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Chegg Stock Price, Forecast & Analysis (NYSE:CHGG)

$36.89
+0.32 (+0.88 %)
(As of 11/19/2019 02:37 AM ET)
Today's Range
$36.26
Now: $36.89
$37.01
50-Day Range
$28.55
MA: $32.42
$36.96
52-Week Range
$23.21
Now: $36.89
$48.22
Volume586,777 shs
Average Volume1.80 million shs
Market Capitalization$4.46 billion
P/E Ratio409.89
Dividend YieldN/A
Beta0.95
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

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$0.44 per share
Book Value$3.87 per share

Profitability

Net Income$-14,890,000.00

Miscellaneous

Employees1,087
Market Cap$4.46 billion
Next Earnings Date2/10/2020 (Estimated)
OptionableOptionable

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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 authorized a share buyback plan on Thursday, March 29th 2018, which allows the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 0.9% of its shares through a private placement purchase. Shares repurchase plans are generally an indication that the company's board believes its stock is 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 earnings per share 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 negative net margin of 3.27% and a positive return on equity of 9.53%. The firm's quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share. 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 guidance has Chegg issued on next quarter's earnings?

Chegg updated its FY 2019 earnings guidance on Wednesday, September, 4th. The company provided earnings per share (EPS) 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 analysts have issued 12 month target prices for Chegg's shares. Their forecasts range from $35.00 to $55.00. On average, they anticipate Chegg's stock price to reach $44.77 in the next year. This suggests a possible upside of 21.4% 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 headlines about CHGG stock have trended somewhat positive this week, InfoTrie reports. InfoTrie rates the sentiment of press coverage by monitoring 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 closest to five being the most favorable. Chegg earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Chegg.

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 Twilio (TWLO), Netflix (NFLX), salesforce.com (CRM), Square (SQ), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Veeva Systems (VEEV), Splunk (SPLK) and Paypal (PYPL).

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 a variety of of retail and institutional investors. Top institutional investors 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 major 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 major 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 $36.89.

How big of a company is Chegg?

Chegg has a market capitalization of $4.46 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 (star star)
Outperform Votes:  578 (Vote Outperform)
Underperform Votes:  438 (Vote Underperform)
Total Votes:  1,016
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 11/19/2019 by MarketBeat.com Staff

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