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

Chegg, Inc. (NYSE:CHGG) – Equities research analysts at Northland Capmk lowered their Q1 2025 earnings estimates for Chegg in a report issued on Tuesday, February 25th. Northland Capmk analyst M. Grondahl now expects that the technology company will post earnings per share of ($0.05) 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.

Other analysts have also recently issued reports about the company. Piper Sandler dropped their price objective on Chegg from $1.50 to $1.00 and set an “underweight” rating for the company in a report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Chegg in a report on Tuesday. Morgan Stanley reiterated an “underweight” rating and set a $1.25 price objective (down previously from $2.00) on shares of Chegg in a report on Tuesday, January 14th. Craig Hallum cut their price objective on Chegg from $3.00 to $1.50 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, Northland Securities dropped their target price on Chegg from $4.00 to $3.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $2.08.

Chegg Stock Performance

NYSE CHGG opened at $0.98 on Friday. The firm has a market cap of $103.11 million, a price-to-earnings ratio of -0.12 and a beta of 1.41. The company has a 50 day moving average of $1.52 and a 200-day moving average of $1.78. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.31. Chegg has a 1-year low of $0.94 and a 1-year high of $9.14.

Hedge Funds Weigh In On Chegg

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new stake in Chegg during the 4th quarter worth approximately $28,000. Caprock Group LLC purchased a new stake in shares of Chegg in the fourth quarter worth approximately $28,000. Pallas Capital Advisors LLC raised its stake in shares of Chegg by 60.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 17,659 shares of the technology company’s stock worth $28,000 after purchasing an additional 6,658 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Chegg in the fourth quarter valued at approximately $31,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Chegg by 272.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 25,051 shares of the technology company’s stock valued at $44,000 after acquiring an additional 18,320 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

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.