S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
NYSE:CHGG

Chegg Stock Forecast, Price & News

$28.19
-1.24 (-4.21%)
(As of 12/7/2021 04:00 PM ET)
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Today's Range
$28.13
$30.17
50-Day Range
$24.99
$69.96
52-Week Range
$24.25
$115.21
Volume
6.43 million shs
Average Volume
2.52 million shs
Market Capitalization
$4.09 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
0.89
30 days | 90 days | 365 days | Advanced Chart
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Chegg logo

About Chegg

Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades and test scores. The firm offers required and non-required scholastic materials including textbooks in any format, access to online homework help and textbook solutions, course organization and scheduling, college and university matching tools and scholarship connections. Its services include Chegg study, writing, tutors and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.

Headlines

Chegg Stock is Ready for Bargain Hunters
November 29, 2021 |  marketbeat.com
Chegg (NYSE:CHGG) Stock Price Down 2%
December 7, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Educational services
Sub-Industry
N/A
Fax
N/A
Employees
1,941
Year Founded
2005

Sales & Book Value

Annual Sales
$644.34 million
Cash Flow
$1.68 per share
Book Value
$9.34 per share

Profitability

Net Income
$-6.22 million
Pretax Margin
1.10%

Debt

Price-To-Earnings

Miscellaneous

Free Float
142,193,000
Market Cap
$4.09 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/31/2021
Today
12/08/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/14/2022

Social Links


MarketRank

Overall MarketRank

2.58 out of 5 stars

Computer And Technology Sector

122nd out of 897 stocks

Educational Services Industry

5th out of 50 stocks

Analyst Opinion: 4.2Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -












Chegg (NYSE:CHGG) Frequently Asked Questions

Is Chegg a buy right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last twelve months. There are currently 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Chegg stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHGG, but not buy additional shares or sell existing shares.
View analyst ratings for Chegg
or view top-rated stocks.

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

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 (WHO). Since then, CHGG stock has decreased by 23.3% and is now trading at $28.19.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Chegg?

Chegg saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 9,400,000 shares, a drop of 29.4% from the October 31st total of 13,320,000 shares. Based on an average trading volume of 4,320,000 shares, the days-to-cover ratio is currently 2.2 days.
View Chegg's Short Interest
.

When is Chegg's next earnings date?

Chegg is scheduled to release its next quarterly earnings announcement on Monday, February 14th 2022.
View our earnings forecast for Chegg
.

How were Chegg's earnings last quarter?

Chegg, Inc. (NYSE:CHGG) released its earnings results on Sunday, October, 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.01. The technology company earned $171.90 million during the quarter, compared to the consensus estimate of $173.79 million. Chegg had a trailing twelve-month return on equity of 11.02% and a net margin of 0.04%. Chegg's revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS.
View Chegg's earnings history
.

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

Chegg updated its FY 2021 earnings guidance on Monday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $762 million-$764 million, compared to the consensus revenue estimate of $812.75 million.

What price target have analysts set for CHGG?

15 equities research analysts have issued 1 year price objectives for Chegg's stock. Their forecasts range from $49.00 to $120.00. On average, they expect Chegg's share price to reach $79.67 in the next twelve months. This suggests a possible upside of 182.6% from the stock's current price.
View analysts' price targets for Chegg
or view top-rated stocks among Wall Street analysts.

Who are Chegg's key executives?

Chegg's management team includes the following people:
  • Dan Rosensweig, Co-Chairman, President & Chief Executive Officer
  • Andrew J. Brown, Controller, Chief Financial & Accounting Officer
  • Nathan Schultz, President-Learning Services
  • Mitch Spolan, Executive Vice President-Marketing Services
  • John Fillmore, President-Chegg Skills

What is Dan Rosensweig's approval rating as Chegg's CEO?

382 employees have rated Chegg CEO Dan Rosensweig on Glassdoor.com. Dan Rosensweig has an approval rating of 91% among Chegg's employees. This puts Dan Rosensweig in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Advanced Micro Devices (AMD), Square (SQ), Tesla (TSLA), DocuSign (DOCU), salesforce.com (CRM), PayPal (PYPL), Zoom Video Communications (ZM), Netflix (NFLX) and Teladoc Health (TDOC).

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 investors include Baillie Gifford & Co. (12.79%), Alliancebernstein L.P. (6.87%), Artisan Partners Limited Partnership (5.34%), Wellington Management Group LLP (3.57%), Sands Capital Management LLC (1.19%) and Geode Capital Management LLC (1.19%). Company insiders that own Chegg stock include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, John E York, John Paul Fillmore, Marne L Levine, Michael A Osier, Nathan J Schultz, Paul Leblanc, 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 Neuberger Berman Group LLC, Wellington Management Group LLP, Two Sigma Advisers LP, SG Americas Securities LLC, Artisan Partners Limited Partnership, Franklin Resources Inc., Natixis, and Primecap Management Co. CA. Company insiders that have sold Chegg company stock in the last year include Daniel Rosensweig, Esther Lem, John Paul Fillmore, and Nathan J Schultz.
View insider buying and selling activity for Chegg
or view top insider-selling stocks.

Which institutional investors are buying Chegg stock?

CHGG stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., PEAK6 Investments LLC, Stephens Investment Management Group LLC, Voloridge Investment Management LLC, Nordea Investment Management AB, American Century Companies Inc., AMI Asset Management Corp, and Sycomore Asset Management. Company insiders that have bought Chegg stock in the last two years include Daniel Rosensweig, Paul Leblanc, and Ted Schlein.
View insider buying and selling activity for Chegg
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Chegg's stock price today?

One share of CHGG stock can currently be purchased for approximately $28.19.

How much money does Chegg make?

Chegg has a market capitalization of $4.09 billion and generates $644.34 million in revenue each year. The technology company earns $-6.22 million in net income (profit) each year or ($0.06) on an earnings per share basis.

How many employees does Chegg have?

Chegg employs 1,941 workers across the globe.

Does Chegg have any subsidiaries?

The following companies are subsidiares of Chegg: Campus Special, Chegg India Private Limited, Chegg M.E. Ltd, Cramster Holding Corp, Cramster Inc, Good Ascent Corporation Limited, Imagine Easy Solutions, Imagine Easy Technology Solutions GmbH, InstaEDU, Internships.com, MATH 42, Mathway, RefME, StudyBlue, Thinkful, Thinkful Inc, Thinkful SPV LLC, and WriteLab.

When was Chegg founded?

Chegg was founded in 2005.

What is Chegg's official website?

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

Where are Chegg's headquarters?

Chegg is headquartered at 3990 FREEDOM CIRCLE, SANTA CLARA CA, 95054.

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 12/8/2021 by MarketBeat.com Staff

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