Chegg Company Profile (NYSE:CHGG)

About Chegg (NYSE:CHGG)

Chegg logoChegg, Inc. is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States. It also offers eTextbooks library for rent and sale. The Company also has live tutors on its connected learning platform available to students online, anytime, anywhere through its Chegg Tutors service. It provides access to internships to help students gain skills that are critical to securing their first job. It offers two product lines: Required Materials and Chegg Services. The Required Materials product line includes the rental and sale of print textbooks and eTextbooks, as well as the commission it receives from Ingram.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Education & Training Services
  • Sub-Industry: N/A
  • Symbol: NYSE:CHGG
  • CUSIP: N/A
  • Web: www.chegg.com
Capitalization:
  • Market Cap: $1.13 billion
  • Outstanding Shares: 94,451,000
Average Prices:
  • 50 Day Moving Avg: $10.19
  • 200 Day Moving Avg: $8.40
  • 52 Week Range: $4.58 - $12.19
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 28.50
  • P/E Growth: 2.16
Sales & Book Value:
  • Annual Revenue: $250.04 million
  • Price / Sales: 4.52
  • Book Value: $2.27 per share
  • Price / Book: 5.27
Profitability:
  • EBIDTA: ($11,430,000.00)
  • Net Margins: -16.63%
  • Return on Equity: -15.10%
  • Return on Assets: -11.23%
Debt:
  • Current Ratio: 1.44%
  • Quick Ratio: 1.44%
Misc:
  • Average Volume: 884,716 shs.
  • Beta: 1.74
  • Short Ratio: 44.12
 

Frequently Asked Questions for Chegg (NYSE:CHGG)

What is Chegg's stock symbol?

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

How were Chegg's earnings last quarter?

Chegg Inc (NYSE:CHGG) announced its quarterly earnings data on Thursday, May, 4th. The company reported $0.06 EPS for the quarter, topping the Zacks' consensus estimate of $0.03 by $0.03. The business had revenue of $62.60 million for the quarter, compared to analyst estimates of $58.46 million. Chegg had a negative net margin of 16.63% and a negative return on equity of 15.10%. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. View Chegg's Earnings History.

Where is Chegg's stock going? Where will Chegg's stock price be in 2017?

11 equities research analysts have issued 1 year price objectives for Chegg's shares. Their forecasts range from $7.00 to $14.00. On average, they expect Chegg's share price to reach $10.91 in the next twelve months. View Analyst Ratings for Chegg.

What are 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. " (5/5/2017)
  • 2. Jefferies Group LLC analysts commented, "Chegg reported solid Q4 results as the transformation to an all-digital business is now complete. Continued growth in Chegg Services subs (>1.5MM in 2016) and Chegg Study will be the core focus for mgmt moving forward. Investments in digital services (brand, reach, data platform and on-demand services) continue to pay off as scale drives margin improvements. We maintain our Buy rating and $12 PT. 4Q16 Results: GAAP Net Revenue declined 7% Y/Y to $63MM vs. Street at $59MM. ProForma Net Revenue was up 38% Y/Y to $56MM. Adjusted EBITDA of $14MM was in line with the Street while non-GAAP EPS of $0.10 was also in line with Street estimates. The transition to an all-digital business is now complete; Chegg Services will be the focus moving forward. Chegg Services subscribers exceeded a record 1.5MM for the year and is now the center of the flywheel." (2/14/2017)

Who are some of Chegg's key competitors?

Who owns Chegg stock?

Chegg's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (11.90%), Sylebra HK Co Ltd (7.09%), TimesSquare Capital Management LLC (4.76%), Vanguard Group Inc. (2.79%), Emerald Advisers Inc. PA (2.54%) and Ashford Capital Management Inc. (2.32%). Company insiders that own Chegg stock include Andrew J Brown, Charles Geiger, Daniel Rosensweig, Nathan J Schultz and Ted Schlein. View Institutional Ownership Trends for Chegg.

Who sold Chegg stock? Who is selling Chegg stock?

Chegg's stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Morgan Stanley, Hood River Capital Management LLC, Credit Suisse AG, JPMorgan Chase & Co., Emerald Advisers Inc. PA, Dimensional Fund Advisors LP and Engineers Gate Manager LP. Company insiders that have sold Chegg stock in the last year include Charles Geiger and Nathan J Schultz. View Insider Buying and Selling for Chegg.

Who bought Chegg stock? Who is buying Chegg stock?

Chegg's stock was acquired by a variety of institutional investors in the last quarter, including Ashford Capital Management Inc., Pier Capital LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, Spark Investment Management LLC, Vanguard Group Inc., Elk Creek Partners LLC and S Squared Technology LLC. Company insiders that have bought Chegg stock in the last two years include Andrew J Brown, Daniel Rosensweig and Ted Schlein. View Insider Buying and Selling for Chegg.

