In today’s recent session, 0.92 million shares of the Chegg Inc (NYSE:CHGG) have been traded, and its beta is 1.31. Most recently the company’s share price was $1.71, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $177.28M. CHGG at last check was trading at a discount to its 52-week high of $11.48, offering almost -571.35% off that amount. The share price’s 52-week low was $1.48, which indicates that the recent value has risen by an impressive 13.45% since then. We note from Chegg Inc’s average daily trading volume that its 10-day average is 3.83 million shares, with the 3-month average coming to 3.84 million.

Chegg Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.29. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended CHGG as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Chegg Inc is expected to report earnings per share of 0.08 for the current quarter.

Chegg Inc (NYSE:CHGG) trade information

The rise to weekly highs of 1.7600 on recent trading dayincreased the stock’s daily price by 2.84%. On the other hand, Chegg Inc (NYSE:CHGG) is -3.39% down in the 30-day period. We can see from the shorts that 11.87 million shares have been sold at a short interest cover period of 3.02 day(s).

The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 91.45% from its current value. Analyst projections state that CHGG is forecast to be at a low of $2 and a high of $110.

Chegg Inc (CHGG) estimates and forecasts

Chegg Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -66.92 percent over the past six months and at a -25.45% annual growth rate that is well below the industry average of 18.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -55.60% in revenue this quarter, and will report a decrease of -25.00% in the next quarter. The year-over-year growth rate is expected to be -11.70%, down from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 134.12M in revenue for the current quarter. 13 analysts expect Chegg Inc to make 161.46M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -14.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -20.81%. Chegg Inc earnings are expected to increase by -23.15% in 2024, but the outlook is positive 22.50% per year for the next five years.

CHGG Dividends

Chegg Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.

Chegg Inc (NYSE:CHGG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.32% of Chegg Inc shares, and 94.08% of them are in the hands of institutional investors. The stock currently has a share float of 98.32%. Chegg Inc stock is held by 301.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.2071% of the shares, which is about 11.47 million shares worth $36.24 million.

BLACKROCK INC., with 9.1902% or 9.41 million shares worth $29.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 3.12 shares worth $5.27 million, making up 3.05% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.65 shares worth around $4.47 million, which represents about 2.59% of the total shares outstanding.