CHGG - Chegg Inc Stock Price, Fair Value and News

4.97USD-0.09 (-1.78%)Market Closed

Market Summary

USD4.97-0.09

Market Closed

-1.78%

CHGG Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

CHGG Stock Price

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CHGG RSI Chart

CHGG Valuation

Market Cap

517.2M

Price/Earnings (Trailing)

35.49

Price/Sales (Trailing)

0.74

EV/EBITDA

7.86

Price/Free Cashflow

3.9

CHGG Price/Sales (Trailing)

CHGG Profitability

Operating Margin

68.24%

EBT Margin

7.34%

Return on Equity

1.51%

Return on Assets

0.84%

Free Cashflow Yield

25.61%

CHGG Fundamentals

CHGG Revenue

Revenue (TTM)

703.0M

Rev. Growth (Yr)

-7.06%

Rev. Growth (Qtr)

-7.25%

CHGG Earnings

Earnings (TTM)

14.6M

Earnings Growth (Yr)

-164.96%

Earnings Growth (Qtr)

-114.69%

Breaking Down CHGG Revenue

52 Week Range

5.18

(Low)(High)

Last 7 days

-1.7%

Last 30 days

-28.7%

Last 90 days

-40.9%

Trailing 12 Months

-49.7%

How does CHGG drawdown profile look like?

CHGG Financial Health

Current Ratio

0.92

CHGG Investor Care

Buy Backs (1Y)

14.62%

Diluted EPS (TTM)

-0.38

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	703.0M	0	0	0
2023	752.3M	740.4M	733.5M	716.3M
2022	780.1M	776.4M	769.2M	766.9M
2021	711.1M	756.6M	774.5M	776.3M
2020	445.1M	504.3M	564.1M	644.3M
2019	341.5M	361.2M	381.1M	410.9M
2018	269.4M	287.3M	298.9M	321.1M
2017	250.0M	253.3M	244.6M	255.1M
2016	283.2M	269.1M	259.2M	254.1M
2015	315.3M	317.9M	317.6M	301.4M
2014	269.0M	277.6M	297.5M	304.8M
2013	223.9M	234.5M	245.0M	255.6M
2012	0	0	0	213.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Chegg Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 12, 2024	longo david	sold (taxes)	-11,704	7.15	-1,637	cfo & treasurer
Apr 12, 2024	longo david	acquired	-	-	265,734	cfo & treasurer
Mar 13, 2024	schultz nathan j.	sold (taxes)	-77,769	8.02	-9,697	chief operating officer
Mar 12, 2024	rosensweig daniel	sold (taxes)	-574,986	8.02	-71,694	president, ceo & co-chairman
Mar 12, 2024	schultz nathan j.	sold (taxes)	-216,404	8.02	-26,983	chief operating officer
Mar 01, 2024	schultz nathan j.	sold (taxes)	-14,400	9.04	-1,593	chief operating officer
Mar 01, 2024	rosensweig daniel	sold (taxes)	-31,197	9.04	-3,451	president, ceo & co-chairman
Feb 21, 2024	schultz nathan j.	gifted	-	-	-161,647	chief operating officer
Jan 12, 2024	longo david	sold (taxes)	-14,696	11.1	-1,324	chief accounting officer
Dec 14, 2023	brown andrew j	sold (taxes)	-13,229	10.55	-1,254	chief financial officer

Which funds bought or sold CHGG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	sold off	-100	-241,616	-	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-40,896	-	-%
May 06, 2024	Empowered Funds, LLC	added	8.18	-961,805	2,484,170	0.04%
May 06, 2024	Van Hulzen Asset Management, LLC	unchanged	-	-156,000	310,000	0.02%
May 06, 2024	Jefferies Financial Group Inc.	sold off	-100	-74,750	-	-%
May 06, 2024	Manchester Capital Management LLC	unchanged	-	-12.00	23.00	-%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-582,000	-	-%
May 06, 2024	Quantbot Technologies LP	added	98.27	281,642	1,158,410	0.06%
May 06, 2024	Parallel Advisors, LLC	added	16.13	-15,283	52,309	-%
May 03, 2024	VICTORY CAPITAL MANAGEMENT INC	reduced	-67.42	-1,300,940	360,832	-%

Are Funds Buying or Selling CHGG?

