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CHGG

29.84USD+1.73(+6.15%)Market Closed

Chegg Inc

Market Summary

USD29.84+1.73Market Closed
6.15%

CHGG Alerts

CHGG Stock Price

RSI Chart

Valuation

Market Cap

2.9B

Price/Earnings

65.27

Price/Sales

3.71

Price/Cashflow

10.58

MarketCap/EBT

56.98

Price/Sales

Profitability

Operating Margin

71.20%

EBT Margin

6.52%

Return on Equity

5.4%

Return on Assets

1.66%

Fundamentals

Revenue

Revenue (TTM)

769.2M

Revenue Y/Y

-4.19%

Revenue Q/Q

-15.4%

Earnings

Earnings (TTM)

289.1M

Earnings Y/Y

3.7K%

Earnings Q/Q

3.3K%

Price Action

52 Week Range

15.6637.64
(Low)(High)

Last 7 days

4.5%

Last 30 days

38.3%

Last 90 days

49.6%

Trailing 12 Months

7.2%

Financial Health

Current Ratio

10.81

Investor Care

Buy Backs (1Y)

13.43%

Diluted EPS (TTM)

1.5

Peers (Alternatives to Chegg)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
14.1B
12.6B
3.63% -6.85%
4.35
1.19
55.14% 95.35%
MID-CAP
9.7B
4.1B
17.88% 9.23%
12.61
2.32
1.33% -14.79%
8.7B
2.5B
17.53% -20.19%
25.09
3.46
32.27% 172.13%
6.7B
3.5B
6.22% 90.13%
12.03
1.92
- -
6.6B
3.8B
30.92% 3.27%
-10.09
1.7
11.71% 25.31%
5.2B
6.3B
6.31% -31.31%
24.84
0.83
26.07% -52.81%
3.7B
2.0B
13.59% -39.65%
41.89
1.99
17.00% 45.14%
3.1B
904.0M
12.36% 56.02%
15.84
3.48
2.32% -24.13%
3.0B
3.7B
3.18% 14.53%
19.95
0.86
19.72% -71.14%
2.9B
769.2M
38.34% 7.15%
65.27
3.71
-0.69% 103515.05%
SMALL-CAP
1.9B
1.4B
-0.24% 40.21%
5.95
1.31
43.91% 313.09%
1.7B
1.1B
19.43% 58.53%
36.04
1.6
-1.96% 2.91%
1.4B
1.7B
5.67% 3.75%
15.8
0.83
9.30% 70.77%
791.4M
678.9M
25.55% 45.69%
7.19
1.16
-3.61% -6.99%
245.4M
607.9M
0.31% -31.97%
-2.57
0.44
73.33% -741.61%

Financials for Chegg

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.9%769776780776775
Cost Of Revenue-9.8%202224239255256
Gross Profit2.7%567553542521518
Operating Expenses5.2%540514475443417
  S&GA Expenses3.4%14013512210596
  R&D Expenses1.1%198196185179178
Earnings Before Taxes152.0%128517869
Net Income554.4%2894469-1.460
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-9.7%2,3982,6552,6622,9193,187
  Current Assets-28.9%1,0321,4521,2471,6231,826
    Cash Equivalents-82.8%69402268854714
  Net PPE3.6%202195188170156
  Goodwill-4.4%590617641290290
Liabilities-26.4%1,3511,8361,8541,8121,833
  Current Liabilities6.8%143134155114134
Shareholder's Equity27.8%1,0478198091,1071,355
  Retained Earnings77.6%-72.41-323.97-331.45-337.19-361.50
  Additional Paid-In Capital0.8%1,2211,2121,1771,4491,717
Accumulated Depreciation-145----
Shares Outstanding-0.7%125126127137145
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-9.4%247272280273276
  Share Based Compensation8.0%131121119109101
Cashflow From Investing263.9%139-84.8036-365.77-724.38
Cashflow From Financing-64.3%-1,034.53-629.73-708.34467634
  Buy Backs3.8%6246006003000
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on CHGG?

83.8%


Probability that Chegg stock will be more than 20% underwater in next one year

58.9%


Probability that Chegg stock will be more than 30% underwater in next one year.

23.1%


Probability that Chegg stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CHGG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Chegg was unfortunately bought at previous high price.

Returns

Cumulative Returns on CHGG

22.5%


7-Year Cumulative Returns

14.1%


5-Year Cumulative Returns

-8.4%


3-Year Cumulative Returns

What are the long-term rolling returns for CHGG?

FIve years rolling returns for Chegg.

Which funds bought or sold CHGG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
4,469,000
4,469,000
0.05%
2022-11-21
Parallax Volatility Advisers, L.P.
NEW
-
6,000
6,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-10.09
29,000
3,318,000
0.01%
2022-11-18
RIVER & MERCANTILE ASSET MANAGEMENT LLP
REDUCED
-8.87
25,000
1,103,000
0.21%
2022-11-16
ASHFORD CAPITAL MANAGEMENT INC
ADDED
61.08
7,457,000
16,697,000
2.55%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-32,000
-
-%
2022-11-15
JANE STREET GROUP, LLC
NEW
-
2,595,000
2,595,000
-%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO
UNCHANGED
-
1,003,000
9,231,000
0.05%
2022-11-15
Sylebra Capital Ltd
ADDED
101.73
21,702,000
38,881,000
0.98%

1–10 of 28

Latest Funds Activity

Are funds buying CHGG calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own CHGG

