Chegg (CHGG) Scheduled to Post Earnings on Monday

Chegg (NYSE:CHGG) will post its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Chegg to post earnings of $0.21 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Chegg Stock Performance

Chegg stock opened at $3.00 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $3.23 and a 200-day moving average of $6.08. The firm has a market cap of $306.66 million, a P/E ratio of -15.79, a P/E/G ratio of 0.56 and a beta of 1.35. Chegg has a 1-year low of $2.53 and a 1-year high of $13.11.

Analyst Ratings Changes

A number of equities analysts have weighed in on CHGG shares. Jefferies Financial Group downgraded shares of Chegg from a “hold” rating to an “underperform” rating and decreased their target price for the company from $7.00 to $4.00 in a research note on Tuesday, April 30th. Morgan Stanley raised shares of Chegg from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $6.50 to $3.25 in a research note on Tuesday, July 16th. Craig Hallum reaffirmed a “hold” rating and set a $7.00 target price (down previously from $13.00) on shares of Chegg in a research note on Tuesday, April 30th. Piper Sandler reaffirmed an “underweight” rating and set a $6.00 target price (down previously from $8.50) on shares of Chegg in a research note on Tuesday, April 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Chegg in a research note on Tuesday, June 18th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.84.

About Chegg

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.