New insider activity at Chegg ( (CHGG) ) has taken place on June 10, 2025.
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Director Renee Varni Budig has recently sold 27,973 shares of Chegg stock, amounting to a total transaction value of $39,441.
Recent Updates on CHGG stock
Chegg Inc. recently reported its Q1 2025 earnings, revealing a 30% year-over-year decline in net revenue to $121.4 million and a net loss of $17.5 million. Despite these declines, Chegg exceeded its revenue and adjusted EBITDA expectations, generating $16 million in free cash flow. The company announced a significant restructuring plan to reduce its global workforce by 22% and streamline operations, aiming for annualized cost savings of $45 million to $55 million in 2025 and $100 million to $110 million in 2026. Chegg is facing macroeconomic challenges and competition from AI companies, which are impacting its market position. However, the company is diversifying its revenue streams through successful licensing agreements and growth in services like Busuu. Chegg’s management remains focused on aligning costs with its business outlook while exploring strategic alternatives to maximize shareholder value.
Spark’s Take on CHGG Stock
According to Spark, TipRanks’ AI Analyst, CHGG is a Underperform.
Chegg’s overall score reflects significant financial and operational challenges, including declining revenues, restructuring efforts, and poor technical and valuation metrics. The company’s strategic initiatives may stabilize the situation, but current conditions are challenging.
To see Spark’s full report on CHGG stock, click here.
More about Chegg
YTD Price Performance: 4.17%
Average Trading Volume: 3,181,315
Technical Sentiment Signal: Sell
Current Market Cap: $173.7M