NYSE:CHGGChegg Stock Price, Forecast & News

$60.32

-0.15 (-0.25 %)

(As of 05/29/2020 03:34 PM ET)

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Today's Range

$59.54

Now: $60.32▼

$62.07

50-Day Range

$35.13

MA: $49.67▼

$66.66

52-Week Range

$25.89

Now: $60.32▼

$67.98

Volume164,407 shs

Average Volume5.83 million shs

Market Capitalization$7.46 billion

P/E RatioN/A

Dividend YieldN/A

Beta0.95

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; and Chegg Math solver, which helps students to get math help through self-guided and individualized math solutions The company also offers Other Services, such as Test Prep, internships, college admission and scholarship services; rents and sells print textbooks and eTextbooks; and offers supplemental materials and textbook buyback services. Chegg, Inc. was founded in 2003 and is headquartered in Santa Clara, California.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Chegg has received a consensus rating of Buy. The company's average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $54.83, Chegg has a potential downside of 9.1% from its current price of $60.31.
Amount of Analyst Coverage
Chegg has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Chegg has received 722 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Chegg has received 548 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Chegg has received 56.85% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Chegg does not currently pay a dividend.
Dividend Growth
Chegg does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chegg insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,571,826.00 in company stock.
Percentage Held by Insiders
Only 3.10% of the stock of Chegg is held by insiders.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Chegg are expected to grow by 41.27% in the coming year, from $0.63 to $0.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chegg is -548.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chegg is -548.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Chegg has a PEG Ratio of 3.23. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Chegg has a P/B Ratio of 16.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.42 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Educational services

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:CHGG

Previous Symbol

CUSIPN/A

CIK1364954

Webwww.chegg.com

Phone408-855-5700

Debt

Debt-to-Equity Ratio1.97

Current Ratio7.93

Quick Ratio7.93

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio95.75

P/E Growth3.23

Sales & Book Value

Annual Sales$410.93 million

Price / Sales18.15

Cash Flow$1.04 per share

Price / Cash Flow58.06

Book Value$3.74 per share

Price / Book16.13

Profitability

EPS (Most Recent Fiscal Year)$0.41

Net Income$-9,600,000.00

Net Margins-2.47%

Return on Equity12.53%

Return on Assets4.04%

Miscellaneous

Employees1,401

Outstanding Shares123,650,000

Market Cap$7.46 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Chegg (NYSE:CHGG) Frequently Asked Questions

How has Chegg's stock been impacted by COVID-19 (Coronavirus)?

Chegg's stock was trading at $36.74 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CHGG stock has increased by 64.2% and is now trading at $60.31. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Chegg?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Chegg.

When is Chegg's next earnings date?

Chegg is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Chegg.

How were Chegg's earnings last quarter?

Chegg Inc (NYSE:CHGG) announced its quarterly earnings results on Monday, May, 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.20. The technology company had revenue of $131.60 million for the quarter, compared to analysts' expectations of $119.48 million. Chegg had a negative net margin of 2.47% and a positive return on equity of 12.53%. The firm's revenue for the quarter was up 35.1% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. View Chegg's earnings history.

What guidance has Chegg issued on next quarter's earnings?

Chegg updated its second quarter 2020 After-Hours earnings guidance on Monday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $135-137 million, compared to the consensus revenue estimate of $123.81 million.

What price target have analysts set for CHGG?

13 Wall Street analysts have issued 12-month target prices for Chegg's stock. Their forecasts range from $39.00 to $70.00. On average, they anticipate Chegg's stock price to reach $54.83 in the next twelve months. This suggests that the stock has a possible downside of 9.1%. View analysts' price targets for Chegg.

Has Chegg been receiving favorable news coverage?

Media stories about CHGG stock have trended negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Chegg earned a news impact score of -2.4 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutChegg.

Are investors shorting Chegg?

Chegg saw a drop in short interest in May. As of May 15th, there was short interest totaling 16,420,000 shares, a drop of 6.0% from the April 30th total of 17,470,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the short-interest ratio is currently 5.2 days. Currently, 13.9% of the company's stock are sold short. View Chegg's Current Options Chain.

Who are some of Chegg's key competitors?

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

What other stocks do shareholders of Chegg own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Paypal (PYPL), Square (SQ), Twilio (TWLO), Adobe (ADBE), DexCom (DXCM), Netflix (NFLX) and Teladoc Health (TDOC).

Who are Chegg's key executives?

Chegg's management team includes the following 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)
Ms. Jenny Brandemuehl, Chief People Officer (Age 55)

What is Chegg's stock symbol?

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

Who are Chegg's major shareholders?

Chegg's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (11.66%), Fred Alger Management LLC (4.98%), Wellington Management Group LLP (3.75%), Alliancebernstein L.P. (3.09%), Primecap Management Co. CA (2.71%) and Sylebra Capital Ltd (2.56%). 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, Richard Sarnoff, Robin Tomasello and Ted Schlein. View institutional ownership trends for Chegg.

Which institutional investors are selling Chegg stock?

CHGG stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Alliancebernstein L.P., Deutsche Bank AG, Morgan Stanley, Morgan Stanley, Sylebra Capital Ltd, Emerald Mutual Fund Advisers Trust, and UBS Group AG. 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, Richard Sarnoff, and Robin Tomasello. View insider buying and selling activity for Chegg.

Which institutional investors are buying Chegg stock?

CHGG stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Fred Alger Management LLC, Lord Abbett & CO. LLC, Artemis Investment Management LLP, Artemis Investment Management LLP, Janus Henderson Group PLC, Portolan Capital Management LLC, and Russell Investments Group Ltd.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Chegg's stock price today?

One share of CHGG stock can currently be purchased for approximately $60.31.

How big of a company is Chegg?

Chegg has a market capitalization of $7.46 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 1,401 workers across the globe.

What is Chegg's official website?

The official website for Chegg is www.chegg.com.

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff