Chegg (NYSE:CHGG) Issues Quarterly Earnings Results

Chegg (NYSE:CHGG) issued its quarterly earnings results on Monday. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14), Zacks reports. Chegg had a negative net margin of 124.05% and a positive return on equity of 2.36%. Chegg updated its Q1 2025 guidance to EPS.

Chegg Trading Up 10.8 %

NYSE:CHGG opened at $1.59 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.31. Chegg has a 1-year low of $1.30 and a 1-year high of $9.14. The firm has a market capitalization of $165.33 million, a price-to-earnings ratio of -0.20 and a beta of 1.41. The stock has a fifty day simple moving average of $1.58 and a 200 day simple moving average of $1.80.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Northland Securities lowered their price target on Chegg from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Wednesday, November 13th. Morgan Stanley reissued an “underweight” rating and set a $1.25 price target (down from $2.00) on shares of Chegg in a report on Tuesday, January 14th. Piper Sandler lowered their target price on Chegg from $2.00 to $1.50 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Craig Hallum lowered their target price on Chegg from $3.00 to $1.50 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered their target price on Chegg from $3.75 to $1.75 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.17.

Chegg Company Profile

Chegg, Inc operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; 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 subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside.