Chegg Inc (CHGG) Options

Bloomberg noted this week that tutors, sometimes costing $500 per hour, are all of a sudden back in vogue.

Bloomberg wrote that demand for SAT tutoring and prep centers is surging as several top colleges reintroduce mandatory SATs, and students adapt to the SAT's new digital format.
.
bullish for Chegg's tutoring service where you use an AI focused online service that also links to human tutors employed with Chegg. Chegg's human tutors fees are far less than $500 per hour. Most of the tutors are based in low cost India.

Blackrock added and is now sitting just below 10%, 10,718,187 shares.
Outstanding shares down 20% in two years of buybacks.
Debt being paid down.
AI driven going forward will drastically reduce costs.
* Plenty of upside as potential impact for AI becomes a tailwind instead of the headwind Wall Street now sees it.

Great call

IS THIS STOCK A SCAM OR WHAT??? I WANT THE TRUTH!!!

There is a waiting list for the free trial at the CheggMate site. Why would anyone be short knowing the CEO is going to make big news when he talks about how all of the recent press has driven traffic to the site and the waiting list has exploded. (next week)

The press really missed the real story here
Rosensweig said.

"The first big step is the introduction of CheggMate, which we recently announced in cooperation with OpenAI," he continued. "CheggMate will harness the power of ChatGPT, paired with our proprietary data and subject-matter experts, to make learning more personalized, adaptive, accurate, fast, and effective – all in an easy-to-use and conversational manner."
(A potential AI winner if you look 6 months down the road. Chegg will have the interface needed for make ChatGPT easy to use and more productive for the educational user

ChatGPT is gonna be the death of this company

I’m deep

Lots of up and down today ! Shaking of sellers intense but stock up $.14 anyhow. More shaking is normal--but buyers still around too ! This is so over sold--lol MMs need lots of shares to pop it up high so HANG ON !! Lows was $30.37 and close $30.78

Oh Yes ! Thanks for the reminder. I'm expecting a great move upward when loose hands are shaken out ! WooHoo !

Starter position especially with $500mm buyback underway

How true! Especially today as it fell to $32 ! This is $30 drop and way over sold !

Time to load up on CHGG

$CHGG | #Chegg - Weekly Chart Bullish into Earnings



CHGG chart is quite bullish heading into earnings , with the
potential for a breakout to new highs.
Levels of Fibonacci as potential targets =
$97.00
$104- $106

COVID to trigger push for online education

CHGG could see epic run this fall as more schools now rethink idea of online learning as covid cases surge during cold/flu season

$CHGG | #Chegg Into Earnings $90 Target



Possible Long into earnings .
Upside target $90.00
Stop loss $77 below most recent resistance.
Indicators are all in very bullish trajectory.
COVID impact remains positive for this Company.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.

85$ alert confirmed

CHGG next stop 85$

$CHGG Chegg Price Targets


Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

Looks like this can breakout anyone think it can get to 100.

* * $CHGG Video Chart 05-05-2020 * *

Link to Video - click here to watch the technical chart video

Earnings projections look solid for the next few years. If nothing else, I see a short term spike in the very near future. JMO, of course.

Debt looks to be dropping

What's wrong with IHUB is that stocks like this don't get much interest.

Am I too late or is this just getting started?

Seller were to hasty & will probably regret it.

Chegg had a good earnings report but was no tto the standards of many, selling was intense, but then common sense prevailed. The stock has had multiple upgrades lately and offers great growth with Revenue up 25% and the high margin services sector has 34% growth. Long distance and digital education will increase greatly in the years to come as governments see the benefits and cost effectiveness. Education has a major barrier ahead, recruitment is becoming very difficult and the appeal to new graduates to enter the industry is dwindling. Chegg has a very strong and sustainable future ahead and options traders this week were buying the $60 CAlls for Jan 2020.

Why did this shoot up? Chegg announced a public offering valued at 13.50 a share....

Float = 71.5M

Free Cash Flow in the range of $18 million to $22 million

FOR Full Year 2017

CHGG CCI 10

EPS = -.47

SANTA CLARA, Calif., July 25, 2017 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), the Smarter Way to Student, today reported financial results for the three months ended June 30, 2017.

"The momentum we saw in Q1 continued into Q2, as we exceeded our expectations on both revenue and profitability. As engagement with Chegg Services expands, we have increased confidence to raise our guidance for the full year," said Dan Rosensweig, Chairman and CEO of Chegg, Inc. "We believe that Chegg is becoming the largest direct-to-student platform in the country, with students increasingly dependent on Chegg to master their subjects, pass their classes, and graduate. In the first half of this year students viewed almost 200 million pieces of Chegg Study content, created over 290 million new citations, and were tutored in over 180 different subjects."

