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Chegg Inc Stock Research

CHGG

8.73USD-0.11(-1.24%)Market Closed
Watchlist

Market Summary

USD8.73-0.11
Market Closed
-1.24%

CHGG Alerts

  • Big jump in Earnings (Y/Y)

CHGG Stock Price

CHGG RSI Chart

CHGG Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

3.59

Price/Sales (Trailing)

1.36

EV/EBITDA

6.29

Price/Free Cashflow

5.98

CHGG Price/Sales (Trailing)

CHGG Profitability

Operating Margin

74.55%

EBT Margin

13.34%

Return on Equity

26.13%

Return on Assets

11.14%

Free Cashflow Yield

16.73%

CHGG Fundamentals

CHGG Revenue

Revenue (TTM)

740.4M

Revenue Y/Y

-6.09%

Revenue Q/Q

-2.53%

CHGG Earnings

Earnings (TTM)

280.2M

Earnings Y/Y

229.21%

Earnings Q/Q

1.0K%

Price Action

52 Week Range

8.5530.05
(Low)(High)

Last 7 days

-7.6%

Last 30 days

-12.4%

Last 90 days

-1.1%

Trailing 12 Months

-57.4%

CHGG Financial Health

Current Ratio

4.56

CHGG Investor Care

Buy Backs (1Y)

8.79%

Diluted EPS (TTM)

1.17

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for CHGG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-13
Schultz Nathan J.
sold
-15,562
10.06
-1,547
chief operating officer
2023-09-12
Schultz Nathan J.
sold (taxes)
-37,906
10.06
-3,768
chief operating officer
2023-09-12
ROSENSWEIG DANIEL
sold (taxes)
-91,696
10.06
-9,115
president, ceo & co-chairman
2023-09-12
BROWN ANDREW J
sold (taxes)
-37,906
10.06
-3,768
chief financial officer
2023-09-05
Schultz Nathan J.
sold
-8,671
10.6013
-818
chief operating officer
2023-09-01
BROWN ANDREW J
sold (taxes)
-15,364
10.64
-1,444
chief financial officer
2023-09-01
Schultz Nathan J.
sold (taxes)
-15,364
10.64
-1,444
chief operating officer
2023-09-01
ROSENSWEIG DANIEL
sold (taxes)
-45,326
10.64
-4,260
president, ceo & co-chairman
2023-07-12
Longo David
sold (taxes)
-10,488
9.39
-1,117
chief accounting officer
2023-06-14
Schultz Nathan J.
sold
-18,823
10.7501
-1,751
chief operating officer

1–10 of 50

Which funds bought or sold CHGG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Jefferies Group LLC
new
-
167,127
167,127
-%
2023-09-20
BARCLAYS PLC
added
12.3
-1,247,000
1,965,000
-%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
-22.00
27.00
-%
2023-08-22
COMERICA BANK
new
-
33,000
33,000
-%
2023-08-22
COMERICA BANK
new
-
-
-
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
added
14.83
-209,960
350,760
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-52.6
-733,431
255,300
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-18.74
-2,035,000
1,617,000
0.02%
2023-08-21
OSAIC HOLDINGS, INC.
unchanged
-
-144
2,996
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-7.29
-1,262,700
1,288,510
-%

1–10 of 24

Latest Funds Activity

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

Schedule 13G FIlings of Chegg

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 18, 2023
baillie gifford & co
14.29%
17,929,525
SC 13G/A
Feb 09, 2022
vanguard group inc
8.53%
12,370,191
SC 13G/A
Feb 04, 2022
artisan partners limited partnership
3.6%
5,184,688
SC 13G/A
Jan 12, 2022
baillie gifford & co
13.11%
19,009,007
SC 13G/A
Dec 10, 2021
blackrock inc.
4.6%
6,673,444
SC 13G/A
Feb 10, 2021
artisan partners limited partnership
5.8%
7,472,262
SC 13G

Recent SEC filings of Chegg

View All Filings
Date Filed Form Type Document
Sep 14, 2023
4
Insider Trading
Sep 14, 2023
4
Insider Trading
Sep 14, 2023
4
Insider Trading
Sep 13, 2023
144
Notice of Insider Sale Intent
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 05, 2023
144
Notice of Insider Sale Intent
Aug 23, 2023
8-K
Current Report
Aug 07, 2023
8-K
Current Report