Are funds buying CHGG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CHGG

No. of Funds

Unveiling Chegg Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 07, 2024	blackrock inc.	10.4%	10,689,906	SC 13G/A
Feb 15, 2024	d. e. shaw & co, l.p.	5.5%	5,637,084	SC 13G
Feb 14, 2024	sylebra capital llc	8.13%	9,410,827	SC 13G
Feb 13, 2024	vanguard group inc	10.04%	11,630,011	SC 13G/A
Jan 24, 2024	blackrock inc.	9.3%	10,718,187	SC 13G/A
Jan 08, 2024	baillie gifford & co	4.04%	4,682,387	SC 13G/A
Jun 06, 2023	baillie gifford & co	8.92%	10,683,328	SC 13G/A
May 10, 2023	vanguard group inc	10.15%	12,147,538	SC 13G/A
Feb 09, 2023	vanguard group inc	9.84%	12,348,415	SC 13G/A
Feb 03, 2023	blackrock inc.	7.2%	9,026,981	SC 13G

Recent SEC filings of Chegg Inc

View All Filings

Date Filed	Form Type	Document
Apr 29, 2024	10-Q	Quarterly Report
Apr 29, 2024	8-K	Current Report
Apr 29, 2024	DEFA14A	DEFA14A
Apr 19, 2024	ARS	ARS
Apr 19, 2024	DEF 14A	DEF 14A
Apr 19, 2024	DEFA14A	DEFA14A
Apr 16, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 07, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Chegg Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MID-CAP
LOPE	4.2B	985.4M	5.58%	25.07%	19.49	4.22	7.43%	14.39%
GHC	3.3B	4.5B	-1.40%	29.87%	12	0.73	12.24%	1069.12%
LRN	3.1B	2.0B	17.04%	74.82%	16.88	1.57	9.97%	65.59%
STRA	3.0B	1.2B	17.09%	45.78%	29.37	2.56	9.72%	169.91%
LAUR	2.5B	1.5B	6.61%	32.30%	19.84	1.63	17.48%	41.53%
COUR	1.5B	657.2M	-30.06%	-14.41%	-14.33	2.3	19.28%	37.77%
SMALL-CAP
ATGE	2.4B	1.5B	24.54%	51.90%	21.63	1.54	6.35%	38.51%
CHGG	517.2M	703.0M	-28.75%	-49.70%	35.49	0.74	-6.54%	-94.46%
LINC	374.2M	394.2M	17.06%	92.69%	14.45	0.95	11.65%	111.32%
APEI	266.8M	605.3M	14.60%	179.45%	-5.66	0.44	0.67%	63.07%

