Chegg, Inc. (CHGG): A Bear Case Theory [Yahoo! Finance]
Chegg, Inc. (CHGG)
Last chegg, inc. earnings: 2/10 04:05 pm
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US:NYSE Investor Relations:
investor.chegg.com/overview/default.aspx
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Source: Yahoo! Finance
In this article, we will summarize the bears' thesis on CHGG. Chegg, Inc. (CHGG)'s share was trading at $1.68 as of Nov 19 th . CHGG's forward P/E was 1.68 according to Yahoo Finance. Agenturfotografin/Shutterstock.com Chegg has positioned itself as a platform providing students with affordable, personalized learning tools designed to save time and improve academic performance. However, its recent financial struggles and user dissatisfaction reveal deep challenges, marking a stark reversal from its pandemic-era success. Once benefiting from the surge in online learning, Chegg now finds itself grappling with disruptive forces, most notably the rise of AI technologies. The company has even publicly attributed its decline to AI competitors, such as OpenAI's ChatGPT, which offers free alternatives to Chegg's subscription-based services. This acknowledgment underscores Chegg's difficulties in adapting to a rapidly evolving market. Over 80% of Chegg's revenue comes from subscriptions,
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CHGG
News
- Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08Business Wire
- Chegg, Inc. (NYSE: CHGG) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $3.75 to $1.75. They now have a "neutral" rating on the stock.MarketBeat
- Chegg, Inc. (NYSE: CHGG) had its price target lowered by analysts at Piper Sandler from $2.00 to $1.50. They now have an "underweight" rating on the stock.MarketBeat
- Chegg Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Chegg, Inc. (NYSE: CHGG) had its price target lowered by analysts at Craig Hallum from $3.00 to $1.50. They now have a "hold" rating on the stock.MarketBeat
CHGG
Earnings
- 11/12/24 - Beat
CHGG
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- CHGG's page on the SEC website