Peers (Alternatives to Chegg)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
12.9B
14.8B
-15.40% 21.72%
34.35
0.87
24.74% -88.46%
10.5B
4.9B
-4.73% 38.54%
1.5K
2.14
26.04% 101.07%
MID-CAP
10.0B
2.9B
6.13% 16.78%
34.79
3.47
17.20% -8.79%
8.6B
4.0B
-10.54% -0.33%
17.54
2.12
-3.19% -36.23%
4.8B
2.2B
-12.29% 47.08%
74.45
2.17
18.83% -26.84%
3.5B
928.1M
1.74% 43.57%
18.64
3.81
2.89% -12.22%
3.4B
6.6B
-6.76% -15.76%
4.63
0.52
4.51% 252.90%
2.7B
4.2B
0.12% 9.77%
12.63
0.64
19.67% 40.01%
1.9B
1.1B
-4.00% 23.16%
50.54
1.72
0.26% -23.35%
1.0B
740.4M
-12.44% -57.44%
3.59
1.36
-4.64% 534.34%
-
3.5B
6.32% -2.84%
-
-
0.26% 0.00%
SMALL-CAP
2.0B
1.8B
10.29% 9.05%
15.4
1.06
8.93% 18.42%
1.8B
1.5B
-1.10% 21.43%
19.52
1.26
4.69% -70.42%
1.2B
726.7M
7.63% 73.62%
9.1
1.59
6.17% 15.53%
89.0M
598.9M
-6.88% -45.01%
-1.32
0.15
7.59% 29.57%

Chegg News

Best Stocks
Chegg, Inc.: A Hold-Rated Direct-to-Student Learning Platform with ....
Best Stocks,
28 hours ago
InvestorsObserver
Yahoo Finance
Chegg Is Coming Out of the Freezer.
Yahoo Finance,
24 days ago
InvestorPlace
InvestorPlace
The Seattle Times
The Motley Fool
Follow the Cash: Celsius, Chegg, Nelnet.
The Motley Fool,
44 days ago

Returns for CHGG

Cumulative Returns on CHGG

2.9%


7-Year Cumulative Returns

-21.0%


5-Year Cumulative Returns

-50.0%


3-Year Cumulative Returns

Risks for CHGG

What is the probability of a big loss on CHGG?

100%


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

75.8%


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

40%


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.

Drawdowns

Financials for Chegg

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-1.6%740,386,000752,254,000766,897,000769,171,000776,374,000780,131,000776,265,000774,519,000756,595,000711,126,000644,338,000564,121,000504,254,000445,107,000410,926,000381,098,000361,184,000341,544,000321,084,000298,915,000287,318,000
Cost Of Revenue0.9%193,189,000191,461,000197,396,000201,682,000223,581,000238,605,000254,904,000256,327,000251,595,000234,411,000205,417,000174,449,000134,243,000111,237,00092,182,00088,087,00085,841,00083,107,00079,996,00077,307,00079,745,000
Gross Profit-2.4%547,197,000560,793,000569,501,000567,489,000552,793,000541,526,000521,361,000518,192,000505,000,000476,715,000438,921,000389,672,000370,011,000333,870,000318,744,000293,011,000275,343,000258,437,000241,088,000221,608,000207,573,000
Operating Expenses2.2%574,101,000561,658,000560,544,000540,008,000513,516,000474,822,000443,254,000417,064,000422,035,000406,459,000382,168,000365,051,000332,645,000311,750,000300,927,000284,736,000272,444,000263,064,000247,308,000232,361,000219,053,000
  S&GA Expenses-3.0%137,856,000142,179,000147,660,000139,855,000135,291,000121,698,000105,414,00096,432,00093,818,00087,890,00081,914,00076,856,00069,053,00065,090,00063,569,00059,585,00058,453,00058,095,00054,714,00053,457,00051,951,000
  R&D Expenses0.2%191,521,000191,129,000196,637,000198,147,000195,990,000185,105,000178,821,000177,944,000178,716,000177,495,000170,905,000162,529,000154,930,000146,621,000139,772,000134,694,000127,297,000121,450,000114,291,000103,645,00094,476,000
EBITDA-100.0%-94,638,00097,906,000121,132,00044,124,000121,092,00048,443,000---80,227,000-34,558,000-54,045,000-24,905,000-38,316,000-27,622,000-29,160,000-21,526,000----
EBITDA Margin-100.0%-0.130.130.160.060.160.06---0.11-0.05-0.10-0.05-0.09-0.07-0.08-0.06----
Interest Expenses8.8%-5,209,000-5,711,000-6,040,000-6,371,000-6,479,000-6,564,000-6,896,000-27,240,000-43,075,000-54,799,000-66,297,000-57,877,000-53,957,000-54,046,000-44,851,000-35,063,000-25,287,000-15,437,000-11,225,000-7,474,000-3,721,000
Earnings Before Taxes36.6%137,106,000100,349,000103,946,000127,503,00050,603,00078,056,0005,739,0008,557,000-34,915,000-58,028,000-861,000-20,368,0004,852,000-8,470,000-6,971,000-10,897,000-13,039,000-15,074,000-13,458,000-15,053,000-12,975,000
EBT Margin-100.0%-0.130.140.170.070.100.010.01-0.05-0.080.00-0.040.01-0.02-0.02------
Net Income6.5%280,218,000263,082,000266,638,000289,086,00044,175,00069,463,000-1,458,000279,000-43,512,000-65,687,000-6,221,000-24,045,0001,618,000-11,000,000-9,605,000-12,477,000-14,709,000-16,589,000-14,888,000-16,576,000-14,383,000
Net Income Margin-100.0%-0.350.350.380.060.090.000.00-0.06-0.09-0.01-0.040.00-0.02-0.02------
Free Cashflow-100.0%-158,136,000152,644,000140,521,000167,607,000174,957,000179,044,000184,924,000173,937,000166,712,000155,125,000127,220,000125,816,000110,198,00071,077,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-16.7%1,9692,3622,4652,3982,6552,6622,9193,1873,1513,1942,2512,3421,5401,4951,4891,4641,4161,309761752721
  Current Assets-29.9%4476371,1441,0321,4521,2471,6231,8262,1161,9361,1831,2997428088078448481,019495502490
    Cash Equivalents-37.7%17528147469.00402268856714840656480528285359389450556915376379385
  Net PPE-1.5%19820120420219518817015615013412611310698.0087.0078.0077.0073.0060.0053.0052.00
  Goodwill1.1%63062361559061764129029029129128528528521421565.0014914915015014.00
Liabilities-31.1%9341,3551,3491,3511,8361,8541,8121,8331,8131,9501,6421,6961,0421,032990995956881350364332
  Current Liabilities2.3%14314013914313415511413411425111014390.0010271.0089.0064.0073.0060.0077.0049.00
Shareholder's Equity2.8%1,0351,0071,1171,0478198091,1071,3551,3381,243610645498463499469460428411389389
  Retained Earnings36.0%-43.75-68.37-70.55-72.41-323-331-337-361-368-400-422-448-411-422-416-424-413-411-406-411-398
  Additional Paid-In Capital0.1%1,1221,1201,2451,2211,2121,1771,4491,7171,7071,6451,0311,093908890916895873840818801787
Shares Outstanding-3.7%115120126125126132137145143134129126124122122120119117113114112
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-0.4%24824925624727228027327625924723619518815811311799.0087.0075.0066.0059.00
  Share Based Compensation3.6%13913413313112111910910198.0089.0084.0077.0072.0068.0065.0062.0059.0055.0052.0048.0045.00
Cashflow From Investing46.2%528361105139-84.8036.00-365-724-1,129-1,450-732-843-417-763-703-646-528-73.61-82.55-71.42-149
Cashflow From Financing-68.1%-1,002-596-744-1,034-629-7084676341,4251,500589726-40.4951.00604602600795256262410
  Buy Backs20.1%209174324624600600300-------20.0020.0020.0040.0020.0027.0027.00

