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Chegg, Inc. (CHGG)

NYSE - NYSE Delayed Price. Currency in USD
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86.01-1.43 (-1.64%)
At close: 4:00PM EDT
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  • D
    Dylan
    Anyone trying to build up a bear case against Chegg by saying that they are making money off of students cheating, is being dishonest. Cheating occurred before Chegg and will continue with or without Chegg. Education is always dynamic and innovating, and will continue to be more and more online. The more 'remote' you make education, the larger the possibility for academic dishonesty, so it is up to the schools and universities to update their teaching and testing methods so cheating has less of an impact.

    It appears the nice little run Chegg has had since the beginning of June went mostly unnoticed until recently and I think it could continue till at least earnings. I am betting that with a good August 2nd earnings report and the increased attention the stock will get once schools are starting back up after summer break, we will definitely see the all time high ($115) again before year end.
  • T
    The Battle of Sorrento 2020
    The demand to Work From Home (WFH) is real. Next will be the demand to LFH : Learn From Home. People have discovered that they don’t don’t need steel and concrete towers for work…and don’t need ivory towers for learning.
    Bullish
  • M
    Marky
    Has anyone else seen all the reports of Chegg-powered cheating? How can this be sustainable?
    Bearish
  • F
    Friend
    This company helps my students cheat. If the U.S. wants to get serious about education then they need to shut this company down.
  • S
    Swift
    Now that we're seeing support across the board for growth stocks, I'm still sticking by my $100 PT. Unfortunately, it'll be over the next 30-60 days instead of this past May. GLTA! Just know long term, CHGG is a leader in their space and they will deliver!
    Bullish
  • J
    Jim
    I'll buy in the $70s all day long if it ever drops there again
    Bullish
  • R
    Ronald
    Chegg was growing 25% annually before Covid. It’s not like students only started cheating with online classes
    Bullish
  • H
    HeatherE
    I buy CHGG because I saved SO much money in grad school buying and renting books from them. It just works.
  • T
    The Bull
    Undervalued
  • P
    Peter
    This stock is really a interesting one. If it goes below 70 I may consider buying some.
    Neutral
  • T
    T O
    market soaring today and this is down again. have mercy!!!
  • m
    money_insider_stocknews
    Speaking of investment, everyone in school and colleges use Pearson and noone owns the stock of that company every single student has to pay to Pearson each semester for each classe🙂
  • J
    John Abraham
    Why it's so expensive?
  • a
    alberto
    chgg 100 is not a meme
  • S
    Swift
    Holding until $100. Ignoring the nasdaq correction we're having and buying on every major dip on this great company.
    Bullish
  • J
    John
    I agree with the sentiment here that CHGG was a bit over punished for this earnings report. BUT the downward price movement itself shouldn't be a surprise to investors. CHGG reported a 3rd qtr loss of $37.1 million ($.29 share) vs. only $.10 same qtr. last year. This on a day when pandemic cases increase while stimulus hopes are dashed. Not only did the Dow, S&P and Nasdaq do a nose dive but how do covid stocks tank due to higher pandemic conditions? Streaming stocks (ROKU), telemedicine (TDOC, DOCRF) Cannabis (GRWG, TCNNF, CURLF, GTBIF, CRLBF, CGC, TLRY) all tanked. Just a really bad day on the market which magnified the earnings decline. A revenue beat is simply not going to overcome that gravity. But the segment of on line education is clearly the future and the revenue trend proves that. I have a sizeable position on CHGG and have zero concern. Going to have a margarita now and celebrate the good sleep that solid investment research brings!! You should do the same, you longs have earned it with solid decision making and patience. Cheers:)!!
    Bullish
  • S
    Swift
    Nice move. Should see $100 in May. ER was excellent, outlook was excellent, company is making the right moves. This isn't a pandemic play. Nobody likes going to the textbook store or the school's bookstore since they both rip you off.
    Bullish
  • L
    Let's Go
    $SSSS conversation
    On July 2, $SSSS management projected Q2 2020 NAV at $11.70 - $12.00 per share. They specified that range reflects maintaining Palantir at its March 31, 2020 valuation, which was $30.54 million. Based on its Q1 10-Q (page 5) that value is 89% higher than its 2012 cost basis of $16.2 million, invested when Palantir conducted an equity capital raise at a value of $4 billion. The result is that the Palantir investment contributing to the $12.00 NAV values the company at $7.5 billion.

    In October 2018, Morgan Stanley projected a Palantir 2020 IPO value of $36 billion - $41 billion. Since then, Palantir's growth rate - according to some reports - has exceeded expectations, and public market Saas revenue multiples have exploded, suggesting a higher potential market valuation for Palantir.

    Assuming Palantir's market value is at the high end of the Morgan Stanley 2018 projection, at $41 billion, the incremental value for the $SSSS $12.00 NAV is $8.00 NAV based on an additional $136 million of estimated market value ($41 billion / $7.5 billion = 5.47 - 1 = 447% x $30.54 million = $136 million). This results in an NAV of $20.

    One way to look at SSSS is that at a current price of $12.00, an investor is paying probable fair market value for Palantir, while receiving the rest of the portfolio - which contributes ~85% towards management's July 2 2020 $12.00 NAV estimate - for free. Additionally, the two largest holdings, online education companies Coursera and Course Hero, make up ~35% of the portfolio. They are arguably undervalued within the NAV given the strong appreciation of $CHGG and $TWOU.

    The Friday evening Barron's article drew attention to a relatively unknown play on Palantir. Given embedded valuation assumptions, it is easy to see what call option buying for September/December is extremely active today. This stock could easily top $15 over the next few trading sessions.
  • J
    Jim
    As a student myself, Yahoo answers going down is a HUGE deal. There is effectively no other alternative for free hw help (or cheating depending on its use) out there anymore. I have no idea about the business aspect if things, but anecdotally, I think Chegg can expect a surge of subscriptions
  • r
    robert
    Just invested 200 shares in CHGG. I missed the COVID run but believe the headwinds of reopening are misunderstood for this name. Virtual learning is not going away once the economy reopens. This stock provides everything I want to see in a growth name. 30 percent earnings growth rate, 41% revenue growth for the current quarter, solid gross profit and free cash flow growth over the last few years, etc. This pullback is a buying opportunity and I am taking full advantage. This will revisit the $110s and then take them out. Long term I remain bullish even with economic reopening.
    Bullish