Market Summary
USD15.68+0.25
Market Closed1.62%
CHGG Stock Price
CHGG RSI Chart
CHGG Valuation
CHGG Price/Sales (Trailing)
CHGG Profitability
CHGG Fundamentals
CHGG Revenue
CHGG Earnings
Price Action
52 Week Range
15.2537.64
(Low)(High)
Last 7 days
-4.6%
Last 30 days
-0.3%
Last 90 days
-39.7%
Trailing 12 Months
-56.1%
CHGG Financial Health
CHGG Investor Care
Peers (Alternatives to Chegg)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MGM | 15.6B | 13.1B | -4.99% | -2.47% | 10.58 | 1.19 | 35.61% | 17.44% |
WYNN | 12.1B | 3.8B | -1.01% | 30.98% | -28.51 | 3.22 | -0.18% | 43.92% |
| MID-CAP | ||||||||
SCI | 10.2B | 4.1B | -5.76% | 2.97% | 17.98 | 2.47 | -0.83% | -29.59% |
MTN | 8.9B | 2.8B | -8.60% | -12.99% | 26.37 | 3.13 | 29.86% | 54.02% |
HRB | 6.7B | 3.5B | -9.48% | 32.94% | 12.03 | 1.92 | - | - |
PENN | 4.4B | 6.4B | -11.76% | -35.16% | 19.86 | 0.69 | 8.41% | -47.22% |
BFAM | 4.4B | 2.0B | -2.59% | -43.51% | 54.39 | 2.17 | 15.11% | 14.45% |
LOPE | 3.4B | 911.3M | -5.75% | 12.84% | 18.38 | 3.72 | 1.64% | -29.07% |
GHC | 2.8B | 3.9B | -12.72% | -4.84% | 41.1 | 0.7 | 23.18% | -80.95% |
STRA | 2.1B | 1.1B | -4.90% | 36.99% | 45.75 | 2 | -5.85% | -15.28% |
CHGG | 2.0B | 766.9M | -0.32% | -56.13% | 7.44 | 2.59 | -1.21% | 18387.93% |
| SMALL-CAP | ||||||||
LRN | 1.7B | 1.8B | -10.77% | 7.98% | 16.83 | 0.95 | 10.07% | 40.67% |
ATGE | 1.7B | 1.4B | -8.96% | 22.48% | 4.32 | 1.15 | 29.69% | 6022.49% |
PRDO | 871.9M | 695.2M | -6.48% | 12.58% | 9.1 | 1.25 | 0.31% | -12.56% |
APEI | 88.2M | 606.3M | -60.02% | -79.70% | -0.77 | 0.15 | 44.78% | -747.77% |
Financials for Chegg
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -0.3% | 767 | 769 | 776 | 780 | 776 |
| Cost Of Revenue | -2.1% | 197 | 202 | 224 | 239 | 255 |
| Gross Profit | 0.4% | 570 | 567 | 553 | 542 | 521 |
| Operating Expenses | 3.8% | 561 | 540 | 514 | 475 | 443 |
| S&GA Expenses | 5.6% | 148 | 140 | 135 | 122 | 105 |
| R&D Expenses | -0.8% | 197 | 198 | 196 | 185 | 179 |
| EBITDA | -19.2% | 98.00 | 121 | 44.00 | 121 | - |
| EBITDA Margin | -18.9% | 0.13* | 0.16* | 0.06* | 0.16* | - |
| Earnings Before Taxes | -18.5% | 104 | 128 | 51.00 | 78.00 | 6.00 |
| EBT Margin | -18.2% | 0.14* | 0.17* | 0.07* | 0.10* | - |
| Interest Expenses | 5.2% | -6.04 | -6.37 | -6.48 | -6.56 | -6.90 |
| Net Income | -7.8% | 267 | 289 | 44.00 | 69.00 | -1.46 |
| Net Income Margin | -7.5% | 0.35* | 0.38* | 0.06* | 0.09* | - |
| Free Cahsflow | 8.6% | 153 | 141 | 168 | 175 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.8% | 2,465 | 2,398 | 2,655 | 2,662 | 2,919 |
| Current Assets | 10.9% | 1,144 | 1,032 | 1,452 | 1,247 | 1,623 |
| Cash Equivalents | 583.0% | 474 | 69.00 | 402 | 268 | 854 |
| Net PPE | 1.0% | 204 | 202 | 195 | 188 | 170 |
| Goodwill | 4.3% | 615 | 590 | 617 | 641 | 290 |
| Liabilities | -0.2% | 1,349 | 1,351 | 1,836 | 1,854 | 1,812 |
| Current Liabilities | -3.2% | 139 | 143 | 134 | 155 | 114 |
| Shareholder's Equity | 6.7% | 1,117 | 1,047 | 819 | 809 | 1,107 |
| Retained Earnings | 2.6% | -70.55 | -72.41 | -323 | -331 | -337 |
| Additional Paid-In Capital | 2.0% | 1,245 | 1,221 | 1,212 | 1,177 | 1,449 |
| Accumulated Depreciation | - | 145 | - | - | - | - |
| Shares Outstanding | 0.8% | 126 | 125 | 126 | 127 | 137 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 3.6% | 256 | 247 | 272 | 280 | 273 |
| Share Based Compensation | 1.9% | 133 | 131 | 121 | 119 | 109 |
