In last trading session, Chegg Inc (NYSE:CHGG) saw 1.61 million shares changing hands with its beta currently measuring 1.48. Company’s recent per share price level of $1.47 trading at -$0.03 or -2.00% at ring of the bell on the day assigns it a market valuation of $153.33M. That closing price of CHGG’s stock is at a discount of -521.77% from its 52-week high price of $9.14 and is indicating a premium of 11.56% from its 52-week low price of $1.30.
For Chegg Inc (CHGG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.60. Splitting up the data highlights that, out of 15 analysts covering the stock, 6 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.17 in the current quarter.
Chegg Inc (NYSE:CHGG) trade information
Upright in the red during last session for losing -2.00%, in the last five days CHGG remained trading in the green while hitting it’s week-highest on Thursday, 02/20/25 when the stock touched $1.47 price level, adding 6.96% to its value on the day. Chegg Inc’s shares saw a change of -8.70% in year-to-date performance and have moved 1.38% in past 5-day. Chegg Inc (NYSE:CHGG) showed a performance of -2.65% in past 30-days.
Wall Street analysts have assigned a consensus price target of 2.75 to the stock, which implies a rise of 46.55% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -2.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.04% for stock’s current value.
Chegg Inc (CHGG) estimates and forecasts
This year revenue growth is estimated to fall -13.99% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 142.05M for the same. And 8 analysts are in estimates of company making revenue of 138.63M in the next quarter. Company posted 187.99M and 174.35M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -20.81% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -31.45% while estimates for its earnings growth in next 5 years are of -22.89%.
Chegg Inc (NYSE:CHGG)’s Major holders
VANGUARD GROUP INC is the top institutional holder at CHGG for having 11.47 million shares of worth $36.24 million. And as of 2024-06-30, it was holding 11.2071 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 9.41 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.1902 of outstanding shares, having a total worth of $29.72 million.