CHGG Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Net revenues$ 182,853$ 194,721$ 370,454$ 396,965
Cost of revenues47,41245,68496,562100,769
Gross profit135,441149,037273,892296,196
Operating expenses:    
Research and development52,87252,48099,779104,895
Sales and marketing30,95635,27967,97377,777
General and administrative70,30953,935129,282100,805
Total operating expenses154,137141,694297,034283,477
(Loss) income from operations(18,696)7,343(23,142)12,719
Interest expense, net and other income, net:    
Interest expense, net(1,114)(1,616)(2,382)(3,213)
Other income, net64,1031,80976,1797,989
Total interest expense, net and other income, net62,98919373,7974,776
Income before provision for income taxes44,2937,53650,65517,495
Provision for income taxes(19,681)(60)(23,857)(4,277)
Net income$ 24,612$ 7,476$ 26,798$ 13,218
Net income (loss) per share    
Basic (in dollars per share)$ 0.21$ 0.06$ 0.22$ 0.10
Diluted (in dollars per share)$ (0.11)$ 0.06$ (0.08)$ 0.10
Weighted average shares used to compute net income (loss) per share    
Basic (in shares)117,977126,272120,828129,201
Diluted (in shares)132,944149,574137,416129,934

CHGG Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 175,368$ 473,677
Short-term investments209,686583,973
Accounts receivable, net of allowance of $224 and $394 at June 30, 2023 and December 31, 2022, respectively20,67023,515
Prepaid expenses18,62028,481
Other current assets22,37234,754
Total current assets446,7161,144,400
Long-term investments422,758216,233
Property and equipment, net198,318204,383
Goodwill629,564615,093
Intangible assets, net67,63078,333
Right of use assets28,26718,838
Deferred tax assets146,790167,524
Other assets28,49220,612
Total assets1,968,5352,465,416
Current liabilities  
Accounts payable12,95412,367
Deferred revenue53,20056,273
Accrued liabilities76,65770,234
Total current liabilities142,811138,874
Long-term liabilities  
Convertible senior notes, net767,0431,188,593
Long-term operating lease liabilities21,25313,375
Other long-term liabilities2,4277,985
Total long-term liabilities790,7231,209,953
Total liabilities933,5341,348,827
Commitments and contingencies (Note 6)
Stockholders' equity:  
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized, no shares issued and outstanding00
Common stock, $0.001 par value per share: 400,000,000 shares authorized; 115,177,618 and 126,473,827 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively115126
Additional paid-in capital1,121,8201,244,504
Accumulated other comprehensive loss(43,179)(57,488)
Accumulated deficit(43,755)(70,553)
Total stockholders' equity1,035,0011,116,589
Total liabilities and stockholders' equity$ 1,968,535$ 2,465,416
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.