WallStreetZenWallStreetZen
NYSE: CHGG

How to Buy Chegg Stock

Buy CHGG

Chegg Inc

Chegg is a education company located in California, United States, which is part of the Consumer Defensive sector, and is traded under the ticker CHGG on the NYSE exchange.

Chegg stock last closed at $18.95, down 1.92% from the previous day, and has decreased 74.31% in one year. It has underperformed other stocks in the Education & Training Services industry by 0.51 percentage points. Chegg stock is currently +21.01% from its 52-week low of $15.66, and -73.99% from its 52-week high of $72.85.

As of Sep 23, 2022, there are 126.4M CHGG shares outstanding. The market capitalization of CHGG is $2.40B. In the last 24 hours, 1.6M CHGG shares were traded.

How to Buy Chegg Stock

Wondering how to invest in Chegg stock? Here's how.
  1. Figure out where to buy Chegg stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Chegg stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected. It's the best place to buy CHGG stock.
  3. Put funds into your brokerage account: Select your method of payment and add your info.
  4. Analyze Chegg stock: The Chegg ticker symbol is CHGG. Is Chegg stock a good investment? Should you buy shares of CHGG? How do CHGG's underlying business fundamentals look? Do top analysts think Chegg is a good buy? Why has CHGG's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if CHGG is a good stock to buy).
  5. Place your CHGG buy order: Decide if you will purchase CHGG shares at the current market price or use a limit order to buy CHGG stock at a specific price.
  6. Get key alerts regarding your CHGG investment: Create a watchlist to watch your new investment in Chegg shares.

Step 1: Figure out where to buy Chegg stock

You will need a brokerage account to access the NYSE market and buy CHGG shares.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

In our opinion, eToro is the best brokerage. eToro gives you:

  • Invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
  • Access to global financial markets: From Technology to Energy, New York to Tokyo — you can fill your portfolio with stocks from the world's top exchanges.
  • Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the trades of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs, commodities, cryptos, and currencies (forex).

Get $10 towards your your CHGG stock purchase by creating an account with eToro today.

Buy CHGG Stock

Step 2: Open your brokerage account

Now that you've chosen the next step is brokerage, chosen to fill out some personal details so you can invest in CHGG stock today.

How to Start a New Account on eToro

  1. Click here to get started.
  2. Enter your personal info to start your new brokerage account.
  1. Send your information by hitting the "Create Account" button.
Get started with eToro today

Step 3: Put funds into your brokerage account

Watch the tutorial below to see the process of transferring funds into your investment account.

Get started with eToro today

Step 4: Analyze Chegg stock

It's critical to research stocks before you invest, so you can understand the risk and opportunity.

Chegg Numbers

CHGG Price
$18.95
1w %
-10.32%
1y %
-74.31%
5y %
28.47%
P/E
59.22x
P/B
2.93x
P/S
3.08x
PEG
2.89x
Revenue
$776.37M
Earnings
$44.18M
Fore. Rev. Growth
5.75%
Fore. Earn. Growth
20.51%
Market Cap
$2.40B
Next Earnings
Oct 31, 2022
Next Dividend
N/A

Fundamentals of Chegg

WallStreetZen was built to help part-time investors do more accurate fundamental analysis.

You can see all of the due diligence checks on CHGG's stock page.

Is CHGG stock undervalued?

You can use many financial metrics, analyses, models, and charts to gauge CHGG's fair value.

Using relative valuations ratios:

  • CHGG could be overvalued based on its P/E ratio of 59.22x, relative to Education & Training Services industry P/E ratio of 8.09x
  • CHGG could be overvalued based on its P/B ratio of 2.93x, relative to Education & Training Services industry P/B ratio of 1.27x
  • CHGG could be overvalued based on its PEG ratio of 2.89x

You can access more valuation research on CHGG's stock here.

Is CHGG a healthy company?

Passed Health Checks:

  • There are more short-term assets than short-term liabilities on the CHGG balance sheet.
  • CHGG earnings of $57.08M is not enough to cover its interest payments.
  • CHGG profit margin has gone up from -5.8% to 5.7% in the past year.

Failed Health Checks:

  • CHGG has a relatively high debt to equity ratio of 2.24.
  • Total CHGG debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the CHGG balance sheet.
  • CHGG's operating cash flow of $272.48M allows it to safely service it's debt of $1.69B.

