NYSE:CHGGChegg Stock Price, Forecast & News

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 shares have increased by 56.9% and is now trading at $57.64. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Chegg.

Chegg is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Chegg.

Chegg Inc (NYSE:CHGG) announced its quarterly earnings results on Monday, May, 4th. The technology company reported $0.22 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.20. The technology company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $119.48 million. Chegg had a positive return on equity of 12.53% and a negative net margin of 2.47%. The business's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. View Chegg's earnings history.

Chegg issued an update on its second quarter 2020 After-Hours earnings guidance on Monday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $135-137 million, compared to the consensus revenue estimate of $123.81 million.

13 Wall Street analysts have issued 12 month target prices for Chegg's shares. Their forecasts range from $39.00 to $70.00. On average, they expect Chegg's stock price to reach $54.83 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View analysts' price targets for Chegg.

News articles about CHGG stock have been trending very negative recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Chegg earned a daily sentiment score of -3.1 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutChegg.

Chegg saw a drop in short interest in May. As of May 15th, there was short interest totaling 16,420,000 shares, a drop of 6.0% from the April 30th total of 17,470,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the short-interest ratio is presently 5.2 days. Currently, 13.9% of the company's shares are short sold. View Chegg's Current Options Chain.

Some companies that are related to Chegg include New Oriental Education & Tech Grp (EDU), GSX Techedu (GSX), Grand Canyon Education (LOPE), Strategic Education (STRA), Youdao (DAO), Laureate Education (LAUR), Graham (GHC), Adtalem Global Education (ATGE), Afya (AFYA), Arco Platform (ARCE), Hailiang Education Group (HLG), Perdoceo Education (PRDO), K12 (LRN), Bright Scholar Education Holdngs (BEDU) and OneSmart International Edun Gr (ONE). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Paypal (PYPL), Square (SQ), Twilio (TWLO), Adobe (ADBE), DexCom (DXCM), Netflix (NFLX) and Teladoc Health (TDOC).

Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG."

Chegg's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (11.66%), Fred Alger Management LLC (4.98%), Wellington Management Group LLP (3.75%), Alliancebernstein L.P. (3.09%), Primecap Management Co. CA (2.71%) and Sylebra Capital Ltd (2.56%). Company insiders that own Chegg stock include Andrew J Brown, 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, Richard Sarnoff, Robin Tomasello and Ted Schlein. View institutional ownership trends for Chegg.

CHGG stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Alliancebernstein L.P., Deutsche Bank AG, Morgan Stanley, Morgan Stanley, Sylebra Capital Ltd, Emerald Mutual Fund Advisers Trust, and UBS Group AG. 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, Richard Sarnoff, and Robin Tomasello. View insider buying and selling activity for Chegg.

CHGG stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Fred Alger Management LLC, Lord Abbett & CO. LLC, Artemis Investment Management LLP, Artemis Investment Management LLP, Janus Henderson Group PLC, Portolan Capital Management LLC, and Russell Investments Group Ltd.. View insider buying and selling activity for 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.

One share of CHGG stock can currently be purchased for approximately $57.64.

Chegg has a market capitalization of $7.13 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.

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

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]