Chegg Inc News

Latest updates

Chegg Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-7.3%	174	188	158	183	188	205	165	195	202	207	172	198	198	206	154	153	132	126	94.00	94.00	97.00
Cost Of Revenue	1.5%	46.00	46.00	84.00	47.00	49.00	51.00	45.00	46.00	55.00	56.00	67.00	61.00	71.00	57.00	62.00	44.00	42.00	26.00	22.00	21.00	23.00
Gross Profit	-10.1%	128	142	74.00	135	138	154	120	149	147	152	105	138	127	149	92.00	109	89.00	99.00	72.00	73.00	74.00
Operating Expenses	1.1%	130	129	132	154	143	146	131	142	142	126	104	103	110	99.00	109	87.00	86.00	82.00	77.00	67.00	75.00
S&GA Expenses	2.1%	30.00	30.00	29.00	31.00	37.00	38.00	32.00	35.00	42.00	30.00	27.00	22.00	26.00	21.00	25.00	16.00	20.00	16.00	17.00	12.00	19.00
R&D Expenses	-2.8%	44.00	46.00	46.00	53.00	47.00	46.00	45.00	52.00	52.00	48.00	43.00	42.00	46.00	47.00	44.00	40.00	40.00	39.00	36.00	32.00	33.00
EBITDA Margin	6.0%	0.07*	0.06*	0.13*	0.27*	0.22*	0.22*	0.25*	0.15*	0.18*	0.09*	0.06*	-0.01*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.2%	-0.65	-0.66	-0.73	-1.11	-1.27	-1.30	-1.52	-1.62	-1.60	-1.63	-1.63	-1.70	-1.93	-21.98	-17.47	-13.42	-13.43	-13.56	-13.55	-13.51	-4.23
Income Taxes	11.8%	9.00	8.00	0.00	20.00	4.00	0.00	-167	0.00	4.00	1.00	1.00	2.00	3.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Earnings Before Taxes	-57.0%	8.00	18.00	-18.11	44.00	6.00	2.00	84.00	8.00	10.00	26.00	7.00	35.00	-62.36	29.00	-36.07	12.00	-5.19	9.00	-10.85	-1.45	-3.69
EBT Margin	4.5%	0.07*	0.07*	0.05*	0.19*	0.13*	0.14*	0.17*	0.07*	0.10*	0.01*	0.01*	-0.05*	-	-	-	-	-	-	-	-	-
Net Income	-114.7%	-1.42	10.00	-18.28	25.00	2.00	2.00	252	7.00	6.00	24.00	7.00	33.00	-65.18	26.00	-37.14	11.00	-5.71	8.00	-11.48	-2.03	-4.32
Net Income Margin	-18.3%	0.02*	0.03*	0.01*	0.38*	0.35*	0.35*	0.38*	0.06*	0.09*	0.00*	0.00*	-0.06*	-	-	-	-	-	-	-	-	-
Free Cashflow	-51.1%	25.00	52.00	9.00	46.00	56.00	50.00	16.00	36.00	51.00	38.00	43.00	43.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.3%	1,733	1,727	1,805	1,969	2,362	2,465	2,398	2,655	2,662	2,919	3,187	3,151	3,194	2,251	2,342	1,540	1,495	1,489	1,464	1,416	1,309
Current Assets	12.3%	466	415	348	447	637	1,144	1,032	1,452	1,247	1,623	1,826	2,116	1,936	1,183	1,299	742	808	807	844	848	1,019
Cash Equivalents	5.9%	144	136	94.00	175	281	476	69.00	402	268	854	714	840	656	482	528	285	359	389	450	556	915
Net PPE	2.9%	188	183	169	198	201	204	202	195	188	170	156	150	134	126	113	106	98.00	87.00	78.00	77.00	73.00
Goodwill	-0.5%	629	632	618	630	623	615	590	617	641	290	290	291	291	285	285	285	214	215	65.00	149	149
Liabilities	-1.7%	769	783	771	934	1,355	1,349	1,351	1,836	1,854	1,812	1,833	1,813	1,950	1,642	1,696	1,042	1,032	990	995	956	881
Current Liabilities	-2.6%	505	518	150	143	140	139	143	134	155	114	134	114	251	110	143	90.00	102	71.00	89.00	64.00	73.00
Shareholder's Equity	2.0%	963	945	1,033	1,035	1,007	1,117	1,047	819	809	1,107	1,355	1,338	1,243	610	645	498	463	499	469	460	428
Retained Earnings	-2.7%	-53.79	-52.37	-62.04	-43.75	-68.37	-70.55	-72.41	-323	-331	-337	-361	-368	-400	-422	-448	-411	-422	-416	-424	-413	-411
Additional Paid-In Capital	2.5%	1,058	1,032	1,152	1,122	1,120	1,245	1,221	1,212	1,177	1,449	1,717	1,707	1,645	1,031	1,093	908	890	916	895	873	840
Shares Outstanding	-1.2%	102	103	116	115	124	126	128	126	132	141	145	139	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	999	-	-	-	2,324	-	-	-	11,840	-	-	-	8,183	-	-	-	4,480	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-31.2%	53.00	77.00	33.00	63.00	73.00	74.00	38.00	64.00	80.00	65.00	64.00	71.00	74.00	68.00	46.00	59.00	63.00	27.00	39.00	30.00	18.00
Share Based Compensation	-8.2%	29.00	32.00	32.00	36.00	34.00	35.00	34.00	31.00	33.00	33.00	25.00	29.00	23.00	25.00	22.00	20.00	18.00	18.00	17.00	15.00	15.00
Cashflow From Investing	-136.0%	-40.81	113	26.00	236	-106	343	56.00	69.00	-363	377	-167	190	-764	18.00	-572	-131	-47.26	-93.04	-145	-477	13.00
Cashflow From Financing	97.1%	-4.29	-149	-138	-404	-158	-11.85	-426	1.00	-307	-301	-22.04	-77.26	868	-133	769	-1.90	-44.17	4.00	2.00	89.00	508
Buy Backs	-100.0%	-	148	-	35.00	151	-	23.00	-	300	300	-	-	-	-	-	-	-	-	-	-	20.00