Is it a good time to buy Chegg stock, according to analysts?

Out of 11 Equities analysts who give ratings on CHGG, the consensus analyst rating on Chegg is a Hold

Should I buy or sell CHGG stock?

Based on 11 analysts offering ratings for Chegg Inc.
Hold
Strong Buy
0 analysts 0%
Buy
1 analysts 9.09%
Hold
10 analysts 90.91%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Most Recent CHGG Analyst Forecasts

Mike Grondahl, a bottom 7% analyst from Northland Securities upgrades CHGG to a buy rating and raises their CHGG price target from $27.00 to $30.00, on Sep 8, 2022.

Arvind Ramnani, a bottom 1% analyst from Piper Sandler maintains CHGG with a hold rating and lowers their CHGG price target from $21.00 to $20.00, on Jul 18, 2022.

Eric Sheridan, a top 3% analyst from Goldman Sachs initiates coverage on CHGG with a hold rating and announces their CHGG price target of $20.00, on Jul 15, 2022.

Doug Anmuth, a top 2% analyst from JP Morgan maintains CHGG with a hold rating and lowers their CHGG price target from $22.00 to $18.00, on Jun 29, 2022.

David Amira, a top 50% analyst from Bank of America downgrades CHGG to a hold rating and lowers their CHGG price target from $45.00 to $18.00, on May 3, 2022.

You can dive deeper into what analysts are forecasting on the Chegg stock forecast page.

CHGG Technicals

SMA10
21.2
SMA20
20.9
SMA50
21.02
SMA100
19.9
SMA200
25.01
MACD
-0.19
MACD Signal
0.12
MACD Histogram
-0.31
RSI
39.76
Stochastic %K
7.45
Stochastic %D
22.69
StochRSI %K
0
StochRSI %D
11.06

How are CHGG Revenues/Earnings doing?

Last year, CHGG earnings were $44.18M. During the past 2 year, CHGG's earnings have grown by 465.69% per year. This was faster than the Education & Training Services industry average of 64.87%.

Last year, CHGG revenue was $776.37M. In the last 5 year, CHGG's revenue has gone up by 25.11% per year. This was faster than the Education & Training Services industry average of 16.32%.

Learn more about CHGG's earnings and revenue performance here.

What are CHGG executives and large shareholders up to?

Over the last 12 months, insiders at CHGG have bought more shares than they have sold.

Andrew J. Brown, CHIEF FINANCIAL OFFICER of CHGG, was the latest CHGG insider to sell. They sold $57,615.60 worth of CHGG stock on Sep 1, 2022.

Dig into more about who owns CHGG shares here.

Does CHGG stock generate passive income?

No, Chegg doesn't provide an income stream by paying out dividends.

CHGG Social Trading Data

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Place your CHGG buy order

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are generally sufficient.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a particular price limit, place a limit order.

Click the Open Trade button and your broker will place your order.

If you require additional assistance investing in stocks on eToro, watch the how to video below:

Buy CHGG Stock

Step 6: Get key alerts regarding your CHGG investment

Now that you own some shares in CHGG, you'll want to keep up with your new company.

Make a watchlist to get the latest updates about your CHGG stock.

CHGG Feed

How to Buy Stock in Chegg

To summarize, here are the 6 steps to buy stock in Chegg:

  1. Figure out where to buy Chegg stock
  2. Open your brokerage account
  3. Put funds into your brokerage account
  4. Analyze Chegg stock
  5. Place your CHGG buy order
  6. Get key alerts regarding your CHGG investment

If you require a place to buy stocks, eToro is our favorite venue.

Start investing with eToro today

If you want to track your new investment in Chegg, add CHGG to your watchlist by clicking the button below.

$18.95-0.37 (-1.92%)
Updated Sep 23, 2022
Buy CHGG Stock
$18.95-0.37 (-1.92%)
Updated Sep 23, 2022
Buy CHGG Stock

FAQ

How much does it cost to buy one Chegg share?

As of Sep 23, 2022, it costs $18.95 to buy one share of Chegg stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $9, you can buy 0.475 shares of CHGG.

Start investing with eToro today

Is now a good time to buy Chegg stock?

According to 11 Wall Street analysts who monitor Chegg, their consensus recommendation is to hold Chegg stock.

What is the best way to buy Chegg stock?

The best way to buy Chegg stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.