target from $4 to $3.

Northland Capital Markets Maintains Market Perform on Chegg, Lowers Price Target to $3

Needham analyst Ryan MacDonald reiterates Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Chegg

Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares are down after the company reported its third-quarter results after Tuesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/11/b41918921/chegg-reports-2024-third-quarter-earnings">details from the report. </a>
The Details: Chegg reported quarterly earnings of nine cents per share, which beat the analyst consensus estimate of eight cents. Quarterly revenue came in at $136.59 million, which beat the analyst consensus estimate of $134.11 million and a decrease from sales of $157.85 million from the same period last year.
<ul>
<li>Total net revenues of $136.6 million, a decrease of 13% year-over-year</li>
<li>Subscription Services revenues of $119.8 million, a decrease of 14% year-over-year</li>
<li>Gross Margin of 68%</li>
<li>Non-GAAP gross margin of 70%</li>
<li>Adjusted EBITDA was $22.3 million</li>
<li>3.8 million Subscription Services subscribers, a decrease of 13% year-over-year</li>
</ul>
Chegg announced additional restructuring efforts, effective immediately, to impact all groups across the company:
<ul>
<li>Chegg will reduce headcount by an additional 21%.</li>
<li>Chegg anticipates that these actions, along with additional operating expense savings, will result in annualized non-GAAP cost savings of $60-$70 million in 2025.</li>
<li>The cost savings from the restructuring announced in June, coupled with the restructuring announced today, will result in a combined non-GAAP savings of $100-$120 million in 2025.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/11/41914981/bitcoin-miners-hive-digital-hut-8-bitfarms-to-report-earnings-as-future-of-crypto-has-never-been-brighter">Bitcoin Miners Hive Digital, Hut 8, Bitfarms To Report Earnings As Future Of Crypto &#8216;Has Never Been Brighter&#8217;</a>
&#8220;While the global education industry continues to experience tremendous change, in the third quarter, we showed early progress against our strategic plan and delivered better-than-expected revenue and adjusted EBITDA. However, recent technology shifts and generative AI have created significant headwinds, and as a result, we are undertaking an additional restructuring,&#8221; said Nathan Schultz, CEO of Chegg.
&#8220;There continues to be a market of students looking for the high-quality, proven, and differentiated learning expertise Chegg provides, and we believe our brand and product experience are resilient and will endure,&#8221; Schultz added. 
Outlook:&nbsp;Chegg sees fourth-quarter total net revenue of between $141 million and $143 million, versus the $161.46 million estimate and subscription services revenue in a range of $126 million to $128 million with adjusted EBITDA of between $32 million and $34 million. 
CHGG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Chegg shares are down 14.12% after-hours at $1.52 at the time of publication Tuesday.
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
</ul>
Photo: Shutterstock

Chegg Stock Slips After Q3 Results, 21% Workforce Reduction, Weak Q4 Guidance

Chegg shares are trading lower after the company provided Q4 revenue guidance below analyst expectations.

Chegg Sees Q4 Total Net Revenue $141M-$143M vs $161.46M Est., Subscription Services Revenue $126M-$128M, Adj. EBITDA $32M-$34M

Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.08 by 12.5 percent. The company reported quarterly sales of $136.593 million which beat the analyst consensus estimate of $134.118 million by 1.85 percent. This is a 13.47 percent decrease over sales of $157.854 million the same period last year.

Earnings Beats

Chegg Q3 2024 Adj. EPS $0.09 Beats $0.08 Estimate, Sales $136.593M Beat $134.118M Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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The Beachbody Company, Inc. Class A Common Stock

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Earnings Scheduled For November 12, 2024

<a href="https://www.sec.gov/Archives/edgar/data/1364954/000136495424000080/a101-1017248xk.htm" title="https://www.sec.gov/Archives/edgar/data/1364954/000136495424000080/a101-1017248xk.htm">https://www.sec.gov/Archives/edgar/data/1364954/000136495424000080/a101-1017248xk.htm</a>

Chegg's Board Of Directors' Compensation Committee Approved New Severance Plan, Effective Immediately, Replacing Existing Arrangements And Providing Specified Benefits To Key Officers, Including CEO Nathan Schultz And CFO David Longo, Upon A Qualifying Termination Or Change In Control

Across the recent three months, 6 analysts have shared their insights on Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $3.62, a high estimate of $6.00, and a low estimate of $2.00. Experiencing a 40.07% decline, the current average is now lower than the previous average price target of $6.04. 
<img src="https://www.benzinga.com/files/images/story/2024/1729540866_0_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Chegg among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mike Grondahl</td>
<td>Northland Capital Markets</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$4.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Alex Fuhrman</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$3.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$3.75</td>
<td>$7.00</td>
</tr>
<tr>
<td>Josh Baer</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$3.00</td>
<td>$3.25</td>
</tr>
<tr>
<td>Mike Grondahl</td>
<td>Northland Capital Markets</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$6.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$2.00</td>
<td>$6.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Chegg. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Chegg compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Chegg's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Chegg's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CHGG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Chegg analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Chegg's Background</h2>
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.
<h3>Chegg: Financial Performance Dissected</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Chegg faced challenges, resulting in a decline of approximately -10.78% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Chegg's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -378.12%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Chegg's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -92.84%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -43.34%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Chegg's debt-to-equity ratio stands notably higher than the industry average, reaching 1.69. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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In-Depth Examination Of 6 Analyst Recommendations For Chegg

Northland Capital Markets analyst Mike Grondahl maintains Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Market Perform and lowers the price target from $6 to $4.

