NYSE:CHGG - Chegg Stock Price, News, & Analysis

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$39.13 +0.80 (+2.09 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$39.13
Today's Range$38.34 - $39.16
52-Week Range$19.42 - $39.16
Volume1.43 million shs
Average Volume1.82 million shs
Market Capitalization$4.50 billion
P/E Ratio434.78
Dividend YieldN/A
Beta1.21
Chegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. The company offers Chegg Services, which include digital products and services; and required materials that comprise its print textbooks and eTextbooks. Its digital products and services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that enables automatically generate sources in the required formats, when students need to cite their sources in written work; Chegg Tutors that allow students find human help on its learning platform through a network of live tutors; Chegg Math, an adaptive math technology and developer of the math application; Brand Partnership, which offers various ways for student-relevant brands to reach and engage high school and college students; Test Prep that provides students with an online adaptive test preparation services; and internships services. The company rents and sells print textbooks and eTextbooks; and offers supplemental materials and textbook buyback services. The company has a strategic alliance with Ingram Content Group. Chegg, Inc. was founded in 2003 and is headquartered in Santa Clara, California.

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Industry, Sector and Symbol

Industry Educational services
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone408-855-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$321.08 million
Cash Flow$0.1153 per share
Book Value$3.61 per share

Profitability

Net Income$-14,890,000.00

Miscellaneous

Employees893
Market Cap$4.50 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Chegg (NYSE:CHGG) Frequently Asked Questions

What is Chegg's stock symbol?

Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG."

How will Chegg's stock buyback program work?

Chegg declared that its Board of Directors has approved a share buyback program on Thursday, March 29th 2018, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 0.9% of its shares through a private placement purchase. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

How were Chegg's earnings last quarter?

Chegg Inc (NYSE:CHGG) posted its quarterly earnings data on Monday, February, 11th. The technology company reported $0.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.10 by $0.03. The technology company had revenue of $95.68 million for the quarter, compared to analysts' expectations of $91.74 million. Chegg had a negative net margin of 4.64% and a positive return on equity of 4.39%. View Chegg's Earnings History.

When is Chegg's next earnings date?

Chegg is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Chegg.

What guidance has Chegg issued on next quarter's earnings?

Chegg updated its FY 2019 earnings guidance on Monday, February, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $390-395 million, compared to the consensus revenue estimate of $388.37 million.Chegg also updated its Q1 2019 guidance to EPS.

What price target have analysts set for CHGG?

11 analysts have issued 1 year price targets for Chegg's shares. Their predictions range from $26.00 to $45.00. On average, they expect Chegg's share price to reach $34.6667 in the next year. This suggests that the stock has a possible downside of 11.4%. View Analyst Price Targets for Chegg.

What is the consensus analysts' recommendation for Chegg?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Chegg.

What are Wall Street analysts saying about Chegg stock?

Here are some recent quotes from research analysts about Chegg stock:
  • 1. According to Zacks Investment Research, "Chegg, Inc. provides a social education platform. The Company rents and sells print textbooks; and provides eTextbooks, supplemental materials, homework help, textbook buyback, courses, and college admissions and scholarship services, as well as offers enrollment marketing and brand advertising services. Chegg, Inc. is headquartered in Santa Clara, California. " (1/1/2019)
  • 2. Barrington Research analysts commented, "We are reiterating our OUTPERFORM investment rating and our 12-month price target of $32, which assumes a 9x multiple on our 2019 revenue estimate, reflecting our increased confidence in management’s near- and intermediate-term growth strategies." (10/22/2018)

Has Chegg been receiving favorable news coverage?

Media coverage about CHGG stock has been trending somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Chegg earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.

Who are some of Chegg's key competitors?

What other stocks do shareholders of Chegg own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include Intelsat (I), Netflix (NFLX), Alibaba Group (BABA), Splunk (SPLK), Bank of America (BAC), Fossil Group (FOSL), Twilio (TWLO), NVIDIA (NVDA), Workday (WDAY) and Momo (MOMO).

Who are Chegg's key executives?

Chegg's management team includes the folowing people:
  • Mr. Daniel Lee Rosensweig, Co-Chairman, CEO & Pres (Age 57)
  • Mr. Andrew J. Brown, Chief Financial Officer (Age 59)
  • Mr. Michael Osier, Chief Information Officer & Chief Outcomes Officer (Age 56)
  • Ms. Esther Lem, Chief Marketing Officer (Age 63)
  • Mr. Charles Geiger, Chief Product Officer (Age 52)

Who are Chegg's major shareholders?

Chegg's stock is owned by a number of of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (7.16%), BlackRock Inc. (6.40%), Sylebra HK Co Ltd (6.05%), Emerald Advisers LLC (2.07%), Emerald Mutual Fund Advisers Trust (1.88%) and Lord Abbett & CO. LLC (1.62%). Company insiders that own Chegg stock include Andrew J Brown, Charles Geiger, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jeffrey T Housenbold, Jenny Brandemuehl, John E York, Michael A Osier, Nathan J Schultz, Renee Varni Budig, Robin Tomasello and Ted Schlein. View Institutional Ownership Trends for Chegg.

Which major investors are selling Chegg stock?

CHGG stock was sold by a variety of institutional investors in the last quarter, including Elk Creek Partners LLC, Columbus Circle Investors, Summit Creek Advisors LLC, First Trust Advisors LP, Riverbridge Partners LLC, Timpani Capital Management LLC, ACT II Management LP and Nomura Holdings Inc.. Company insiders that have sold Chegg company stock in the last year include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jeffrey T Housenbold, Jenny Brandemuehl, John E York, Michael A Osier, Nathan J Schultz, Renee Varni Budig, Robin Tomasello and Ted Schlein. View Insider Buying and Selling for Chegg.

Which major investors are buying Chegg stock?

CHGG stock was purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Brown Advisory Inc., Polar Capital LLP, Lord Abbett & CO. LLC, Penserra Capital Management LLC, Ranger Investment Management L.P., Sylebra HK Co Ltd and Standard Life Aberdeen plc. View Insider Buying and Selling for Chegg.

How do I buy shares of Chegg?

Shares of CHGG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Chegg's stock price today?

One share of CHGG stock can currently be purchased for approximately $39.13.

How big of a company is Chegg?

Chegg has a market capitalization of $4.50 billion and generates $321.08 million in revenue each year. The technology company earns $-14,890,000.00 in net income (profit) each year or $0.09 on an earnings per share basis. Chegg employs 893 workers across the globe.

What is Chegg's official website?

The official website for Chegg is http://www.chegg.com.

How can I contact Chegg?

Chegg's mailing address is 3990 FREEDOM CIRCLE, SANTA CLARA CA, 95054. The technology company can be reached via phone at 408-855-5700 or via email at [email protected]


MarketBeat Community Rating for Chegg (NYSE CHGG)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  419 (Vote Outperform)
Underperform Votes:  305 (Vote Underperform)
Total Votes:  724
MarketBeat's community ratings are surveys of what our community members think about Chegg and other stocks. Vote "Outperform" if you believe CHGG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CHGG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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