Chegg Company Profile (NYSE:CHGG)

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

Chegg, Inc. (NYSE:CHGG) issued its quarterly earnings results on Thursday, May, 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.03. The firm had revenue of $62.60 million for the quarter, compared to analysts' expectations of $58.46 million. Chegg had a negative return on equity of 9.88% and a negative net margin of 13.18%. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. View Chegg's Earnings History.

10 equities research analysts have issued 12 month price objectives for Chegg's stock. Their forecasts range from $7.00 to $14.00. On average, they expect Chegg's stock price to reach $11.20 in the next year. View Analyst Ratings for Chegg.

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. " (7/4/2017)
• 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)

Some companies that are related to Chegg include Amkor Technology (AMKR), Box (BOX), Semtech Corporation (SMTC), Anixter International (AXE), Yelp (YELP), Cree (CREE), Viavi Solutions (VIAV), New Relic (NEWR), Tower Semiconductor (TSEM), Fih Mobile Ltd (FXCNY), Verint Systems (VRNT), Paylocity Holding Corporation (PCTY), Power Integrations (POWI), Scientific Games Corp (SGMS), 2U (TWOU), TiVo Corporation (TIVO), Pandora Media (P) and Generac Holdlings (GNRC).

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

Chegg's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.11%) and US Bancorp DE (0.01%). 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.

Chegg's stock was sold by a variety of institutional investors in the last quarter, including US Bancorp DE. 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.

Chegg's stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can. 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.

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.

One share of Chegg stock can currently be purchased for approximately $14.22.