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.
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Industry, Sector and Symbol
Industry Educational services
Sub-IndustryN/A
SectorComputer and Technology
Phone408-855-5700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$321.08 million
Profitability
Miscellaneous
Employees1,087
Next Earnings Date2/10/2020 (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 announced that its Board of Directors has approved a stock buyback program on Thursday, March 29th 2018, which permits the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 0.9% of its shares through a private placement purchase. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
How were Chegg's earnings last quarter?
Chegg Inc (NYSE:CHGG) announced its quarterly earnings results on Monday, November, 4th. The technology company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The technology company earned $94.20 million during the quarter, compared to the consensus estimate of $89.04 million. Chegg had a negative net margin of 3.27% and a positive return on equity of 9.53%. Chegg's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. View Chegg's Earnings History.
When is Chegg's next earnings date?
What guidance has Chegg issued on next quarter's earnings?
Chegg issued an update on its FY 2019 earnings guidance on Wednesday, September, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400-404 million, compared to the consensus revenue estimate of $400.51 million.
What price target have analysts set for CHGG?
12 Wall Street analysts have issued 1-year price targets for Chegg's shares. Their forecasts range from $35.00 to $55.00. On average, they expect Chegg's share price to reach $44.77 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price. View Analyst Price Targets for Chegg.
What is the consensus analysts' recommendation for Chegg?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 2 hold ratings and 10 buy ratings 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. " (11/5/2019)
- 2. Northland Securities analysts commented, "We believe CHGG does a nice job of bringing new students onto the platform, specifically during the beginning of the fall semester with students heading back to college. We also found based on talking to 20 students (as 11 students highlighted a more restrictive password situation) that it appears CHGG has gotten more stringent over time with password sharing." (9/24/2019)
- 3. Barrington Research analysts commented, "Valuation/: As the company moves towards the bundling of its services (fall 2019), the deployment of text-based tutoring (2H/19) and international expansion (fall 2019), we believe Chegg has opportunities to increase its reach by moving more significantly into high school, which, in turn, will help attract a greater portion of incoming college freshmen to its services and by moving more into international markets (Canada, the U.K., Australia) over time. Chegg has risen nearly 35% YTD (after rising 74% in 2018) and is trading at 8.9x our 2020 revenue estimate, at a premium to its Ed Tech peers (5.3x) and a group of high-growth SaaS companies (7.1x). Nevertheless, we are reiterating our OUTPERFORM investment rating and 12-month price target of $44 on the basis of its sustainable, above-average revenue growth." (4/17/2019)
Has Chegg been receiving favorable news coverage?
News articles about CHGG stock have been trending very negative on Tuesday, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. Chegg earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Chegg.
Who are some of Chegg's key competitors?
Some companies that are related to Chegg include New Oriental Education & Tech Grp (EDU), Grand Canyon Education (LOPE), Laureate Education (LAUR), GSX Techedu (GSX), Graham (GHC), Strategic Education (STRA), Afya (AFYA), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Career Education (CECO), OneSmart International Edun Gr (ONE), Bright Scholar Education Holdngs (BEDU), Arco Platform (ARCE), Puxin (NEW) and K12 (LRN).
What other stocks do shareholders of Chegg own?
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)
- Ms. Jenny Brandemuehl, Chief People Officer (Age 55)
Who are Chegg's major shareholders?
Chegg's stock is owned by many different of institutional and retail investors. Top institutional shareholders include TimesSquare Capital Management LLC (1.58%), Emerald Advisers LLC (1.43%), Emerald Mutual Fund Advisers Trust (1.41%), Eagle Asset Management Inc. (1.24%), Carillon Tower Advisers Inc. (0.87%) and Riverbridge Partners LLC (0.76%). Company insiders that own Chegg stock include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jeffrey T Housenbold, Jenny Brandemuehl, John E York, John Paul Fillmore, Marne L Levine, Michael A Osier, Nathan J Schultz, Renee Varni Budig, Robin Tomasello and Ted Schlein. View Institutional Ownership Trends for Chegg.
Which institutional investors are selling Chegg stock?
CHGG stock was sold by a variety of institutional investors in the last quarter, including Columbus Circle Investors, TimesSquare Capital Management LLC, Russell Investments Group Ltd., Emerald Advisers LLC, Millennium TVP Management Co. LLC, First Trust Advisors LP, Aubrey Capital Management Ltd and Riverbridge Partners LLC. Company insiders that have sold Chegg company stock in the last year include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jenny Brandemuehl, John E York, John Paul Fillmore, Marne L Levine, Michael A Osier, Nathan J Schultz, Renee Varni Budig and Ted Schlein. View Insider Buying and Selling for Chegg.
Which institutional investors are buying Chegg stock?
CHGG stock was acquired by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Carillon Tower Advisers Inc., California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Summit Creek Advisors LLC, BB&T Securities LLC, Stephens Investment Management Group LLC and Envestnet Asset Management Inc.. 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, Robinhood, Fidelity and Charles Schwab.
What is Chegg's stock price today?
One share of CHGG stock can currently be purchased for approximately $36.67.
How big of a company is Chegg?
Chegg has a market capitalization of $4.44 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 1,087 workers across the globe.View Additional Information About Chegg.
What is Chegg's official website?
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)
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.