| Cashflow From Investing | -24.5% | 105 | 139 | -84.80 | 36.00 | -365 |
| Cashflow From Financing | 28.0% | -744 | -1,034 | -629 | -708 | 467 |
| Buy Backs | -48.1% | 324 | 624 | 600 | 600 | 300 |
Risks for CHGG
What is the probability of a big loss on CHGG?
90.4%
Probability that Chegg stock will be more than 20% underwater in next one year
65.4%
Probability that Chegg stock will be more than 30% underwater in next one year.
29.6%
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
Returns for CHGG
Cumulative Returns on CHGG
21.0%
7-Year Cumulative Returns
-6.0%
5-Year Cumulative Returns
-22.8%
3-Year Cumulative Returns
What are the long-term rolling returns for CHGG?
FIve years rolling returns for Chegg.
Annualized Returns
Which funds bought or sold CHGG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | BAILLIE GIFFORD & CO | reduced | -1.53 | 69,426,100 | 453,079,000 | 0.47% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -57.88 | -502,272 | 512,728 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | new | - | 7,000 | 7,000 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -1.26 | 26,000 | 166,000 | -% |
2023-03-01 | B. Riley Financial, Inc. | added | 13.33 | 7,538 | 46,538 | 0.01% |
2023-03-01 | B. Riley Financial, Inc. | reduced | -40.00 | -12,821 | 21,179 | -% |
2023-02-28 | Voya Investment Management LLC | unchanged | - | 199,823 | 1,204,820 | -% |
2023-02-27 | Parallax Volatility Advisers, L.P. | added | 17.45 | 2,162 | 8,162 | -% |
2023-02-24 | NATIXIS | reduced | -72.36 | -5,929,400 | 2,938,600 | 0.02% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 891,000 | 5,360,000 | 0.06% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Chegg News
Schedule 13G FIlings of Chegg
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | vanguard group inc | 8.55% | 11,006,970 | SC 13G/A | |
| Feb 10, 2021 | artisan partners limited partnership | 5.8% | 7,472,262 | SC 13G | |
| Feb 05, 2021 | blackrock inc. | 7.5% | 9,640,704 | SC 13G/A |
CHGG Fair Value
Chegg fair value in different scenarios
The table shows the Fair Value estimates for Chegg for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 13.35 -14.86% | 17.74 13.14% | 27.22 73.60% | 41.36 163.78% | 57.20 264.80% |
| Current Inflation | 12.40 -20.92% | 16.21 3.38% | 24.28 54.85% | 36.26 131.25% | 49.70 216.96% |
| Very High Inflation | 11.23 -28.38% | 14.34 -8.55% | 20.80 32.65% | 30.31 93.30% | 41.02 161.61% |
Historical Chegg Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Chegg
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 21, 2023 | 8-K | Current Report | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for CHGG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-15 | Schultz Nathan J. | sold | -112,801 | 16.0983 | -7,007 | chief operating officer |
2023-03-12 | FILLMORE JOHN PAUL | sold (taxes) | -156,961 | 15.89 | -9,878 | president, chegg skills |
2023-03-12 | FILLMORE JOHN PAUL | acquired | - | - | 24,275 | president, chegg skills |
2023-03-12 | BROWN ANDREW J | acquired | - | - | 30,344 | chief financial officer |
2023-03-12 | Lem Esther | sold (taxes) | -125,579 | 15.89 | -7,903 | chief marketing officer |
2023-03-12 | Schultz Nathan J. | acquired | - | - | 30,344 | chief operating officer |
2023-03-12 | Schultz Nathan J. | sold (taxes) | -196,210 | 15.89 | -12,348 | chief operating officer |
2023-03-12 | ROSENSWEIG DANIEL | acquired | - | - | 60,688 | president, ceo & co-chairman |
