NYSE:CHGG - Chegg Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Chegg Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $37.35 -0.59 (-1.55 %) (As of 12/11/2019 12:36 PM ET) Add Compare Today's Range$37.26Now: $37.36▼$37.9750-Day Range$29.53MA: $35.37▼$39.5852-Week Range$25.16Now: $37.36▼$48.22Volume159,475 shsAverage Volume1.74 million shsMarket Capitalization$4.52 billionP/E Ratio415.06Dividend YieldN/ABeta1.03 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Read More… Industry, Sector and Symbol Stock Exchange NYSE Industry Educational services Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:CHGG Previous Symbol CUSIPN/A CIK1364954 Webhttp://www.chegg.com/ Phone408-855-5700Debt Debt-to-Equity Ratio1.89 Current Ratio9.50 Quick Ratio9.50Price-To-Earnings Trailing P/E Ratio415.06 Forward P/E Ratio103.76 P/E Growth3.51 Sales & Book Value Annual Sales$321.08 million Price / Sales14.08 Cash Flow$0.43 per share Price / Cash Flow87.03 Book Value$3.57 per share Price / Book10.46Profitability EPS (Most Recent Fiscal Year)$0.09 Net Income$-14,890,000.00 Net Margins-3.27% Return on Equity9.53% Return on Assets3.40%Miscellaneous Employees1,087 Outstanding Shares120,982,000Market Cap$4.52 billion Next Earnings Date2/10/2020 (Estimated) OptionableOptionable Receive CHGG News and Ratings via Email Sign-up to receive the latest news and ratings for CHGG and its competitors with MarketBeat's FREE daily newsletter. CHGG Rates by TradingView 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 has authorized a stock repurchase program on Thursday, March 29th 2018, which permits the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 0.9% of its stock through a private placement purchase. Stock buyback programs are usually 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, November, 4th. The technology company reported $0.18 EPS for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.10. The technology company had revenue of $94.20 million for the quarter, compared to analysts' expectations of $89.04 million. Chegg had a positive return on equity of 9.53% and a negative net margin of 3.27%. The business's quarterly revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS. View Chegg's Earnings History. When is Chegg's next earnings date? Chegg is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Chegg. What price target have analysts set for CHGG? 12 brokerages have issued twelve-month price objectives for Chegg's stock. Their forecasts range from $35.00 to $55.00. On average, they expect Chegg's share price to reach $44.86 in the next year. This suggests a possible upside of 20.2% 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 1 hold rating and 11 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. " (11/26/2019) 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? Press coverage about CHGG stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative 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 -5 to 5, with scores closest to five being the most favorable. Chegg earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. 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), GSX Techedu (GSX), Grand Canyon Education (LOPE), Laureate Education (LAUR), Graham (GHC), Strategic Education (STRA), Afya (AFYA), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Youdao (DAO), Career Education (CECO), OneSmart International Edun Gr (ONE), Bright Scholar Education Holdngs (BEDU), Arco Platform (ARCE) and Puxin (NEW). What other stocks do shareholders of Chegg own? Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include Twilio (TWLO), Netflix (NFLX), salesforce.com (CRM), NVIDIA (NVDA), Square (SQ), Alibaba Group (BABA), Advanced Micro Devices (AMD), Veeva Systems (VEEV), Splunk (SPLK) and Mastercard (MA). 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 investors include Gilder Gagnon Howe & Co. LLC (3.51%), Sylebra Capital Ltd (2.88%), State Street Corp (1.93%), TimesSquare Capital Management LLC (1.58%), Emerald Advisers LLC (1.43%) and Emerald Mutual Fund Advisers Trust (1.41%). 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, Gilder Gagnon Howe & Co. LLC, TimesSquare Capital Management LLC, Russell Investments Group Ltd., Emerald Advisers LLC, Millennium TVP Management Co. LLC, Castleark Management LLC and Sylebra Capital Ltd. 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 bought by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., Carillon Tower Advisers Inc., Voya Investment Management LLC, Granahan Investment Management Inc. MA, Millennium Management LLC, black and white Capital LP, California Public Employees Retirement System and Voloridge Investment Management LLC. 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 $37.33. How big of a company is Chegg? Chegg has a market capitalization of $4.52 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? 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: 2.8 out of 5 ( )Outperform Votes: 615 (Vote Outperform)Underperform Votes: 465 (Vote Underperform)Total Votes: 1,080MarketBeat'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 12/11/2019 by MarketBeat.com StaffFeatured Article: How do buyers and sellers choose a strike price?
