Chegg Company Profile (NYSE:CHGG)

About Chegg (NYSE:CHGG)

Chegg logoChegg, Inc. is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States. It also offers eTextbooks library for rent and sale. The Company also has live tutors on its connected learning platform available to students online, anytime, anywhere through its Chegg Tutors service. It provides access to internships to help students gain skills that are critical to securing their first job. It offers two product lines: Required Materials and Chegg Services. The Required Materials product line includes the rental and sale of print textbooks and eTextbooks, as well as the commission it receives from Ingram.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Education & Training Information Providers
  • Sub-Industry: N/A
  • Symbol: NYSE:CHGG
  • CUSIP: N/A
  • Web: www.chegg.com
Capitalization:
  • Market Cap: $1.4 billion
  • Outstanding Shares: 96,009,000
Average Prices:
  • 50 Day Moving Avg: $13.87
  • 200 Day Moving Avg: $10.63
  • 52 Week Range: $6.51 - $15.95
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 32.36
  • P/E Growth: 2.56
Sales & Book Value:
  • Annual Revenue: $253.32 million
  • Price / Sales: 5.52
  • Book Value: $2.32 per share
  • Price / Book: 6.28
Profitability:
  • EBIDTA: ($7,450,000.00)
  • Net Margins: -11.83%
  • Return on Equity: -8.10%
  • Return on Assets: -6.12%
Debt:
  • Current Ratio: 2.17%
  • Quick Ratio: 2.17%
Misc:
  • Average Volume: 1.43 million shs.
  • Beta: 1.83
  • Short Ratio: 16.37
 

Frequently Asked Questions for Chegg (NYSE:CHGG)

What is Chegg's stock symbol?

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

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) posted its quarterly earnings results on Tuesday, July, 25th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by $0.08. The business earned $56.30 million during the quarter, compared to analyst estimates of $53.33 million. Chegg had a negative net margin of 11.83% and a negative return on equity of 8.10%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. View Chegg's Earnings History.

When will Chegg make its next earnings announcement?

Chegg is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Chegg.

Where is Chegg's stock going? Where will Chegg's stock price be in 2017?

9 equities research analysts have issued 12 month price objectives for Chegg's shares. Their predictions range from $8.00 to $18.00. On average, they anticipate Chegg's share price to reach $13.61 in the next year. View Analyst Ratings for Chegg.

What are 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. " (7/28/2017)
  • 2. Jefferies Group LLC analysts commented, "Chegg reported solid Q4 results as the transformation to an all-digital business is now complete. Continued growth in Chegg Services subs (>1.5MM in 2016) and Chegg Study will be the core focus for mgmt moving forward. Investments in digital services (brand, reach, data platform and on-demand services) continue to pay off as scale drives margin improvements. We maintain our Buy rating and $12 PT. 4Q16 Results: GAAP Net Revenue declined 7% Y/Y to $63MM vs. Street at $59MM. ProForma Net Revenue was up 38% Y/Y to $56MM. Adjusted EBITDA of $14MM was in line with the Street while non-GAAP EPS of $0.10 was also in line with Street estimates. The transition to an all-digital business is now complete; Chegg Services will be the focus moving forward. Chegg Services subscribers exceeded a record 1.5MM for the year and is now the center of the flywheel." (2/14/2017)

Who are some of Chegg's key competitors?

Who are Chegg's key executives?

Chegg's management team includes the folowing people:

  • Daniel L. Rosensweig, Chairman of the Board, President, Chief Executive Officer
  • Andrew J. Brown, Chief Financial Officer
  • Esther Lem, Chief Marketing Officer
  • Dave Borders Jr., General Counsel
  • Jenny Brandemeuhl, Chief People Officer
  • Charles F. Geiger, Chief Product Officer
  • Michael Osier, Chief Outcomes Officer
  • Nathan J. Schultz, Chief Learning Officer
  • Renee Budig, Independent Director
  • Jeffrey T. Housenbold, Independent Director

Who owns Chegg stock?

