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 RatioN/A
Current Ratio4.38
Quick Ratio4.38
Price-To-Earnings
Trailing P/E Ratio-324.78
Forward P/E Ratio485.50
P/E Growth19.94
Sales & Book Value
Annual Sales$255.07 million
Price / Sales12.81
Cash Flow$0.1138 per share
Price / Cash256.04
Book Value$3.61 per share
Price / Book8.07
Profitability
EPS (Most Recent Fiscal Year)($0.09)
Net Income$-20,280,000.00
Net Margins-6.12%
Return on Equity-0.95%
Return on Assets-0.81%
Miscellaneous
Employees893
Outstanding Shares112,150,000
Market Cap$3,243.35
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 approved a share repurchase program on Thursday, March 29th 2018, which authorizes the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 0.9% of its shares through a private placement purchase. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
How were Chegg's earnings last quarter?
Chegg Inc (NYSE:CHGG) announced its quarterly earnings data on Thursday, April, 26th. The technology company reported $0.10 EPS for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.01. The technology company earned $76.95 million during the quarter, compared to analysts' expectations of $74.15 million. Chegg had a negative net margin of 6.12% and a negative return on equity of 0.95%. The business's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period 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 brokerages have issued twelve-month price objectives for Chegg's shares. Their forecasts range from $14.00 to $32.00. On average, they anticipate Chegg's stock price to reach $22.00 in the next year. This suggests that the stock has a possible downside of 24.5%. View Analyst Ratings 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."
Who are some of Chegg's key competitors?
Some companies that are related to Chegg include Grand Canyon Education (LOPE), Adtalem Global Education (ATGE), Graham (GHC), Laureate International Universities (LAUR), Bright Scholar Education Holdngs (BEDU), Hailiang Education Group (HLG), OneSmart International Edun Gr (ONE), "Puxin Limited" (NEW), Strayer Education (STRA), Career Education (CECO), Capella Education (CPLA), Sunlands Online Education Group (STG), RISE Education Cayman (REDU), American Public Education (APEI) 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. Jenny Brandemuehl, Chief People Officer (Age 54)
- Ms. Robin Tomasello, Principal Accounting Officer, VP & Controller (Age 47)
- Mr. Dave Borders Jr., Esq., Gen. Counsel and Sec. (Age 44)
Has Chegg been receiving favorable news coverage?
News coverage about CHGG stock has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Chegg earned a news sentiment score of 0.12 on Accern's scale. They also gave media stories about the technology company an impact score of 45.39 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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 $29.13.
How big of a company is Chegg?
Chegg has a market capitalization of $3.24 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.
