Chegg Is Now A Deep Value Candidate, Following 98% Price Implosion [Seeking Alpha]
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: Seeking Alpha
9min Summary Chegg's stock has plummeted 98% from its peak, despite relatively stable sales, cash flow, and non-GAAP earnings. Current fundamental valuation metrics place Chegg at a 90-95% discount to decade averages, with a market cap of $182 million vs. $683 million in annual sales. Hedge funds are bearish, but Wall Street analysts appear more optimistic, with management targeting $100 million in annual free cash flow generation. I feel shares are worth a small gamble, with the understanding open AI search queries for free could eventually run Chegg out of business. .shock/iStock via Getty Images Chegg, Inc. NYSE: CHGG ) has suffered mightily from the feared competition open AI (artificial intelligence) searches can produce on the web today. Back in June 2023 here , I wrote about the opportunity for the company to create the top learning tool on the market for high school and college kids, personalized with an AI tutor for each student, as a path to evolve and thrive.
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CHGG
News
- Chegg, Inc. (CHGG): A Bear Case Theory [Yahoo! Finance]Yahoo! Finance
- 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
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