Chegg's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Sylebra HK Co Ltd (6.98%), Gilder Gagnon Howe & Co. LLC (4.71%), TimesSquare Capital Management LLC (3.85%), Vanguard Group Inc. (3.37%), Fred Alger Management Inc. (2.63%) and Emerald Advisers Inc. PA (2.66%). Company insiders that own Chegg stock include Andrew J Brown, Charles Geiger, Daniel Rosensweig, Nathan J Schultz and Ted Schlein. View Institutional Ownership Trends for Chegg.

Who sold Chegg stock? Who is selling Chegg stock?

Chegg's stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Hood River Capital Management LLC, Elk Creek Partners LLC, Unterberg Capital LLC, American Century Companies Inc., S Squared Technology LLC, P.A.W. Capital Corp and Arrowstreet Capital Limited Partnership. Company insiders that have sold Chegg stock in the last year include Andrew J Brown, Charles Geiger and Nathan J Schultz. View Insider Buying and Selling for Chegg.

Who bought Chegg stock? Who is buying Chegg stock?

Chegg's stock was purchased by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Fred Alger Management Inc., Russell Investments Group Ltd., Westfield Capital Management Co. LP, Penn Capital Management Co. Inc., Acadian Asset Management LLC, Castleark Management LLC and Vanguard Group Inc.. Company insiders that have bought Chegg stock in the last two years include Andrew J Brown, Daniel Rosensweig and Ted Schlein. View Insider Buying and Selling for Chegg.

How do I buy Chegg stock?

Shares of Chegg can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Chegg's stock price today?

One share of Chegg stock can currently be purchased for approximately $14.56.


MarketBeat Community Rating for Chegg (NYSE CHGG)
Community Ranking:  3.3 out of 5 (  )
Outperform Votes:  209 (Vote Outperform)
Underperform Votes:  104 (Vote Underperform)
Total Votes:  313
MarketBeat's community ratings are surveys of what our community members think about Chegg and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Chegg (NYSE:CHGG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.89)
Consensus Price Target: $13.61 (6.52% downside)

Analysts' Ratings History for Chegg (NYSE:CHGG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/28/2017Northland SecuritiesReiterated RatingBuy$16.00LowView Rating Details
7/26/2017BMO Capital MarketsReiterated RatingOutperform$16.00 -> $18.00HighView Rating Details
7/26/2017J P Morgan Chase & CoReiterated RatingOverweight$12.00 -> $15.00HighView Rating Details
7/26/2017Lake Street CapitalDowngradeBuy -> Hold$12.00 -> $14.00HighView Rating Details
6/23/2017Jefferies Group LLCReiterated RatingBuy$13.00MediumView Rating Details
6/23/2017Barrington ResearchReiterated RatingOutperformMediumView Rating Details
5/22/2017First AnalysisBoost Price TargetOverweight -> Overweight$12.00 -> $14.00HighView Rating Details
5/2/2017Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$12.00HighView Rating Details
4/4/2017Craig HallumUpgradeHold -> BuyHighView Rating Details
8/2/2016Piper Jaffray CompaniesBoost Price TargetOverweight$6.00 -> $7.00N/AView Rating Details
(Data available from 8/17/2015 forward)

Earnings

Earnings History for Chegg (NYSE:CHGG)
Earnings by Quarter for Chegg (NYSE:CHGG)
Earnings History by Quarter for Chegg (NYSE CHGG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017($0.01)N/AView Earnings Details
7/25/2017Q2 2017$0.04($0.04)$53.33 million$56.30 millionViewN/AView Earnings Details
5/4/2017Q1 2017$0.03$0.06$58.46 million$62.60 millionViewListenView Earnings Details
2/13/2017Q416$0.11$0.10$58.68 million$56.40 millionViewN/AView Earnings Details
11/7/2016Q316($0.04)($0.03)$67.89 million$71.30 millionViewListenView Earnings Details
8/1/2016Q216$0.03$0.05$67.10 million$53.00 millionViewN/AView Earnings Details
5/2/2016Q116($0.04)($0.03)$62.86 million$66.70 millionViewN/AView Earnings Details
2/22/2016Q415$0.12$0.14$72.14 million$68.20 millionViewListenView Earnings Details
11/2/2015Q315($0.15)($0.12)$78.28 million$81.30 millionViewN/AView Earnings Details
8/3/2015Q215($0.16)($0.08)$64.18 million$67.06 millionViewN/AView Earnings Details
5/6/2015Q115($0.07)($0.25)$78.20 million$84.90 millionViewN/AView Earnings Details
2/23/2015Q414$0.15$0.19$85.24 million$84.42 millionViewN/AView Earnings Details
11/3/2014Q314($0.27)($0.22)$78.27 million$81.50 millionViewN/AView Earnings Details
5/1/2014Q114($0.30)($0.22)$70.82 million$74.40 millionViewN/AView Earnings Details
2/11/2014Q413($0.35)$0.40$68.28 million$77.10 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Chegg (NYSE:CHGG)
Current Year EPS Consensus Estimate: $0.24 EPS
Next Year EPS Consensus Estimate: $0.45 EPS