Q2 2017 Highlights:
•Total Net Revenues of $56.3 million, an increase of 6% year-over-year
•Total Net Revenues to Non-GAAP Total Net Revenues growth increased 38% year-over-year *
•Chegg Services Revenues grew 50% year-over-year to $44.7 million, or 79% of total net revenues, compared to 56% in Q2 2016
•Net Loss was $6.0 million
•Non-GAAP Net Income was $6.0 million
•Adjusted EBITDA was $10.1 million
•1.2 million: number of Chegg Services subscribers
•98 million: total Chegg Study content views

Our total net revenues are comprised of two revenue streams: (1) Chegg Services revenues, which includes Chegg Study, Chegg Tutors, our Writing Tools service, Enrollment Marketing, Brand Partnership, Internships, and Test Prep; and (2) Required Materials revenues, which includes commission revenues from Ingram Content Group (Ingram) and textbook publishers, and the rental and sale of eTextbooks.

* Chegg presents non-GAAP total net revenues as if the transition of textbook inventory investment and textbook logistics and fulfillment functions for Chegg's print textbook business to Ingram was complete and the revenues from print textbook business were entirely commission-based. Chegg completed its transition to Ingram in November 2016 and to provide a more meaningful comparison of Chegg's total net revenues for the second quarter of 2017, Chegg has presented the year-over-year percentage against non-GAAP total net revenues for the same period in 2016.

For more information about non-GAAP total net revenues, non-GAAP net income, and adjusted EBITDA, and a reconciliation of non-GAAP total net revenues to total net revenues, non-GAAP net income to net loss, and adjusted EBITDA to net loss, see the sections of the press release titled "Use of Non-GAAP Measures" and "Reconciliation of GAAP to Non-GAAP Financial Measures."

Business Outlook:

Third Quarter 2017
•Total Net Revenues in the range of $56 million to $58 million
•Chegg Services Revenues in the range of $37 million to $39 million
•Gross Margin between 60% and 62%
•Adjusted EBITDA in the range of $3 million to $4 million

Full Year 2017
•Total Net Revenues in the range of $241 million to $243 million
•Chegg Services Revenues in the range of $180 million to $182 million
•Gross Margin greater than 65%
•Adjusted EBITDA in the range of $41 million to $42 million
•Capital Expenditures in the range of $20 million to $25 million
•Free Cash Flow in the range of $18 million to $22 million

CHGG lookin good

Chegg, Inc. (CHGG) Price Target Raised to $12.50 at Barrington Research

had its target price increased by stock analysts at Barrington Research from $11.00 to $12.50 in a research report issued on Tuesday. The firm presently has an “outperform” rating on the stock. Barrington Research’s target price would suggest a potential upside of 68.92% from the stock’s current price

https://www.americanbankingnews.com/2017/02/14/chegg-inc-chgg-price-target-raised-to-12-50-at-barrington-research.html

Yes, I'm in with my Roth and traditional IRA. Averaged in around 4.80. Don't plan to sell this one for quite some time given the rev/eps/GM growth.

Anyone else riding this back up? I got in at 4.12 average. Looking to sell above 5 eventually.

* * $CHGG Video Chart 02-23-16 * *

Link to Video - click here to watch the technical chart video

The USA is the best Country Ever.It would be better than all even if it was 2:30am and everyone was drunk and confused on exactly who is Driving?

Chegg is no Follower!

No buying yet.

I cannot express how grateful I was in school for a teacher who told me how the cow ate cabbage.He will always have my number and gratitude.

Chgg- Is a Ways Off I think but could have great potential with the Digital platform.imo

Thank you! Do you know of anyone that uses the Tudor or Intern service? It seems like that part of the business is growing.

As a student now it seems like I am paying just as much money for digital as textbooks. Because of the security in digital files, they are not easily reproduced and the watermarks display liability on the original file.

CHegg is becoming a leader in its field,however this really has no peers at the moment.No longer Confined to just textbook sales,its digital offerings are gaining steam.Chegg has both a large institutional AND student following.I will watch Both those numbers and see how this moves.Watching

This company looks interesting.They seem to be making a jump from textbooks into digital offerings and have a very wide student base.Good industry for the future?

Ah... buying over the last 2 months... and not looking bad with the new deal... and beat earnings... tomorrow might be nice... had a good move today.. !!

$CHGG LOOKS GOOD. $$

Earnings any good this q?

CHEGG DUE DILIGENCE
http://www.ddnotesmaker.com/index.php?ticker=chgg

Chegg's Digital Business Alone Justifies Current Share Price

Link: http://seekingalpha.com/article/2119783-cheggs-digital-business-alone-justifies-current-share-price

Stay long and average down $CHGG will take off sooner or later

Chegg is a good company with a great business model. Not sure why this stock does not take off.