2023-03-12 | Lem Esther | acquired | - | - | 19,420 | chief marketing officer |
2023-03-12 | BROWN ANDREW J | sold (taxes) | -196,210 | 15.89 | -12,348 | chief financial officer |
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
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Net revenues | $ 766,897 | $ 776,265 | $ 644,338 |
| Cost of revenues | 197,396 | 254,904 | 205,417 |
| Gross profit | 569,501 | 521,361 | 438,921 |
| Operating expenses: | |||
| Research and development | 196,637 | 178,821 | 170,905 |
| Sales and marketing | 147,660 | 105,414 | 81,914 |
| General and administrative | 216,247 | 159,019 | 129,349 |
| Total operating expenses | 560,544 | 443,254 | 382,168 |
| Income from operations | 8,957 | 78,107 | 56,753 |
| Interest expense, net and other income, net: | |||
| Interest expense, net | (6,040) | (6,896) | (66,297) |
| Other income (expense), net | 101,029 | (65,472) | 8,683 |
| Total interest expense, net and other income (expense), net | 94,989 | (72,368) | (57,614) |
| Income (loss) before benefit from (provision for) income taxes | 103,946 | 5,739 | (861) |
| Benefit from (provision for) income taxes | 162,692 | (7,197) | (5,360) |
| Net income (loss) | $ 266,638 | $ (1,458) | $ (6,221) |
| Net income (loss) per share | |||
| Basic (in dollars per share) | $ 2.09 | $ (0.01) | $ (0.05) |
| Diluted (in dollars per share) | $ 1.34 | $ (0.01) | $ (0.05) |
| Weighted average shares used to compute net income (loss) per share | |||
| Basic (in shares) | 127,557 | 141,262 | 125,367 |
| Diluted (in shares) | 149,859 | 141,262 | 125,367 |
CHGG Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 473,677 | $ 854,078 |
| Short-term investments | 583,973 | 691,781 |
| Accounts receivable, net of allowance of $394 and $153 at December 31, 2022 and December 31, 2021, respectively | 23,515 | 17,850 |
| Prepaid expenses | 28,481 | 35,093 |
| Other current assets | 34,754 | 23,846 |
| Total current assets | 1,144,400 | 1,622,648 |
| Long-term investments | 216,233 | 745,993 |
| Textbook library, net | 0 | 11,241 |
| Property and equipment, net | 204,383 | 169,938 |
| Goodwill | 615,093 | 289,763 |
| Intangible assets, net | 78,333 | 40,566 |
| Right of use assets | 18,838 | 18,062 |
| Deferred tax assets | 167,524 | 1,365 |
| Other assets | 20,612 | 19,670 |
| Total assets | 2,465,416 | 2,919,246 |
| Current liabilities | ||
| Accounts payable | 12,367 | 11,992 |
| Deferred revenue | 56,273 | 35,143 |
| Accrued liabilities | 70,234 | 67,209 |
| Total current liabilities | 138,874 | 114,344 |
| Long-term liabilities | ||
| Convertible senior notes, net | 1,188,593 | 1,678,155 |
| Long-term operating lease liabilities | 13,375 | 12,447 |
| Other long-term liabilities | 7,985 | 7,383 |
| Total long-term liabilities | 1,209,953 | 1,697,985 |
| Total liabilities | 1,348,827 | 1,812,329 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2022 and December 31, 2021 | 0 | 0 |
| Common stock, $0.001 par value – 400,000,000 shares authorized; 126,473,827 and 136,951,956 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively | 126 | 137 |
| Additional paid-in capital | 1,244,504 | 1,449,305 |
| Accumulated other comprehensive loss | (57,488) | (5,334) |
| Accumulated deficit | (70,553) | (337,191) |
| Total stockholders’ equity | 1,116,589 | 1,106,917 |
| Total liabilities and stockholders’ equity | $ 2,465,416 | $ 2,919,246 |