Northland Capital Markets Maintains Market Perform on Chegg, Lowers Price Target to $4

Craig-Hallum analyst Alex Fuhrman maintains Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Hold and lowers the price target from $7 to $3.

Craig-Hallum Maintains Hold on Chegg, Lowers Price Target to $3

Goldman Sachs analyst Eric Sheridan upgrades Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) from Sell to Neutral and lowers the price target from $7 to $3.75.

Upgrades

Goldman Sachs Upgrades Chegg to Neutral, Lowers Price Target to $3.75

Chegg, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) reported upbeat second-quarter financial results, but issued third-quarter revenue guidance <a href="https://www.benzinga.com/news/earnings/24/08/40173201/chegg-q2-earnings-revenue-eps-beat-but-soft-guidance-weighs-on-shares">below estimates on Monday</a>.
Chegg's second-quarter revenue decreased 11% year-over-year to $163.1 million, beating the consensus estimate of $159.98 million, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a> The company reported quarterly adjusted earnings of 28 cents per share, beating analyst estimates of 22 cents per share.
"Q2 has been transformational for Chegg, completing our restructure, outlining an exciting vision for the future, and completing the rollout of conversational instruction capability and automated solutions just in time for the back-to-school season," said Nathan Schultz, president and CEO of Chegg.
Chegg expects third-quarter revenue to be in the range of $133 million to $135 million. Subscription revenues are expected to be in the range of $116 million to $118 million. Third-quarter gross margin is expected to be between 67% and 68%. Chegg anticipates third-quarter adjusted EBITDA of $19 million to $21 million.
Chegg shares fell 22.5% to trade at $2.27 on Tuesday.
These analysts made changes to their price targets on Chegg following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/595e9280988ca80001bd91e0/arvind-ramnani">Piper Sandler analyst Arvind Ramnani</a> maintained Chegg with an Underweight rating, while lowering the price target from $6 to $2.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5b194212d1c31b0001216c22/mike-grondahl">Northland Capital Markets analyst Mike Grondahl </a>maintained the stock with a Market Perform and lowered the price target from $7 to $6.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e7b9f8a5f2b9b000115d436/josh-baer">Morgan Stanley analyst Josh Baer </a>maintained Chegg with an Equal-Weight rating, while cutting the price target from $3.25 to $3.</li>
</ul>
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Markets

These Analysts Slash Their Forecasts On Chegg After Q2 Results

Morgan Stanley analyst Josh Baer maintains Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) with a Equal-Weight and lowers the price target from $3.25 to $3.

Morgan Stanley Maintains Equal-Weight on Chegg, Lowers Price Target to $3

Pre-earnings options volume in Chegg (CHGG) is 12.2x normal with calls leading puts 17:2. Implied volatility suggests the market is anticipating a ...

Chegg options imply 28.2% move in share price post-earnings

Reports Q3 revenue $136.6M, consensus $134.12M. "While the global education industry continues to experience tremendous change, in Q3, we showed ea...

Chegg reports Q3 EPS 9c, consensus 8c

Chegg (CHGG) said: "In November 2024, our Board of Directors approved a $300.0 million increase to our existing securities repurchase program autho...

Chegg board approved $300M increase to repurchase program

Chegg Non-GAAP EPS of $0.09 beats by $0.02, revenue of $136.59M beats by $2.48M

Chegg issues gloomy outlook as AI weighs on sales, plans 21% cut in workforce

Chegg, Inc. (CHGG) Q3 2024 Earnings Call Transcript

KeyBanc analyst Jason Celino maintained a Hold rating on Chegg (CHGG – Research Report) today. The company's shares closed yesterday at $1.77. Celi...

KeyBanc Sticks to Its Hold Rating for Chegg (CHGG)

In a report released today, Josh Baer from Morgan Stanley maintained a Hold rating on Chegg (CHGG – Research Report), with a price target of $2.00....

Chegg Faces Challenges Amid Declining Revenue and Rising AI Competition

Northland analyst Mike Grondahl lowered the firm's price target on Chegg (CHGG) to $3 from $4 and keeps a Market Perform rating on the shares. Whil...

Chegg price target lowered to $3 from $4 at Northland

Chegg ($CHEGG) has announced a new round of layoffs, and according to its CEO, the rise of ChatGPT and Google's ($GOOGL) AI summaries are largely t...

Chegg (NYSE:CHGG) Announces Layoffs, CEO Blames ChatGPT and Google

GOOG

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Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chegg, Inc.- CHGG

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

Chegg Announces Board Changes

Chegg to Announce Third Quarter 2024 Financial Results

Busuu Launches New AI Conversation Practice Feature

Chegg Reports 2024 Third Quarter Earnings

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