NYSE:CHGG - Chegg Stock Price, Forecast & News

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

Chegg announced that its board has approved a share repurchase program on Thursday, March 29th 2018, which authorizes the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 0.9% of its stock through a private placement purchase. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Chegg Inc (NYSE:CHGG) announced its quarterly earnings data on Monday, February, 10th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The technology company had revenue of $125.50 million for the quarter, compared to analyst estimates of $123.05 million. Chegg had a negative net margin of 2.34% and a positive return on equity of 11.24%. The company's revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. View Chegg's Earnings History.

Chegg is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Chegg.

Chegg updated its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $522-527 million, compared to the consensus revenue estimate of $520.25 million.

12 Wall Street analysts have issued 12-month price objectives for Chegg's shares. Their forecasts range from $39.00 to $55.00. On average, they anticipate Chegg's stock price to reach $47.36 in the next twelve months. This suggests a possible upside of 27.1% 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 articles about CHGG stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of 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 -5.0 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Chegg.

Chegg saw a drop in short interest during the month of February. As of February 14th, there was short interest totalling 16,840,000 shares, a drop of 10.6% from the January 30th total of 18,830,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 14.8 days. Currently, 14.6% of the company's shares are sold short. View Chegg's Current Options Chain.

Some companies that are related to Chegg include GSX Techedu (GSX), Laureate Education (LAUR), Grand Canyon Education (LOPE), Strategic Education (STRA), Youdao (DAO), Graham (GHC), Afya (AFYA), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Arco Platform (ARCE), Career Education (CECO), Bright Scholar Education Holdngs (BEDU), Perdoceo Education (PRDO), OneSmart International Edun Gr (ONE) and K12 (LRN).

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

Chegg's stock is owned by a number of of retail and institutional investors. Top institutional investors include Wealth Quarterback LLC (134.81%), Baillie Gifford & Co. (11.98%), Alliancebernstein L.P. (3.76%), Fred Alger Management LLC (3.49%), Sylebra Capital Ltd (2.82%) and Artisan Partners Limited Partnership (2.50%). 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 Fred Alger Management LLC, Zevenbergen Capital Investments LLC, Goldman Sachs Group Inc., Eagle Asset Management Inc., Cubist Systematic Strategies LLC, Artemis Investment Management LLP, Amundi Pioneer Asset Management Inc. and Emerald Mutual Fund Advisers Trust. 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 and Robin Tomasello. View Insider Buying and Selling for Chegg.

CHGG stock was bought by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Baillie Gifford & Co., Janus Henderson Group PLC, Maverick Capital Ltd., Artisan Partners Limited Partnership, Mitsubishi UFJ Trust & Banking Corp, Marshall Wace LLP and Penserra Capital Management 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 $37.26.

Chegg has a market capitalization of $4.54 billion and generates $410.93 million in revenue each year. The technology company earns $-9,600,000.00 in net income (profit) each year or $0.41 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]