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CHGG Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net revenues	$ 174,350	$ 187,601
Cost of revenues	46,497	49,150
Gross profit	127,853	138,451
Operating expenses:
Research and development	44,435	46,907
Sales and marketing	30,375	37,017
General and administrative	55,534	58,973
Total operating expenses	130,344	142,897
Loss from operations	(2,491)	(4,446)
Interest expense, net and other income, net:
Interest expense, net	(650)	(1,268)
Other income, net	10,780	12,076
Total interest expense, net and other income, net	10,130	10,808
Income before provision for income taxes	7,639	6,362
Provision for income taxes	(9,059)	(4,176)
Net (loss) income	$ (1,420)	$ 2,186
Net (loss) income per share
Basic (in dollars per share)	$ (0.01)	$ 0.02
Diluted (in dollars per share)	$ (0.01)	$ 0.02
Weighted average shares used to compute net (loss) income per share
Basic (in shares)	102,343	123,710
Diluted (in shares)	102,343	124,304

CHGG Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 143,747	$ 135,757
Short-term investments	247,013	194,257
Accounts receivable, net of allowance of $290 and $376 at March 31, 2024 and December 31, 2023, respectively	24,741	31,404
Prepaid expenses	20,429	20,980
Other current assets	30,010	32,437
Total current assets	465,940	414,835
Long-term investments	221,665	249,547
Property and equipment, net	188,430	183,073
Goodwill	628,784	631,995
Intangible assets, net	48,143	52,430
Right of use assets	23,521	25,130
Deferred tax assets	140,200	141,843
Other assets	15,961	28,382
Total assets	1,732,644	1,727,235
Current liabilities
Accounts payable	20,119	28,184
Deferred revenue	54,056	55,336
Accrued liabilities	73,555	77,863
Current portion of convertible senior notes, net	357,458	357,079
Total current liabilities	505,188	518,462
Long-term liabilities
Convertible senior notes, net	242,919	242,758
Long-term operating lease liabilities	16,460	18,063
Other long-term liabilities	4,603	3,334
Total long-term liabilities	263,982	264,155
Total liabilities	769,170	782,617
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.001 par value per share: 400,000,000 shares authorized; 101,569,933 and 102,823,700 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	102	103
Additional paid-in capital	1,057,837	1,031,627
Accumulated other comprehensive loss	(40,672)	(34,739)
Accumulated deficit	(53,793)	(52,373)
Total stockholders' equity	963,474	944,618
Total liabilities and stockholders' equity	$ 1,732,644	$ 1,727,235

About Chegg Inc

Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support learner with their academic course materials. The company offers Chegg Services, which include subscription services; and skills and other, including skills, advertising services, print textbooks, and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, and Chegg Math services, which creates an integrated platform of connected academic support services; and Busuu, an online language learning solution that offers a comprehensive solution through a combination of self-paced lessons, live classes with expert tutors, and the ability to learn and practice with members of the Busuu language learning community. The company also provides skills-based learning platform that offers professional courses along with networking, interviewing, and career services; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

CEO	Mr. Daniel Lee Rosensweig
WEBSITE	chegg.com
INDUSTRY	Education & Training Services
EMPLOYEES	3073

Chegg Inc Frequently Asked Questions

What is the ticker symbol for Chegg Inc? What does CHGG stand for in stocks?

CHGG is the stock ticker symbol of Chegg Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Chegg Inc (CHGG)?

As of Tue May 07 2024, market cap of Chegg Inc is 517.22 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CHGG stock?

You can check CHGG's fair value in chart for subscribers.

What is the fair value of CHGG stock?

You can check CHGG's fair value in chart for subscribers. The fair value of Chegg Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Chegg Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CHGG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Chegg Inc a good stock to buy?

The fair value guage provides a quick view whether CHGG is over valued or under valued. Whether Chegg Inc is cheap or expensive depends on the assumptions which impact Chegg Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CHGG.

What is Chegg Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, CHGG's PE ratio (Price to Earnings) is 35.49 and Price to Sales (PS) ratio is 0.74. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CHGG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Chegg Inc's stock?

In the past 10 years, Chegg Inc has provided -0.002 (multiply by 100 for percentage) rate of return.