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.
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 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 authorized 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 purchase up to 0.9% of its shares through a private placement purchase. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.
How were Chegg's earnings last quarter?
Chegg Inc (NYSE:CHGG) posted its earnings results on Monday, February, 11th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.10 by $0.03. The technology company earned $95.68 million during the quarter, compared to analyst estimates of $91.74 million. Chegg had a negative net margin of 4.64% and a positive return on equity of 4.31%. View Chegg's Earnings History.
When is Chegg's next earnings date?
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 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?
12 brokers have issued twelve-month price objectives for Chegg's stock. Their forecasts range from $26.00 to $48.00. On average, they anticipate Chegg's share price to reach $36.00 in the next twelve months. This suggests that the stock has a possible downside of 12.0%. 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 5 hold ratings, 6 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. " (3/12/2019)
- 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 headlines about CHGG stock have trended very negative on Thursday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Chegg earned a news impact score of -3.6 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
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), Graham (GHC), Laureate Education (LAUR), Strategic Education (STRA), Adtalem Global Education (ATGE), OneSmart International Edun Gr (ONE), K12 (LRN), Bright Scholar Education Holdngs (BEDU), Career Education (CECO), Hailiang Education Group (HLG), Puxin (NEW), Arco Platform (ARCE), RISE Education Cayman (REDU) and American Public Education (APEI).
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)
- Mr. Charles Geiger, Chief Product Officer (Age 52)
Who are Chegg's major shareholders?
Chegg's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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 FMR LLC, Elk Creek Partners LLC, Columbus Circle Investors, Summit Creek Advisors LLC, First Trust Advisors LP, Riverbridge Partners LLC, Timpani Capital Management LLC and ACT II Management LP. 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 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 Baillie Gifford & Co., Brown Advisory Inc., Norges Bank, Polar Capital LLP, Lord Abbett & CO. LLC, Penserra Capital Management LLC, Ranger Investment Management L.P. and Sylebra HK Co Ltd. 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 $40.93.
How big of a company is Chegg?
Chegg has a market capitalization of $4.74 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.
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.
