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; Chegg Math, an adaptive math technology and developer of the math application; Brand Partnership, which offers various ways for student-relevant brands to reach and engage high school and college students; Test Prep that provides students with an online adaptive test preparation services; and internships services. The company rents and sells print textbooks and eTextbooks; and offers supplemental materials and textbook buyback services. The company has a strategic alliance with Ingram Content Group. Chegg, Inc. was founded in 2003 and is headquartered in Santa Clara, California.
Industry, Sector and Symbol
Industry Educational services
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:CHGG
CUSIPN/A
Phone408-855-5700
Debt
Debt-to-Equity RatioN/A
Current Ratio4.38
Quick Ratio4.38
Price-To-Earnings
Trailing P/E Ratio-326.44
Forward P/E Ratio489.67
P/E Growth20.03
Sales & Book Value
Annual Sales$255.07 million
Price / Sales12.92
Cash Flow$0.1143 per share
Price / Cash257.11
Book Value$3.61 per share
Price / Book8.14
Profitability
EPS (Most Recent Fiscal Year)($0.09)
Net Income$-20,280,000.00
Net Margins-6.12%
Return on Equity-0.95%
Return on Assets-0.81%
Miscellaneous
Employees893
Outstanding Shares112,150,000
Chegg (NYSE:CHGG) Frequently Asked Questions
What is Chegg's stock symbol?
Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG."
How will Chegg's stock buyback program work?
Chegg declared that its board has approved a stock repurchase plan on Thursday, March 29th 2018, which permits the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 0.9% of its stock through a private placement purchase. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.
How were Chegg's earnings last quarter?
Chegg Inc (NYSE:CHGG) issued its quarterly earnings data on Thursday, April, 26th. The technology company reported $0.10 EPS for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.01. The technology company earned $76.95 million during the quarter, compared to analysts' expectations of $74.15 million. Chegg had a negative return on equity of 0.95% and a negative net margin of 6.12%. Chegg's revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. View Chegg's Earnings History.
What price target have analysts set for CHGG?
11 analysts have issued 12 month price objectives for Chegg's shares. Their forecasts range from $17.00 to $26.00. On average, they anticipate Chegg's stock price to reach $21.5556 in the next twelve months. View Analyst Ratings for Chegg.
Who are some of Chegg's key competitors?
Some companies that are related to Chegg include Grand Canyon Education (LOPE), Graham (GHC), Adtalem Global Education (ATGE), Laureate International Universities (LAUR), Bright Scholar Education Holdngs (BEDU), OneSmart International Edun Gr (ONE), Hailiang Education Group (HLG), Strayer Education (STRA), Career Education (CECO), Capella Education (CPLA), Sunlands Online Education Group (STG), RISE Education Cayman (REDU), American Public Education (APEI), K12 (LRN) and RYB Education (RYB).
Who are Chegg's key executives?
Chegg's management team includes the folowing people:
- Mr. Daniel Lee Rosensweig, Chairman, CEO & Pres (Age 56)
- Mr. Andrew J. Brown, Chief Financial Officer (Age 58)
- Ms. Jenny Brandemuehl, Chief People Officer (Age 54)
- Ms. Robin Tomasello, Principal Accounting Officer, VP & Controller (Age 47)
- Mr. Dave Borders Jr., Esq., Gen. Counsel and Sec. (Age 44)
Has Chegg been receiving favorable news coverage?
News headlines about CHGG stock have been trending somewhat negative recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chegg earned a news sentiment score of -0.02 on Accern's scale. They also assigned news articles about the technology company an impact score of 40.10 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Chegg's major shareholders?
Chegg's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Sylebra HK Co Ltd (6.03%), BlackRock Inc. (5.06%), Baillie Gifford & Co. (3.76%), Lord Abbett & CO. LLC (2.44%), Millennium TVP Management Co. LLC (1.40%) and Artisan Partners Limited Partnership (1.31%). Company insiders that own Chegg stock include Andrew J Brown, Charles Geiger, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jeffrey T Housenbold, Jenny Brandemuehl, John E York, Michael A Osier, Nathan J Schultz, Renee Varni Budig and Robin Tomasello. View Institutional Ownership Trends for Chegg.
Which institutional investors are selling Chegg stock?
CHGG stock was sold by a variety of institutional investors in the last quarter, including Elk Creek Partners LLC, Russell Investments Group Ltd., Lord Abbett & CO. LLC, Hood River Capital Management LLC, Penn Capital Management Co. Inc., Sylebra HK Co Ltd, American Century Companies Inc. and Columbus Circle Investors. Company insiders that have sold Chegg company stock in the last year include Andrew J Brown, Charles Geiger, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jeffrey T Housenbold, Jenny Brandemuehl, John E York, Michael A Osier, Nathan J Schultz, Renee Varni Budig and Robin Tomasello. View Insider Buying and Selling for Chegg.
Which institutional investors are buying Chegg stock?
CHGG stock was bought by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Artisan Partners Limited Partnership, Fiera Capital Corp, Firsthand Capital Management Inc., Lisanti Capital Growth LLC, Highbridge Capital Management LLC, Stephens Investment Management Group LLC and BlackRock Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Chegg's stock price today?
One share of CHGG stock can currently be purchased for approximately $29.38.
How big of a company is Chegg?
Chegg has a market capitalization of $3.26 billion and generates $255.07 million in revenue each year. The technology company earns $-20,280,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis. Chegg employs 893 workers across the globe.
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]
MarketBeat Community Rating for Chegg (CHGG)
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.
