Chegg Inc. [CHGG] Revenue clocked in at $774.50 million, down -66.73% YTD: What’s Next?


Chegg Inc. [NYSE: CHGG] plunged by -$0.73 during the normal trading session on Tuesday and reaching a high of $30.72 during the day while it closed the day at $30.05. The company report on November 9, 2021 that ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Chegg, Inc. and Encourages Investors with Losses to Contact the Firm.

Los Angeles, California–(Newsfile Corp. – November 9, 2021) – The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Chegg, Inc. (“Chegg” or “the Company”) (NYSE: CHGG) for violations of the securities laws.

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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Chegg Inc. stock has also loss -6.44% of its value over the past 7 days. However, CHGG stock has declined by -63.86% in the 3 months of the year. Over the past six months meanwhile, it has lost -62.29% and lost -66.73% year-on date.

The market cap for CHGG stock reached $4.50 billion, with 144.75 million shares outstanding and 142.87 million shares in the current float. Compared to the average trading volume of 3.64M shares, CHGG reached a trading volume of 6299167 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Chegg Inc. [CHGG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHGG shares is $58.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHGG stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northland Capital have made an estimate for Chegg Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on November 03, 2021. The new note on the price target was released on November 02, 2021, representing the official price target for Chegg Inc. stock. Previously, the target price had yet another drop from $107 to $54, while Piper Sandler kept a Neutral rating on CHGG stock.

The Average True Range (ATR) for Chegg Inc. is set at 3.58, with the Price to Sales ratio for CHGG stock in the period of the last 12 months amounting to 5.81. The Price to Book ratio for the last quarter was 3.21, with the Price to Cash per share for the same quarter was set at 11.71. Price to Free Cash Flow for CHGG in the course of the last twelve months was 17.54 with Quick ratio for the last quarter at 13.60.

CHGG stock trade performance evaluation

Chegg Inc. [CHGG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.44. With this latest performance, CHGG shares dropped by -51.75% in over the last four-week period, additionally sinking by -62.29% over the last 6 months – not to mention a drop of -56.77% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHGG stock in for the last two-week period is set at 17.20, with the RSI for the last a single of trading hit 15.65, and the three-weeks RSI is set at 19.18 for Chegg Inc. [CHGG]. The present Moving Average for the last 50 days of trading for this stock 65.14, while it was recorded at 31.44 for the last single week of trading, and 81.37 for the last 200 days.

Chegg Inc. [CHGG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Chegg Inc. [CHGG] shares currently have an operating margin of +9.29 and a Gross Margin at +68.12. Chegg Inc.’s Net Margin is presently recorded at -0.97.

Return on Total Capital for CHGG is now 3.36, given the latest momentum, and Return on Invested Capital for the company is -0.35. Return on Equity for this stock declined to -1.12, with Return on Assets sitting at -0.33. When it comes to the capital structure of this company, Chegg Inc. [CHGG] has a Total Debt to Total Equity ratio set at 251.43. Additionally, CHGG Total Debt to Total Capital is recorded at 71.54, with Total Debt to Total Assets ending up at 68.09. Long-Term Debt to Equity for the company is recorded at 250.34, with the Long-Term Debt to Total Capital now at 71.24.

Reflecting on the efficiency of the workforce at the company, Chegg Inc. [CHGG] managed to generate an average of -$3,205 per employee. Receivables Turnover for the company is 41.58 with a Total Asset Turnover recorded at a value of 0.34.Chegg Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.60 and a Current Ratio set at 13.60.

Earnings per share (EPS) analysis for Chegg Inc. [CHGG] stock

With the latest financial reports released by the company, Chegg Inc. posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 70.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHGG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chegg Inc. go to 30.00%.

Chegg Inc. [CHGG]: Insider Ownership positions

There are presently around $4,299 million, in the hands of institutional investors. The top three institutional holders of CHGG stocks are: BAILLIE GIFFORD & CO with ownership of 18,501,345, which is approximately -0.532% of the company’s market cap and around 1.80% of the total institutional ownership; VANGUARD GROUP INC, holding 12,230,810 shares of the stock with an approximate value of $367.54 million in CHGG stocks shares; and BLACKROCK INC., currently with $332.69 million in CHGG stock with ownership of nearly -1.859% of the company’s market capitalization.

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Positions in Chegg Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 200 institutional holders increased their position in Chegg Inc. [NYSE:CHGG] by around 12,304,487 shares. Additionally, 212 investors decreased positions by around 10,113,431 shares, while 54 investors held positions by with 120,647,219 shares. The mentioned changes placed institutional holdings at 143,065,137 shares, according to the latest SEC report filing. CHGG stock had 42 new institutional investments in for a total of 1,917,322 shares, while 60 institutional investors sold positions of 907,229 shares during the same period.