In last trading session, Chegg Inc (NYSE:CHGG) saw 1.81 million shares changing hands with its beta currently measuring 1.71. Company’s recent per share price level of $0.78 trading at -$0.08 or -9.05% at ring of the bell on the day assigns it a market valuation of $81.99M. That closing price of CHGG’s stock is at a discount of -944.87% from its 52-week high price of $8.15 and is indicating a premium of 3.85% from its 52-week low price of $0.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.29 million shares which gives us an average trading volume of 3.48 million if we extend that period to 3-months.
For Chegg Inc (CHGG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.75. 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 0.01 in the current quarter.
Chegg Inc (NYSE:CHGG) trade information
Upright in the red during last session for losing -9.05%, in the last five days CHGG remained trading in the red while hitting it’s week-highest on Friday, 03/07/25 when the stock touched $0.78 price level, adding 12.69% to its value on the day. Chegg Inc’s shares saw a change of -51.55% in year-to-date performance and have moved -9.05% in past 5-day. Chegg Inc (NYSE:CHGG) showed a performance of -43.47% in past 30-days. Number of shares sold short was 10.07 million shares which calculate 2.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.75 to the stock, which implies a rise of 71.64% 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 -92.31% in reaching the projected high whereas dropping to the targeted low would mean a loss of -92.31% for stock’s current value.
Chegg Inc (CHGG) estimates and forecasts
This year revenue growth is estimated to fall -30.31% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 114.81M for the same. And 8 analysts are in estimates of company making revenue of 110.56M in the next quarter. Company posted 174.35M and 163.15M 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 -151.46% during past 5 years.
Chegg Inc (NYSE:CHGG)’s Major holders
Insiders are in possession of 4.12% of company’s total shares while institution are holding 79.75 percent of that, with stock having share float percentage of 83.17%. Investors also watch the number of corporate investors in a company very closely, which is 79.75% institutions for Chegg Inc that are currently holding shares of the company. 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.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 3.12 shares of worth $2.43 million or 2.97% of the total outstanding shares. The later fund manager was in possession of 2.75 shares on Dec 31, 2024 , making its stake of worth around $2.14 million in the company or a holder of 2.61% of company’s stock.
