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 133.9% and is now trading at $85.93.
View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 4 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) issued its quarterly earnings results on Monday, May, 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.20. The technology company earned $131.60 million during the quarter, compared to analyst estimates of $119.48 million. Chegg had a negative net margin of 2.47% and a positive return on equity of 12.53%. The business's revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share.
View Chegg's earnings history.

Chegg issued an update on its third quarter 2020 After-Hours earnings guidance on Monday, August, 3rd. The company provided 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.

14 brokers have issued 1 year target prices for Chegg's stock. Their forecasts range from $39.00 to $86.00. On average, they anticipate Chegg's share price to reach $64.54 in the next year. This suggests that the stock has a possible downside of 24.9%.
View analysts' price targets for Chegg.

Headlines about CHGG stock have trended somewhat positive recently, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Chegg earned a news impact score of 1.6 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Chegg.

Chegg saw a increase in short interest in July. As of July 15th, there was short interest totaling 13,640,000 shares, an increase of 6.0% from the June 30th total of 12,870,000 shares. Based on an average daily trading volume, of 4,120,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 11.5% of the company's stock are short sold.
View Chegg's Current Options Chain.

Some companies that are related to Chegg include GSX Techedu (GSX), New Oriental Education & Tech Grp (EDU), Youdao (DAO), Grand Canyon Education (LOPE), Strategic Education (STRA), Laureate Education (LAUR), Afya (AFYA), Graham (GHC), K12 (LRN), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Puxin (NEW), Arco Platform (ARCE), Bright Scholar Education Holdngs (BEDU) and Perdoceo Education (PRDO).
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 variety of retail and institutional investors. Top institutional shareholders include Copper Rock Capital Partners LLC (8.67%), Emerald Advisers LLC (0.93%), Emerald Mutual Fund Advisers Trust (0.82%), Riverbridge Partners LLC (0.36%), Summit Creek Advisors LLC (0.22%) and Kornitzer Capital Management Inc. KS (0.22%). 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, 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 Riverbridge Partners LLC, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, SG Americas Securities LLC, Summit Creek Advisors LLC, Columbus Circle Investors, P.A.W. Capital Corp, and Strs Ohio. 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 acquired by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Kornitzer Capital Management Inc. KS, UBS Group AG, Grandview Asset Management LLC, Raymond James & Associates, Moody Lynn & Lieberson LLC, Hodges Capital Management Inc., and Cambridge Investment Research Advisors Inc..
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 $85.93.

Chegg has a market capitalization of $10.62 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]