NYSE:CHGG - Chegg Stock Price, News & Analysis

$40.57
-0.40 (-0.98 %)
(As of 08/20/2019 03:28 PM ET)
Today's Range
$40.46
Now: $40.57
$41.04
50-Day Range
$39.54
MA: $42.85
$46.96
52-Week Range
$22.67
Now: $40.57
$48.22
Volume33,123 shs
Average Volume1.71 million shs
Market Capitalization$4.85 billion
P/E Ratio450.44
Dividend YieldN/A
Beta0.99
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. Read More…

Industry, Sector and Symbol

Industry Educational services
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone408-855-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$321.08 million
Cash Flow$0.4372 per share
Book Value$3.57 per share

Profitability

Net Income$-14,890,000.00

Miscellaneous

Employees1,087
Market Cap$4.85 billion
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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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 buyback plan on Thursday, March 29th 2018, which allows the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 0.9% of its shares through a private placement purchase. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

How were Chegg's earnings last quarter?

Chegg Inc (NYSE:CHGG) posted its quarterly earnings results on Monday, July, 29th. The technology company reported $0.10 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.06. The technology company had revenue of $93.90 million for the quarter, compared to the consensus estimate of $92.44 million. Chegg had a negative net margin of 4.07% and a positive return on equity of 7.12%. Chegg's revenue was up 26.5% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. View Chegg's Earnings History.

When is Chegg's next earnings date?

Chegg is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Chegg.

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

Chegg updated its third quarter 2019 earnings guidance on Monday, July, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $88-90 million, compared to the consensus revenue estimate of $88.3 million.

What price target have analysts set for CHGG?

11 Wall Street analysts have issued twelve-month price targets for Chegg's shares. Their predictions range from $30.00 to $55.00. On average, they anticipate Chegg's share price to reach $43.80 in the next year. This suggests a possible upside of 8.0% from the stock's current price. 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 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Chegg.

What are Wall Street analysts saying about Chegg stock?

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. " (7/10/2019)
  • 2. Barrington Research analysts commented, "Valuation/: As the company moves towards the bundling of its services (fall 2019), the deployment of text-based tutoring (2H/19) and international expansion (fall 2019), we believe Chegg has opportunities to increase its reach by moving more significantly into high school, which, in turn, will help attract a greater portion of incoming college freshmen to its services and by moving more into international markets (Canada, the U.K., Australia) over time. Chegg has risen nearly 35% YTD (after rising 74% in 2018) and is trading at 8.9x our 2020 revenue estimate, at a premium to its Ed Tech peers (5.3x) and a group of high-growth SaaS companies (7.1x). Nevertheless, we are reiterating our OUTPERFORM investment rating and 12-month price target of $44 on the basis of its sustainable, above-average revenue growth." (4/17/2019)

Has Chegg been receiving favorable news coverage?

Media stories about CHGG stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Chegg earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Chegg.

Who are some of Chegg's key 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 Netflix (NFLX), Twilio (TWLO), Alibaba Group (BABA), Bank of America (BAC), NVIDIA (NVDA), Intelsat (I), Square (SQ), Advanced Micro Devices (AMD), Micron Technology (MU) and Splunk (SPLK).

Who are Chegg's key executives?

Chegg's management team includes the folowing 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)

Who are Chegg's major shareholders?

Chegg's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (10.43%), Vanguard Group Inc. (9.43%), Primecap Management Co. CA (5.64%), Sylebra Capital Ltd (2.96%), Bank of America Corp DE (2.35%) and TimesSquare Capital Management LLC (1.74%). 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, John Paul Fillmore, Marne L Levine, Michael A Osier, Nathan J Schultz, Renee Varni Budig, 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, Invesco Ltd., Vanguard Group Inc., SG Americas Securities LLC, Columbus Circle Investors, Jane Street Group LLC, Price T Rowe Associates Inc. MD and Daiwa Securities Group Inc.. 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, Renee Varni Budig and Ted Schlein. View Insider Buying and Selling for Chegg.

Which institutional investors are buying Chegg stock?

CHGG stock was purchased by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Baillie Gifford & Co., Renaissance Technologies LLC, TimesSquare Capital Management LLC, Nuveen Asset Management LLC, Canada Pension Plan Investment Board, Amundi Pioneer Asset Management Inc. and Berkshire Capital Holdings Inc.. 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 $40.57.

How big of a company is Chegg?

Chegg has a market capitalization of $4.85 billion and generates $321.08 million in revenue each year. The technology company earns $-14,890,000.00 in net income (profit) each year or $0.09 on an earnings per share basis. Chegg employs 1,087 workers across the globe.View Additional Information About Chegg.

What is Chegg's official website?

The official website for Chegg is http://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]


MarketBeat Community Rating for Chegg (NYSE CHGG)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  515 (Vote Outperform)
Underperform Votes:  385 (Vote Underperform)
Total Votes:  900
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.
This page was last updated on 8/20/2019 by MarketBeat.com Staff

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