Chegg (NYSE:CHGG) Announces Quarterly Earnings Results

Chegg (NYSE:CHGG) released its quarterly earnings data on Monday. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.18), Zacks reports. Chegg had a negative net margin of 124.05% and a positive return on equity of 2.36%. Chegg updated its Q2 2025 guidance to EPS.

Chegg Trading Up 7.4%

Shares of Chegg stock opened at $0.74 on Monday. The stock has a market capitalization of $78.08 million, a PE ratio of -0.09 and a beta of 1.75. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.91 and a quick ratio of 0.91. The company’s fifty day simple moving average is $0.66 and its 200-day simple moving average is $1.34. Chegg has a 1-year low of $0.44 and a 1-year high of $4.84.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHGG. Needham & Company LLC reaffirmed a “hold” rating on shares of Chegg in a research note on Tuesday, February 25th. Piper Sandler cut their price target on shares of Chegg from $1.50 to $1.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. StockNews.com started coverage on shares of Chegg in a research report on Thursday, April 17th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Chegg in a research note on Tuesday, April 8th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $1.25 target price (down previously from $2.00) on shares of Chegg in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Chegg currently has an average rating of “Hold” and an average price target of $1.70.

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.