Chegg (CHGG) to Release Quarterly Earnings on Monday

Chegg (NYSE:CHGG) is expected to be posting its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Chegg to post earnings of $0.17 per share and revenue of $142.05 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Chegg Stock Down 2.4 %

CHGG stock opened at $1.44 on Friday. 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 firm has a market capitalization of $149.68 million, a P/E ratio of -0.18 and a beta of 1.41. Chegg has a 52-week low of $1.30 and a 52-week high of $9.14. The company’s 50 day simple moving average is $1.59 and its 200-day simple moving average is $1.81.

Analyst Upgrades and Downgrades

CHGG has been the subject of several recent research reports. Piper Sandler cut their price objective on Chegg from $2.00 to $1.50 and set an “underweight” rating for the company in a report on Thursday, November 14th. Morgan Stanley reaffirmed an “underweight” rating and set a $1.25 price target (down from $2.00) on shares of Chegg in a research note on Tuesday, January 14th. Northland Securities reduced their price target on Chegg from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Wednesday, November 13th. Needham & Company LLC restated a “hold” rating on shares of Chegg in a report on Thursday, January 16th. Finally, Craig Hallum cut their price objective on shares of Chegg from $3.00 to $1.50 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Chegg presently has an average rating of “Hold” and a consensus price target of $2.17.

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.