Dividends

Dividend History for Chegg (NYSE:CHGG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Chegg (NYSE:CHGG)
Insider Ownership Percentage: 20.40%
Institutional Ownership Percentage: 75.90%
Insider Trades by Quarter for Chegg (NYSE:CHGG)
Institutional Ownership by Quarter for Chegg (NYSE:CHGG)
Insider Trades by Quarter for Chegg (NYSE:CHGG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/1/2017Charles GeigerInsiderSell81,968$13.55$1,110,666.40View SEC Filing  
7/18/2017Andrew J BrownInsiderSell100,000$14.00$1,400,000.00View SEC Filing  
7/17/2017Charles GeigerInsiderSell50,000$13.73$686,500.00View SEC Filing  
7/3/2017Charles GeigerInsiderSell50,000$12.13$606,500.00View SEC Filing  
6/15/2017Charles GeigerInsiderSell25,000$11.66$291,500.00View SEC Filing  
6/8/2017Andrew J BrownInsiderSell100,000$13.00$1,300,000.00View SEC Filing  
6/1/2017Andrew J BrownInsiderSell100,000$12.50$1,250,000.00View SEC Filing  
5/22/2017Nathan J. SchultzInsiderSell15,276$12.00$183,312.00View SEC Filing  
5/2/2017Nathan J SchultzInsiderSell76,380$10.73$819,557.40View SEC Filing  
5/1/2017Nathan J SchultzInsiderSell45,828$9.10$417,034.80View SEC Filing  
4/4/2017Nathan J SchultzInsiderSell15,279$8.55$130,635.45View SEC Filing  
8/11/2016Charles GeigerInsiderSell25,000$6.75$168,750.00View SEC Filing  
8/5/2016Charles GeigerInsiderSell45,000$6.52$293,400.00View SEC Filing  
8/2/2016Charles GeigerInsiderSell74,334$6.06$450,464.04View SEC Filing  
2/25/2016Andrew J BrownCFOBuy30,000$4.16$124,800.00View SEC Filing  
2/25/2016Daniel RosensweigCEOBuy48,842$4.09$199,763.78View SEC Filing  
2/25/2016Ted SchleinDirectorBuy25,000$4.03$100,750.00View SEC Filing  
3/9/2015Ltd AceMajor ShareholderSell3,000,000$8.00$24,000,000.00View SEC Filing  
2/24/2015Nathan J SchultzInsiderSell31,919$8.50$271,311.50View SEC Filing  
1/14/2015Nathan J SchultzInsiderSell143$7.00$1,001.00View SEC Filing  
6/25/2014Nathan J SchultzInsiderSell31,776$8.00$254,208.00View SEC Filing  
6/18/2014Nathan J SchultzInsiderSell31,776$7.00$222,432.00View SEC Filing  
6/10/2014Nathan J SchultzInsiderSell54,731$6.96$380,927.76View SEC Filing  
6/9/2014John E YorkDirectorBuy2,000$6.74$13,480.00View SEC Filing  
6/9/2014Nathan J SchultzInsiderSell64,350$6.36$409,266.00View SEC Filing  
3/11/2014Barry MccarthyDirectorBuy30,000$6.38$191,400.00View SEC Filing  
2/20/2014Daniel RosensweigCEOBuy15,504$6.57$101,861.28View SEC Filing  
11/26/2013Barry MccarthyDirectorBuy10,000$8.29$82,900.00View SEC Filing  
11/22/2013Robert C ChesnutSVPBuy13,000$7.61$98,930.00View SEC Filing  
11/20/2013Barry MccarthyDirectorBuy11,800$8.50$100,300.00View SEC Filing  
11/18/2013Daniel RosensweigCEOBuy1,000$12.50$12,500.00View SEC Filing  
11/15/2013Ted SchleinDirectorBuy20,000$9.14$182,800.00View SEC Filing  
11/14/2013Daniel RosensweigCEOBuy5,000$9.51$47,550.00View SEC Filing  
11/13/2013Barry MccarthyDirectorBuy30,000$10.02$300,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Chegg (NYSE:CHGG)
Latest Headlines for Chegg (NYSE:CHGG)
Source:
DateHeadline
americanbankingnews.com logo Analysts Anticipate Chegg, Inc. (CHGG) Will Post Earnings of -$0.09 Per Share
www.americanbankingnews.com - August 16 at 6:30 AM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : August 15, 2017
