MARKET COMPOSITE
CHGG - Chegg Inc9:00:02 PM 12/5/2023
Price
$10.00
-0.27 (-2.63%)
Chegg, Inc., is an American education technology company based in Santa Clara, California. It provides digital and physical textbook rentals, online tutoring, and other student services. The company was launched in 2005, and began trading publicly on the New York Stock Exchange in November 2013. As of March 2020 the company reported having 2.9 million subscribers to Chegg Services.
Financials
Quarterly financials
(USD)Sep 2023Q/Q
Revenue157.9MM-14%
Gross Profit74.3MM-45%
Cost Of Revenue83.6MM+76%
Operating Income-57.9MM-
Operating Expenses132.1MM-14%
Net Income-18.3MM-174%
R&D46.2MM-13%
G&A57.1MM-19%
Marketing28.9MM-7%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

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    Shares of online study and academic help platform Chegg (NYSE:CHGG) fell 5.8% in the morning session after Morgan Stanley analyst Josh Baer downgraded the stock's rating from Equal-Weight (Hold) to Underweight (Sell) and lowered the price target from $10 to $9. The downgrade was driven by concerns about slowing year-over-year growth in web traffic. The analyst added that consensus estimates for Chegg are overly optimistic, especially in light of increased competition and the impact of AI.

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    Chegg shares were trading sharply higher Wednesday after the educational software provider announced an accelerated share repurchase agreement covering $150 million of the company’s common stock. Chegg (ticker: CHGG) shares were up 18% to $10.52. “We are excited about the opportunities before us and believe Chegg is in a great position to build the most impactful, AI-enabled, personal learning assistant for learners around the world,” Chegg CEO Dan Rosensweig said in a statement.