NYSE:CHGG - Chegg Stock Price, Forecast & News

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 shares have decreased by 0.7% and is now trading at $36.50. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 1 hold rating, 10 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, May 4th 2020. View our earnings forecast for Chegg.

Chegg Inc (NYSE:CHGG) released its quarterly earnings data on Monday, February, 10th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The technology company earned $125.50 million during the quarter, compared to the consensus estimate of $123.05 million. Chegg had a negative net margin of 2.34% and a positive return on equity of 11.24%. The firm's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. View Chegg's earnings history.

Chegg issued an update on its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $522-527 million, compared to the consensus revenue estimate of $520.25 million.

12 Wall Street analysts have issued 12 month target prices for Chegg's shares. Their forecasts range from $39.00 to $55.00. On average, they expect Chegg's stock price to reach $44.82 in the next year. This suggests a possible upside of 22.8% from the stock's current price. View analysts' price targets for Chegg.

Media coverage about CHGG stock has trended negative this week, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Chegg earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutChegg.

Chegg saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 18,255,900 shares, an increase of 7.1% from the February 27th total of 17,040,000 shares. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is currently 12.9 days. Approximately 15.3% 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), Laureate Education (LAUR), Youdao (DAO), Graham (GHC), Afya (AFYA), Hailiang Education Group (HLG), Adtalem Global Education (ATGE), Arco Platform (ARCE), OneSmart International Edun Gr (ONE), Bright Scholar Education Holdngs (BEDU), Perdoceo Education (PRDO) and K12 (LRN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include NVIDIA (NVDA), Twilio (TWLO), Square (SQ), Alibaba Group (BABA), Netflix (NFLX), salesforce.com (CRM), Advanced Micro Devices (AMD), Veeva Systems (VEEV), Roku (ROKU) and Splunk (SPLK).

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

Chegg's stock is owned by a number of institutional and retail investors. Top institutional investors include Wealth Quarterback LLC (134.81%), Baillie Gifford & Co. (11.98%), Alliancebernstein L.P. (3.76%), Fred Alger Management LLC (3.49%), Sylebra Capital Ltd (2.82%) and Artisan Partners Limited Partnership (2.50%). 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, 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 Fred Alger Management LLC, Zevenbergen Capital Investments LLC, Goldman Sachs Group Inc., Eagle Asset Management Inc., Cubist Systematic Strategies LLC, Artemis Investment Management LLP, Amundi Pioneer Asset Management Inc., and Emerald Mutual Fund Advisers Trust. 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, 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 Wealth Quarterback LLC, Baillie Gifford & Co., Norges Bank, Janus Henderson Group PLC, Maverick Capital Ltd., Artisan Partners Limited Partnership, Mitsubishi UFJ Trust & Banking Corp, and Marshall Wace LLP. 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 $36.50.

Chegg has a market capitalization of $4.45 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. View additional information about Chegg.

The official website for Chegg is http://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]