Chegg News

MarketBeat

Chegg, Inc. (NYSE:CHGG) Receives Consensus Rating of "Hold" from Analysts.18 hours ago

InvestorsObserver

CHGG Fair Value

Recent SEC filings of Chegg

View All Filings
Date Filed Form Type Document
Nov 17, 2022
4
Insider Trading
Nov 01, 2022
10-Q
Quarterly Report
Nov 01, 2022
8-K
Current Report
Oct 20, 2022
8-K
Current Report
Sep 06, 2022
4
Insider Trading
Sep 06, 2022
4
Insider Trading
Sep 06, 2022
4
Insider Trading
Sep 06, 2022
4
Insider Trading
Sep 06, 2022
4
Insider Trading
Aug 29, 2022
8-K
Current Report

Latest Insider Trading transactions for CHGG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-15
LEBLANC PAUL
SOLD
-360,920
28
-12,890
-
2022-09-01
Lem Esther
SOLD (Taxes)
-66,254
19.95
-3,321
CHIEF MARKETING OFFICER
2022-09-01
FILLMORE JOHN PAUL
SOLD (Taxes)
-90,772.5
19.95
-4,550
PRESIDENT, CHEGG SKILLS
2022-09-01
Schultz Nathan J.
SOLD (Taxes)
-133,286
19.95
-6,681
PRESIDENT OF LEARNING SERVICES
2022-09-01
BROWN ANDREW J
SOLD (Taxes)
-133,286
19.95
-6,681
CHIEF FINANCIAL OFFICER
2022-09-01
ROSENSWEIG DANIEL
SOLD (Taxes)
-287,938
19.95
-14,433
PRESIDENT, CEO & CO-CHAIRMAN
2022-06-01
ROSENSWEIG DANIEL
SOLD (Taxes)
-270,474
18.74
-14,433
PRESIDENT, CEO & CO-CHAIRMAN
2022-06-01
SARNOFF RICHARD
ACQUIRED
-
-
18,676
-
2022-06-01
Schultz Nathan J.
SOLD (Taxes)
-125,164
18.74
-6,679
PRESIDENT OF LEARNING SERVICES
2022-06-01
LEBLANC PAUL
ACQUIRED
-
-
10,672
-

1–10 of 50

Daniel L. Rosensweig
1740
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 and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its 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 Solver services, which creates an integrated platform of connected academic support services; 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; and Thinkful, a skills-based learning platform that offers professional courses along with networking, interviewing, and career services. The company also provides other services, such as Chegg Life, Chegg Prep, and Chegg Internships; provides personal and professional development skills training; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

CHGG Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Net revenues$ 164,739$ 171,942$ 561,704$ 568,798
Cost of revenues45,20367,102145,972199,194
Gross profit119,536104,840415,732369,604
Operating expenses:    
Research and development45,42643,269150,321130,995
Sales and marketing31,80327,239109,58075,139
General and administrative53,74233,971154,547111,560
Total operating expenses130,971104,479414,448317,694
(Loss) income from operations(11,435)3611,28451,910
Interest expense, net and other income (expense), net:    
Interest expense, net(1,525)(1,633)(4,738)(5,263)
Other income (expense), net97,2588,670105,247(66,618)
Total interest expense, net and other income (expense), net95,7337,037100,509(71,881)
Income (loss) before benefit from (provision for) income taxes84,2987,398101,793(19,971)
Benefit from (provision for) income taxes167,264(747)162,987(5,793)
Net income (loss)$ 251,562$ 6,651$ 264,780$ (25,764)
Net income (loss) per share    
Basic (in dollars per share)$ 1.99$ 0.05$ 2.07$ (0.18)
Diluted (in dollars per share)$ 1.23$ 0.05$ 1.31$ (0.18)
Weighted average shares used to compute net income (loss) per share    
Basic (in shares)126,132144,746128,166140,775
Diluted (in shares)148,045146,699151,221140,775

CHGG Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 69,349$ 854,078
Short-term investments871,408691,781
Accounts receivable, net of allowance of $298 and $153 at September 30, 2022 and December 31, 2021, respectively22,18717,850
Prepaid expenses33,44135,093
Other current assets35,19623,846
Total current assets1,031,5811,622,648
Long-term investments286,781745,993
Textbook library, net011,241
Property and equipment, net202,362169,938
Goodwill589,702289,763
Intangible assets, net80,64640,566
Right of use assets18,14418,062
Deferred tax assets166,9651,365
Other assets21,68019,670
Total assets2,397,8612,919,246
Current liabilities  
Accounts payable14,90211,992
Deferred revenue60,47535,143
Accrued liabilities68,09667,209
Total current liabilities143,473114,344
Long-term liabilities  
Convertible senior notes, net1,187,5131,678,155
Long-term operating lease liabilities12,34712,447
Other long-term liabilities7,9967,383
Total long-term liabilities1,207,8561,697,985
Total liabilities1,351,3291,812,329
Commitments and contingencies (Note 9)
Stockholders' equity:  
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized, no shares issued and outstanding00
Common stock, $0.001 par value per share: 400,000,000 shares authorized; 125,423,860 and 136,951,956 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively125137
Additional paid-in capital1,220,6881,449,305
Accumulated other comprehensive loss(101,870)(5,334)
Accumulated deficit(72,411)(337,191)
Total stockholders' equity1,046,5321,106,917
Total liabilities and stockholders' equity$ 2,397,861$ 2,919,246