How do I buy Chegg stock?

Shares of Chegg can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Chegg stock cost?

One share of Chegg stock can currently be purchased for approximately $11.97.

Analyst Ratings

Consensus Ratings for Chegg (NYSE:CHGG) (?)
Ratings Breakdown: 1 Sell Rating, 10 Buy Ratings
Consensus Rating:Buy (Score: 2.82)
Consensus Price Target: $10.91 (8.86% downside)

Analysts' Ratings History for Chegg (NYSE:CHGG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/22/2017First AnalysisBoost Price TargetOverweight -> Overweight$12.00 -> $14.00HighView Rating Details
5/11/2017ValuEngineDowngradeHold -> Sell$10.00 -> $8.00LowView Rating Details
5/3/2017BMO Capital MarketsReiterated RatingOutperform$10.00 -> $12.00MediumView Rating Details
5/2/2017Jefferies Group LLCBoost Price TargetBuy$12.00 -> $13.00HighView Rating Details
5/2/2017Lake Street CapitalReiterated RatingBuy -> Buy$9.00 -> $12.00HighView Rating Details
5/2/2017Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$12.00HighView Rating Details
4/11/2017Northland SecuritiesInitiated CoverageOutperform$11.50LowView Rating Details
4/4/2017Craig HallumUpgradeHold -> BuyHighView Rating Details
2/14/2017Barrington ResearchBoost Price TargetOutperform$11.00 -> $12.50N/AView Rating Details
11/17/2016JPMorgan Chase & Co.Reiterated RatingBuy$10.00N/AView Rating Details
8/2/2016Piper Jaffray CompaniesBoost Price TargetOverweight$6.00 -> $7.00N/AView Rating Details
8/4/2015Bank of America CorpBoost Price TargetBuy$10.50 -> $11.00N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Chegg (NYSE:CHGG)
Earnings by Quarter for Chegg (NYSE:CHGG)
Earnings History by Quarter for Chegg (NYSE:CHGG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017Q1 2017$0.03$0.06$58.46 million$62.60 millionViewListenView Earnings Details
2/13/2017Q416$0.11$0.10$58.68 million$56.40 millionViewN/AView Earnings Details
11/7/2016Q316($0.04)($0.03)$67.89 million$71.30 millionViewListenView Earnings Details
8/1/2016Q216$0.03$0.05$67.10 million$53.00 millionViewN/AView Earnings Details
5/2/2016Q116($0.04)($0.03)$62.86 million$66.70 millionViewN/AView Earnings Details
2/22/2016Q415$0.12$0.14$72.14 million$68.20 millionViewListenView Earnings Details
11/2/2015Q315($0.15)($0.12)$78.28 million$81.30 millionViewN/AView Earnings Details
8/3/2015Q215($0.16)($0.08)$64.18 million$67.06 millionViewN/AView Earnings Details
5/6/2015Q115($0.07)($0.25)$78.20 million$84.90 millionViewN/AView Earnings Details
2/23/2015Q414$0.15$0.19$85.24 million$84.42 millionViewN/AView Earnings Details
11/3/2014Q314($0.27)($0.22)$78.27 million$81.50 millionViewN/AView Earnings Details
5/1/2014Q114($0.30)($0.22)$70.82 million$74.40 millionViewN/AView Earnings Details
2/11/2014Q413($0.35)$0.40$68.28 million$77.10 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Chegg (NYSE:CHGG)
Current Year EPS Consensus Estimate: $0.22 EPS
Next Year EPS Consensus Estimate: $0.42 EPS

