NYSE:CHGG Chegg Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Chegg Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $64.10 -1.16 (-1.78 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$62.84Now: $64.10▼$66.3750-Day Range$65.26MA: $75.24▼$86.9852-Week Range$25.89Now: $64.10▼$89.82Volume2.39 million shsAverage Volume3.03 million shsMarket Capitalization$7.93 billionP/E RatioN/ADividend YieldN/ABeta0.97 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingChegg has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $85.43, Chegg has a forecasted upside of 33.3% from its current price of $64.10.Amount of Analyst CoverageChegg has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.9 Community Rank Outperform VotesChegg has received 740 “outperform” votes. (Add your “outperform” vote.)Underperform VotesChegg has received 553 “underperform” votes. (Add your “underperform” vote.)Community SentimentChegg has received 57.23% “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. Previous Next 0.0 Dividend Strength Dividend YieldChegg does not currently pay a dividend.Dividend GrowthChegg does not have a long track record of dividend growth. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Chegg insiders have sold 16,117.49% more of their company's stock than they have bought. Specifically, they have bought $99,924.00 in company stock and sold $16,205,166.00 in company stock.Percentage Held by InsidersOnly 3.10% of the stock of Chegg is held by insiders. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Chegg are expected to grow by 42.65% in the coming year, from $0.68 to $0.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Chegg is -6,403.60, 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. SectorThe P/E ratio of Chegg is -6,403.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioChegg has a PEG Ratio of 3.24. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioChegg has a P/B Ratio of 15.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.84 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 Phone408-855-5700Debt Debt-to-Equity Ratio1.86 Current Ratio8.20 Quick Ratio8.20Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio94.26 P/E Growth3.24 Sales & Book Value Annual Sales$410.93 million Price / Sales19.29 Cash Flow$1.02 per share Price / Cash Flow63.10 Book Value$4.12 per share Price / Book15.56Profitability EPS (Most Recent Fiscal Year)$0.41 Net Income$-9,600,000.00 Net Margins0.32% Return on Equity15.48% Return on Assets4.99%Miscellaneous Employees1,401 Outstanding Shares123,646,000Market Cap$7.93 billion Next Earnings Date11/2/2020 (Estimated) OptionableOptionable $64.10 -1.16 (-1.78 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CHGG News and Ratings via Email Sign-up to receive the latest news and ratings for CHGG and its competitors with MarketBeat's FREE daily newsletter. Chegg (NYSE:CHGG) Frequently Asked Questions How has Chegg's stock been impacted by Coronavirus? Chegg's stock was trading at $36.74 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CHGG stock has increased by 74.5% and is now trading at $64.10. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Chegg? 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 3 hold ratings, 10 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, November 2nd 2020. View our earnings forecast for Chegg. How were Chegg's earnings last quarter? Chegg Inc (NYSE:CHGG) released its quarterly earnings results on Monday, August, 3rd. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The technology company had revenue of $153.01 million for the quarter, compared to analysts' expectations of $117.79 million. Chegg had a net margin of 0.32% and a return on equity of 15.48%. The company's revenue was up 63.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. View Chegg's earnings history. What guidance has Chegg issued on next quarter's earnings? Chegg issued an update on its third quarter 2020 After-Hours earnings guidance on Monday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $140-145 million, compared to the consensus revenue estimate of $123.44 million. What price target have analysts set for CHGG? 14 equities research analysts have issued twelve-month target prices for Chegg's shares. Their forecasts range from $40.00 to $105.00. On average, they expect Chegg's stock price to reach $85.43 in the next twelve months. This suggests a possible upside of 33.3% from the stock's current price. View analysts' price targets for Chegg. Who are some of Chegg's key competitors? Some companies that are related to Chegg include GSX Techedu (GSX), New Oriental Education & Tech Grp (EDU), Grand Canyon Education (LOPE), Youdao (DAO), Laureate Education (LAUR), Graham (GHC), Afya (AFYA), Strategic Education (STRA), Vasta Platform (VSTA), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), K12 (LRN), Arco Platform (ARCE), Perdoceo Education (PRDO) and Puxin (NEW). 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), Advanced Micro Devices (AMD), Square (SQ), Tesla (TSLA), salesforce.com (CRM), Docusign (DOCU), Alibaba Group (BABA), Paypal (PYPL), Netflix (NFLX) and Zoom Video Communications (ZM). 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 retail and institutional investors. Top institutional shareholders include Mint Tower Capital Management B.V. (18.18%), Copper Rock Capital Partners LLC (8.67%), Vanguard Group Inc. (8.47%), Sylebra Capital Ltd (2.47%), Gilder Gagnon Howe & Co. LLC (1.24%) and Emerald Advisers LLC (0.93%). Company insiders that own Chegg stock 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, Paul Leblanc, Renee Varni Budig, Richard Sarnoff, Robin Tomasello and Ted Schlein. 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 TimesSquare Capital Management LLC, Goldman Sachs Group Inc., Riverbridge Partners LLC, Nuveen Asset Management LLC, Emerald Advisers LLC, Mitsubishi UFJ Trust & Banking Corp, Emerald Mutual Fund Advisers Trust, and Greenhouse Funds LLLP. Company insiders that have sold Chegg company stock in the last year 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, Richard Sarnoff, and Robin Tomasello. View insider buying and selling activity for Chegg. Which major investors are buying Chegg stock? CHGG stock was bought by a variety of institutional investors in the last quarter, including Mint Tower Capital Management B.V., Copper Rock Capital Partners LLC, Neuberger Berman Group LLC, Federated Hermes Inc., Axiom International Investors LLC DE, Cubist Systematic Strategies LLC, Stephens Investment Management Group LLC, and Copper Rock Capital Partners LLC. 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 $64.10. How big of a company is Chegg? Chegg has a market capitalization of $7.93 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 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
