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NYSE:CHGGChegg Stock Price, Forecast & News

$60.74
-1.36 (-2.19 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$55.70
Now: $60.74
$62.11
50-Day Range
$34.25
MA: $48.54
$66.66
52-Week Range
$25.89
Now: $60.74
$67.98
Volume4.24 million shs
Average Volume2.71 million shs
Market Capitalization$7.51 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.95
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; and Chegg Math solver, which helps students to get math help through self-guided and individualized math solutions The company also offers Other Services, such as Test Prep, internships, college admission and scholarship services; rents and sells print textbooks and eTextbooks; and offers supplemental materials and textbook buyback services. Chegg, Inc. was founded in 2003 and is headquartered in Santa Clara, California.
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Chegg logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.42 out of 5 stars


Industry, Sector and Symbol

Industry Educational services
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone408-855-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$410.93 million
Cash Flow$0.98 per share
Book Value$3.74 per share

Profitability

Net Income$-9,600,000.00

Miscellaneous

Employees1,401
Market Cap$7.51 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Chegg (NYSE:CHGG) Frequently Asked Questions

How has Chegg's stock been impacted by COVID-19 (Coronavirus)?

Chegg's stock was trading at $36.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CHGG stock has increased by 65.3% and is now trading at $60.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Chegg?

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.

When is Chegg's next earnings date?

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

How were Chegg's earnings last quarter?

Chegg Inc (NYSE:CHGG) issued its earnings results on Monday, May, 4th. The technology company reported $0.22 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.20. The technology company had revenue of $131.60 million for the quarter, compared to analysts' expectations of $119.48 million. Chegg had a positive return on equity of 12.53% and a negative net margin of 2.47%. The company's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. View Chegg's earnings history.

What guidance has Chegg issued on next quarter's earnings?

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

What price target have analysts set for CHGG?

13 brokers have issued twelve-month price targets for Chegg's shares. Their forecasts range from $39.00 to $70.00. On average, they anticipate Chegg's share price to reach $54.83 in the next twelve months. This suggests that the stock has a possible downside of 9.7%. View analysts' price targets for Chegg.

Has Chegg been receiving favorable news coverage?

News stories about CHGG stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Chegg earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutChegg.

Are investors shorting Chegg?

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

Who are some of Chegg's key competitors?

What other stocks do shareholders of Chegg own?

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).

Who are Chegg's key executives?

Chegg's management team includes the following people:
  • Mr. Daniel Lee Rosensweig, Co-Chairman, CEO & Pres (Age 57)
  • Mr. Andrew J. Brown, Chief Financial Officer (Age 59)
  • Mr. Michael Osier, Chief Information Officer & Chief Outcomes Officer (Age 56)
  • Ms. Esther Lem, Chief Marketing Officer (Age 63)
  • Ms. Jenny Brandemuehl, Chief People Officer (Age 55)

What is Chegg's stock symbol?

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

Who are Chegg's major shareholders?

Chegg's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.

Which major investors are selling Chegg stock?

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.

Which major investors are buying Chegg stock?

CHGG stock was bought 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Chegg's stock price today?

One share of CHGG stock can currently be purchased for approximately $60.74.

How big of a company is Chegg?

Chegg has a market capitalization of $7.51 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.

What is Chegg's official website?

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

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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