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; Chegg Math, an adaptive math technology and developer of the math application; Brand Partnership, which offers various ways for student-relevant brands to reach and engage high school and college students; Test Prep that provides students with an online adaptive test preparation services; and internships services. The company rents and sells print textbooks and eTextbooks; and offers supplemental materials and textbook buyback services. The company has a strategic alliance with Ingram Content Group. Chegg, Inc. was founded in 2003 and is headquartered in Santa Clara, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Educational services
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:CHGG
CUSIPN/A
Phone408-855-5700
Debt
Debt-to-Equity Ratio0.71
Current Ratio10.11
Quick Ratio10.11
Price-To-Earnings
Trailing P/E Ratio-349.69
Forward P/E Ratio450.29
P/E Growth15.69
Sales & Book Value
Annual Sales$255.07 million
Price / Sales14.08
Cash Flow$0.1146 per share
Price / Cash275.09
Book Value$3.61 per share
Price / Book8.73
Profitability
EPS (Most Recent Fiscal Year)($0.09)
Net Income$-20,280,000.00
Net Margins-5.01%
Return on Equity0.87%
Return on Assets0.65%
Miscellaneous
Employees893
Outstanding Shares113,960,000
Market Cap$3.54 billion
Chegg (NYSE:CHGG) Frequently Asked Questions
What is Chegg's stock symbol?
Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG."
How will Chegg's stock buyback program work?
Chegg announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 29th 2018, which permits the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 0.9% of its shares through a private placement purchase. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
How were Chegg's earnings last quarter?
Chegg Inc (NYSE:CHGG) released its quarterly earnings results on Monday, July, 30th. The technology company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.08 by $0.04. The technology company earned $74.22 million during the quarter, compared to analysts' expectations of $70.16 million. Chegg had a negative net margin of 5.01% and a positive return on equity of 0.87%. The business's revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. View Chegg's Earnings History.
When is Chegg's next earnings date?
What price target have analysts set for CHGG?
11 equities research analysts have issued twelve-month price objectives for Chegg's shares. Their forecasts range from $14.00 to $32.00. On average, they expect Chegg's stock price to reach $23.4444 in the next year. This suggests that the stock has a possible downside of 25.6%. View Analyst Price Targets for Chegg.
What is the consensus analysts' recommendation for Chegg?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 7 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Chegg.
Who are some of Chegg's key competitors?
Some companies that are related to Chegg include TAL Education Group (TAL), New Oriental Education & Tech Grp (EDU), Grand Canyon Education (LOPE), Laureate Education (LAUR), Graham (GHC), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Strayer Education (STRA), Bright Scholar Education Holdngs (BEDU), OneSmart International Edun Gr (ONE), Capella Education (CPLA), Career Education (CECO), Sunlands Online Education Group (STG), Puxin (NEW) and K12 (LRN).
Who are Chegg's key executives?
Chegg's management team includes the folowing people:
- Mr. Daniel Lee Rosensweig, Chairman, CEO & Pres (Age 56)
- Mr. Andrew J. Brown, Chief Financial Officer (Age 58)
- Ms. Esther Lem, Chief Marketing Officer (Age 62)
- Mr. Charles Geiger, Chief Product Officer (Age 51)
- Mr. Nathan Schultz, Chief Learning Officer (Age 41)
Has Chegg been receiving favorable news coverage?
News headlines about CHGG stock have been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chegg earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave media coverage about the technology company an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Chegg.
Who are Chegg's major shareholders?
Chegg's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.83%), Sylebra HK Co Ltd (5.83%), FMR LLC (5.55%), Gilder Gagnon Howe & Co. LLC (5.21%), Baillie Gifford & Co. (4.16%) and Fred Alger Management Inc. (2.50%). Company insiders that own Chegg stock include Andrew J Brown, Charles Geiger, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jeffrey T Housenbold, Jenny Brandemuehl, John E York, Michael A Osier, Nathan J Schultz, Renee Varni Budig and Robin Tomasello. View Institutional Ownership Trends for Chegg.
Which major investors are selling Chegg stock?
CHGG stock was sold by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Russell Investments Group Ltd., Ashford Capital Management Inc., Castleark Management LLC, Granahan Investment Management Inc. MA, Summit Creek Advisors LLC, Millennium TVP Management Co. LLC and Penn Capital Management Co. Inc.. Company insiders that have sold Chegg company stock in the last year include Andrew J Brown, Charles Geiger, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jeffrey T Housenbold, Jenny Brandemuehl, John E York, Michael A Osier, Nathan J Schultz, Renee Varni Budig and Robin Tomasello. View Insider Buying and Selling for Chegg.
Which major investors are buying Chegg stock?
CHGG stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Bank of America Corp DE, Baillie Gifford & Co., Braun Stacey Associates Inc., Nomura Holdings Inc., Northern Trust Corp and Engineers Gate Manager LP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Chegg's stock price today?
One share of CHGG stock can currently be purchased for approximately $31.52.
How big of a company is Chegg?
Chegg has a market capitalization of $3.54 billion and generates $255.07 million in revenue each year. The technology company earns $-20,280,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis. Chegg employs 893 workers across the globe.
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]
MarketBeat Community Rating for Chegg (NYSE CHGG)
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.
