Brokers Issue Forecasts for Chegg’s Q1 Earnings (NYSE:CHGG)

Chegg, Inc. (NYSE:CHGG) – Northland Capmk reduced their Q1 2025 earnings per share estimates for shares of Chegg in a report released on Tuesday, February 25th. Northland Capmk analyst M. Grondahl now anticipates that the technology company will earn ($0.05) per share for the quarter, down from their previous estimate of $0.02. The consensus estimate for Chegg’s current full-year earnings is $0.15 per share. Northland Capmk also issued estimates for Chegg’s Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at ($0.11) EPS.

A number of other brokerages have also issued reports on CHGG. Northland Securities cut their target price on shares of Chegg from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 13th. Needham & Company LLC restated a “hold” rating on shares of Chegg in a research note on Tuesday. The Goldman Sachs Group lowered their price objective on shares of Chegg from $3.75 to $1.75 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Piper Sandler lowered their price objective on shares of Chegg from $1.50 to $1.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, Craig Hallum lowered their price objective on shares of Chegg from $3.00 to $1.50 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Chegg currently has a consensus rating of “Hold” and an average price target of $2.08.

Chegg Stock Performance

Shares of Chegg stock opened at $0.98 on Friday. The firm has a market cap of $103.11 million, a PE ratio of -0.12 and a beta of 1.41. The firm’s 50-day simple moving average is $1.52 and its 200-day simple moving average is $1.78. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.91 and a current ratio of 0.91. Chegg has a 1 year low of $0.94 and a 1 year high of $9.14.

Institutional Trading of Chegg

A number of hedge funds and other institutional investors have recently made changes to their positions in CHGG. Public Employees Retirement System of Ohio grew its stake in shares of Chegg by 54.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 99,256 shares of the technology company’s stock worth $160,000 after purchasing an additional 35,100 shares during the last quarter. Virtus Fund Advisers LLC purchased a new stake in shares of Chegg during the 4th quarter worth about $28,000. Virtus Investment Advisers Inc. bought a new stake in Chegg in the fourth quarter worth approximately $479,000. Two Sigma Advisers LP raised its holdings in Chegg by 1.1% during the fourth quarter. Two Sigma Advisers LP now owns 2,088,900 shares of the technology company’s stock valued at $3,363,000 after buying an additional 22,100 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Chegg by 8.2% in the fourth quarter. Two Sigma Investments LP now owns 2,254,234 shares of the technology company’s stock worth $3,629,000 after buying an additional 170,077 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors.

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.