Dividends

Dividend History for Chegg (NYSE:CHGG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Chegg (NYSE:CHGG)
Insider Ownership Percentage: 18.00%
Institutional Ownership Percentage: 67.17%
Insider Trades by Quarter for Chegg (NYSE:CHGG)
Institutional Ownership by Quarter for Chegg (NYSE:CHGG)
Insider Trades by Quarter for Chegg (NYSE:CHGG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/22/2017Nathan J. SchultzInsiderSell15,276$12.00$183,312.00View SEC Filing  
5/2/2017Nathan J SchultzInsiderSell76,380$10.73$819,557.40View SEC Filing  
5/1/2017Nathan J SchultzInsiderSell45,828$9.10$417,034.80View SEC Filing  
4/4/2017Nathan J SchultzInsiderSell15,279$8.55$130,635.45View SEC Filing  
8/11/2016Charles GeigerInsiderSell25,000$6.75$168,750.00View SEC Filing  
8/5/2016Charles GeigerInsiderSell45,000$6.52$293,400.00View SEC Filing  
8/2/2016Charles GeigerInsiderSell74,334$6.06$450,464.04View SEC Filing  
2/25/2016Andrew J BrownCFOBuy30,000$4.16$124,800.00View SEC Filing  
2/25/2016Daniel RosensweigCEOBuy48,842$4.09$199,763.78View SEC Filing  
2/25/2016Ted SchleinDirectorBuy25,000$4.03$100,750.00View SEC Filing  
3/9/2015Ltd AceMajor ShareholderSell3,000,000$8.00$24,000,000.00View SEC Filing  
2/24/2015Nathan J SchultzInsiderSell31,919$8.50$271,311.50View SEC Filing  
1/14/2015Nathan J SchultzInsiderSell143$7.00$1,001.00View SEC Filing  
6/25/2014Nathan J SchultzInsiderSell31,776$8.00$254,208.00View SEC Filing  
6/18/2014Nathan J SchultzInsiderSell31,776$7.00$222,432.00View SEC Filing  
6/10/2014Nathan J SchultzInsiderSell54,731$6.96$380,927.76View SEC Filing  
6/9/2014John E YorkDirectorBuy2,000$6.74$13,480.00View SEC Filing  
6/9/2014Nathan J SchultzInsiderSell64,350$6.36$409,266.00View SEC Filing  
3/11/2014Barry MccarthyDirectorBuy30,000$6.38$191,400.00View SEC Filing  
2/20/2014Daniel RosensweigCEOBuy15,504$6.57$101,861.28View SEC Filing  
11/26/2013Barry MccarthyDirectorBuy10,000$8.29$82,900.00View SEC Filing  
11/22/2013Robert C ChesnutSVPBuy13,000$7.61$98,930.00View SEC Filing  
11/20/2013Barry MccarthyDirectorBuy11,800$8.50$100,300.00View SEC Filing  
11/18/2013Daniel RosensweigCEOBuy1,000$12.50$12,500.00View SEC Filing  
11/15/2013Ted SchleinDirectorBuy20,000$9.14$182,800.00View SEC Filing  
11/14/2013Daniel RosensweigCEOBuy5,000$9.51$47,550.00View SEC Filing  
11/13/2013Barry MccarthyDirectorBuy30,000$10.02$300,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Chegg (NYSE:CHGG)
Latest Headlines for Chegg (NYSE:CHGG)
Source:
DateHeadline
americanbankingnews.com logoChegg Inc (CHGG) Insider Sells $183,312.00 in Stock
www.americanbankingnews.com - May 24 at 10:56 PM
americanbankingnews.com logoChegg Inc (CHGG) Price Target Raised to $14.00
www.americanbankingnews.com - May 22 at 7:36 AM
zacks.com logoWhy Chegg, Inc. (CHGG) Could Be an Impressive Growth Stock
www.zacks.com - May 16 at 8:12 AM
americanbankingnews.com logoChegg Inc (CHGG) Expected to Announce Quarterly Sales of $53.07 Million
www.americanbankingnews.com - May 14 at 9:15 AM
americanbankingnews.com logoChegg Inc (CHGG) Rating Lowered to Sell at ValuEngine
www.americanbankingnews.com - May 13 at 3:22 PM
americanbankingnews.com logoChegg Inc (CHGG) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 12 at 6:42 PM
americanbankingnews.com logo Analysts Expect Chegg Inc (CHGG) Will Post Earnings of -$0.05 Per Share
www.americanbankingnews.com - May 12 at 6:20 PM
zacks.com logoEarnings Estimates Moving Higher for Chegg (CHGG): Time to Buy?
www.zacks.com - May 10 at 8:22 AM
nasdaq.com logoCommit To Purchase Chegg At $10, Earn 11.1% Annualized Using Options
www.nasdaq.com - May 8 at 4:11 PM
americanbankingnews.com logoChegg Inc (CHGG) Lifted to Buy at Zacks Investment Research
www.americanbankingnews.com - May 5 at 8:20 PM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : May 5, 2017
finance.yahoo.com - May 5 at 4:29 PM
rttnews.com logoChegg Inc. (CHGG) Soared To A New High After Outlook Raised
www.rttnews.com - May 3 at 11:58 PM
americanbankingnews.com logoChegg Inc (CHGG) Insider Sells $819,557.40 in Stock
www.americanbankingnews.com - May 3 at 10:36 PM
americanbankingnews.com logoChegg's (CHGG) Outperform Rating Reiterated at BMO Capital Markets
www.americanbankingnews.com - May 3 at 8:42 PM
finance.yahoo.com logoEdited Transcript of CHGG earnings conference call or presentation 1-May-17 8:30pm GMT
finance.yahoo.com - May 3 at 1:56 PM
