NYSE:CHGG - Chegg Stock Price, Forecast & News

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

Chegg declared that its Board of Directors has approved a stock repurchase plan 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 repurchase up to 0.9% of its stock through a private placement purchase. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

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 analyst estimates 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 revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS. View Chegg's Earnings History.

Chegg is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Chegg.

Chegg will be holding an earnings conference call on Monday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

12 analysts have issued twelve-month price objectives for Chegg's shares. Their forecasts range from $35.00 to $55.00. On average, they expect Chegg's stock price to reach $45.59 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price. View Analyst Price Targets 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.

News headlines about CHGG stock have been trending positive recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Chegg earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Chegg.

Some companies that are related to Chegg include New Oriental Education & Tech Grp (EDU), GSX Techedu (GSX), Grand Canyon Education (LOPE), Laureate Education (LAUR), Strategic Education (STRA), Graham (GHC), Afya (AFYA), Adtalem Global Education (ATGE), Youdao (DAO), Hailiang Education Group (HLG), Career Education (CECO), Perdoceo Education (PRDO), Arco Platform (ARCE), Bright Scholar Education Holdngs (BEDU) and OneSmart International Edun Gr (ONE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include Netflix (NFLX), Twilio (TWLO), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), salesforce.com (CRM), Square (SQ), Veeva Systems (VEEV), Paypal (PYPL) and Mastercard (MA).

Chegg's stock is owned by a number of of retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (0.74%), Summit Creek Advisors LLC (0.22%), Artemis Investment Management LLP (0.07%), Penbrook Management LLC (0.04%), New England Research & Management Inc. (0.01%) and We Are One Seven LLC (0.00%). 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.

CHGG stock was sold by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Riverbridge Partners LLC, New England Research & Management Inc. and Penbrook Management 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 Robin Tomasello. View Insider Buying and Selling for Chegg.

CHGG stock was purchased by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, We Are One Seven LLC and Nisa Investment Advisors LLC. View Insider Buying and Selling for 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.

One share of CHGG stock can currently be purchased for approximately $43.33.

Chegg has a market capitalization of $5.24 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.

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

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]