finance.yahoo.com - August 15 at 5:53 PM
finance.yahoo.com logoEdited Transcript of CHGG earnings conference call or presentation 25-Jul-17 8:30pm GMT
finance.yahoo.com - August 12 at 4:44 PM
finance.yahoo.com logoChegg Announces the Closing of its Follow-on Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares
finance.yahoo.com - August 8 at 4:53 PM
finance.yahoo.com logoj2 Global (JCOM) Q2 Earnings and Revenues Lag Estimates
finance.yahoo.com - August 7 at 5:38 PM
streetinsider.com logoChegg (CHGG) Prices 10M Share Follow-On Offering at $13.50/Sh
www.streetinsider.com - August 3 at 6:43 PM
finance.yahoo.com logoWhy Chegg Shares Jumped Today
finance.yahoo.com - August 3 at 6:43 PM
seekingalpha.com logoI Love The Chegg Story - Not So Sure On Valuation - Chegg, Inc ... - Seeking Alpha
seekingalpha.com - August 2 at 10:56 PM
finance.yahoo.com logoChegg Announces Pricing of Follow-on Offering
finance.yahoo.com - August 2 at 10:56 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Insider Charles Geiger Sells 81,968 Shares
www.americanbankingnews.com - August 2 at 10:28 PM
streetinsider.com logoChegg (CHGG) Commences 8M Common Stock Offering - StreetInsider.com
www.streetinsider.com - August 1 at 10:55 PM
finance.yahoo.com logoChegg, Inc. :CHGG-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017
finance.yahoo.com - August 1 at 5:52 PM
streetinsider.com logoChegg (CHGG) Commences 8M Common Stock Offering
www.streetinsider.com - July 31 at 10:09 PM
finance.yahoo.com logoChegg Announces Proposed Follow-on Offering
finance.yahoo.com - July 31 at 10:09 PM
americanbankingnews.com logoChegg, Inc. (CHGG) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - July 28 at 10:27 PM
americanbankingnews.com logoChegg, Inc. (CHGG) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 28 at 9:09 PM
seekingalpha.com logoChegg: Can The Run Continue? - Seeking Alpha
seekingalpha.com - July 28 at 6:50 PM
nasdaq.com logoChegg (CHGG) Reports Narrower-than-Estimated Loss in Q2 - Nasdaq
www.nasdaq.com - July 27 at 4:39 PM
finance.yahoo.com logoChegg (CHGG) Reports Narrower-than-Estimated Loss in Q2
finance.yahoo.com - July 27 at 4:38 PM
americanbankingnews.com logoChegg, Inc. (CHGG) Given New $18.00 Price Target at BMO Capital Markets
www.americanbankingnews.com - July 26 at 6:51 PM
marketwatch.com logoChegg shares sink after second-quarter loss - MarketWatch
www.marketwatch.com - July 26 at 5:42 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Stock Rating Reaffirmed by J P Morgan Chase & Co
www.americanbankingnews.com - July 26 at 12:41 PM
seekingalpha.com logoChegg's (CHGG) CEO Daniel Rosensweig on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 26 at 3:13 AM
finance.yahoo.com logoChegg shares sink after second-quarter loss
finance.yahoo.com - July 25 at 10:13 PM
finance.yahoo.com logoChegg reports 2Q loss
finance.yahoo.com - July 25 at 10:13 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Issues Earnings Results
www.americanbankingnews.com - July 25 at 9:04 PM
finance.yahoo.com logoThe Zacks Analyst Blog Highlights: Akamai, Chegg and Shutterfly
finance.yahoo.com - July 25 at 5:10 PM
finance.yahoo.com logoInvestor Network: Chegg, Inc. to Host Earnings Call
finance.yahoo.com - July 25 at 5:09 PM
finance.yahoo.com logoChegg Reports Q2 2017 Financial Results and Raises Full Year Guidance
finance.yahoo.com - July 25 at 5:09 PM
nasdaq.com logoInternet Stocks' Q2 Earnings Due on Jul 25: AKAM, CHGG, SFLY - Nasdaq
www.nasdaq.com - July 24 at 4:44 PM
americanbankingnews.com logoCritical Contrast: China Distance Education Holdings Limited (DL) & Chegg (NYSE:CHGG)
www.americanbankingnews.com - July 22 at 8:28 AM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : July 21, 2017
finance.yahoo.com - July 21 at 3:26 PM
finance.yahoo.com logoCramer's lightning round: I'm all in on this financial with great leadership
finance.yahoo.com - July 21 at 12:03 AM
nasdaq.com logoNotable Thursday Option Activity: CHGG, TGT, PANW - Nasdaq
www.nasdaq.com - July 20 at 7:00 PM
finance.yahoo.com logoCramer's lightning round: I'm all in on this financial with great leadership
finance.yahoo.com - July 18 at 11:39 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Insider Sells $1,400,000.00 in Stock
www.americanbankingnews.com - July 18 at 7:25 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Insider Sells $686,500.00 in Stock
www.americanbankingnews.com - July 18 at 7:25 PM
americanbankingnews.com logoChina Distance Education Holdings (DL) and Chegg (NYSE:CHGG) Financial Contrast
www.americanbankingnews.com - July 15 at 9:02 PM
seekingalpha.com logoChegg: Stay Cautious - Seeking Alpha
seekingalpha.com - July 15 at 12:20 AM
americanbankingnews.com logoHead-To-Head Contrast: China Distance Education Holdings Limited (DL) and Chegg (CHGG)
www.americanbankingnews.com - July 13 at 2:18 PM
finance.yahoo.com logoChegg, Inc. – Value Analysis (NYSE:CHGG) : July 11, 2017
finance.yahoo.com - July 11 at 6:15 PM
finance.yahoo.com logoChegg, Inc. breached its 50 day moving average in a Bullish Manner : CHGG-US : July 10, 2017
finance.yahoo.com - July 10 at 5:09 PM
finance.yahoo.com logoChegg to Announce Second Quarter 2017 Financial Results
finance.yahoo.com - July 10 at 5:09 PM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : July 10, 2017
finance.yahoo.com - July 10 at 5:09 PM
americanbankingnews.com logoCharles Geiger Sells 50,000 Shares of Chegg, Inc. (CHGG) Stock
www.americanbankingnews.com - July 6 at 7:23 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Expected to Announce Quarterly Sales of $53.07 Million
www.americanbankingnews.com - July 6 at 9:28 AM
americanbankingnews.com logo-$0.05 Earnings Per Share Expected for Chegg, Inc. (CHGG) This Quarter
www.americanbankingnews.com - July 4 at 10:30 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - July 4 at 9:02 PM
americanbankingnews.com logoChina Distance Education Holdings Limited (DL) and Chegg (CHGG) Head to Head Review
www.americanbankingnews.com - July 4 at 8:24 AM
americanbankingnews.com logoHead-To-Head Contrast: Houghton Mifflin Harcourt Company (HMHC) vs. Chegg (NYSE:CHGG)
www.americanbankingnews.com - July 4 at 8:24 AM

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Chart

Chegg (CHGG) Chart for Thursday, August, 17, 2017

This page was last updated on 8/17/2017 by MarketBeat.com Staff