finance.yahoo.com logoChegg, Inc. :CHGG-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017
finance.yahoo.com - May 3 at 1:56 PM
americanbankingnews.com logoChegg Inc (CHGG) Insider Sells $417,034.80 in Stock
www.americanbankingnews.com - May 2 at 9:48 PM
americanbankingnews.com logoChegg Inc (CHGG) Receives Buy Rating from Jefferies Group LLC
www.americanbankingnews.com - May 2 at 7:48 PM
finance.yahoo.com logoWhy Chegg Stock Soared Today
finance.yahoo.com - May 2 at 3:59 PM
streetinsider.com logoPre-Open Movers 05/02: (ANGI) (SPAN) (THC) Higher; (HLIT) (SNSS) (AMD) Lower (more...)
www.streetinsider.com - May 2 at 12:23 PM
marketwatch.com logoChegg shares rally on strong revenue outlook
www.marketwatch.com - May 2 at 12:23 PM
zacks.com logoChegg (CHGG) Reports Narrower-than-Expected Loss in Q1
www.zacks.com - May 2 at 12:23 PM
nasdaq.com logoChegg Inc. (CHGG) Has Soared To A New High After Guidance Increase
www.nasdaq.com - May 2 at 12:23 PM
americanbankingnews.com logoChegg Inc (CHGG) Upgraded at Raymond James Financial, Inc.
www.americanbankingnews.com - May 2 at 11:00 AM
americanbankingnews.com logoLake Street Capital Reaffirms Buy Rating for Chegg Inc (CHGG)
www.americanbankingnews.com - May 2 at 10:18 AM
americanbankingnews.com logoChegg Inc (CHGG) Posts Quarterly Earnings Results
www.americanbankingnews.com - May 1 at 11:16 PM
finance.yahoo.com logoChegg Reports Strong Q1 2017 Financial Results and Raises Full Year Guidance
finance.yahoo.com - May 1 at 4:16 PM
americanbankingnews.com logoChegg (CHGG) Given Media Impact Score of 0.13
www.americanbankingnews.com - April 29 at 1:17 PM
americanbankingnews.com logoChegg Inc (CHGG) to Release Earnings on Monday
www.americanbankingnews.com - April 29 at 1:24 AM
americanbankingnews.com logoChegg Inc (CHGG) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - April 29 at 1:22 AM
americanbankingnews.com logoChegg Inc (CHGG) to Release Quarterly Earnings on Monday
www.americanbankingnews.com - April 29 at 1:18 AM
finance.yahoo.com logoCan Chegg (CHGG) Spring a Surprise this Earnings Season?
finance.yahoo.com - April 27 at 11:28 AM
americanbankingnews.com logoChegg (CHGG) Earning Favorable Press Coverage, Report Shows
www.americanbankingnews.com - April 25 at 4:54 PM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : April 25, 2017
finance.yahoo.com - April 25 at 4:06 PM
americanbankingnews.com logoZacks: Analysts Anticipate Chegg Inc (CHGG) to Post -$0.06 EPS
www.americanbankingnews.com - April 21 at 10:46 PM
americanbankingnews.com logoChegg (CHGG) Receives News Sentiment Score of 0.11
www.americanbankingnews.com - April 17 at 10:47 PM
americanbankingnews.com logoChegg Inc (CHGG) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 17 at 6:37 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Extremely Likely to Impact Chegg (CHGG) Stock Price
www.americanbankingnews.com - April 14 at 7:57 PM
finance.yahoo.com logoChegg to Announce First Quarter 2017 Financial Results
finance.yahoo.com - April 13 at 4:22 PM
americanbankingnews.com logoNorthland Securities Begins Coverage on Chegg Inc (CHGG)
www.americanbankingnews.com - April 11 at 10:43 AM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : April 5, 2017
finance.yahoo.com - April 7 at 8:58 AM
americanbankingnews.com logoInsider Selling: Chegg Inc (CHGG) Insider Sells 15,279 Shares of Stock
www.americanbankingnews.com - April 5 at 11:15 PM
americanbankingnews.com logoChegg Inc (CHGG) Upgraded by Craig Hallum to "Buy"
www.americanbankingnews.com - April 4 at 1:25 PM
americanbankingnews.com logoChegg Inc (CHGG) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - March 22 at 12:01 PM
seekingalpha.com logoChegg: Overpriced And Vulnerable
seekingalpha.com - March 11 at 10:30 AM
seekingalpha.com logoChegg (CHGG) Presents At The Raymond James 38th Annual Institutional Investors Conference 2017
seekingalpha.com - March 7 at 4:18 PM
finance.yahoo.com logoCHEGG, INC Financials
finance.yahoo.com - March 1 at 4:18 PM
seekingalpha.com logoChegg, Inc. (CHGG)
seekingalpha.com - February 23 at 4:15 PM
biz.yahoo.com logoCHEGG, INC Files SEC form 10-K, Annual Report
biz.yahoo.com - February 23 at 4:15 PM
finance.yahoo.com logoChegg (CHGG) Reports Break-Even Results in Q4 Earnings
finance.yahoo.com - February 14 at 5:03 PM

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Chegg (CHGG) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff