NYSE:CHGGChegg Stock Price, Forecast & News

Chegg's stock was trading at $36.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CHGG stock has increased by 94.0% and is now trading at $71.27. 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 earnings results on Monday, May, 4th. The technology company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.20. The technology company had revenue of $131.60 million for the quarter, compared to analyst estimates of $119.48 million. Chegg had a positive return on equity of 12.53% and a negative net margin of 2.47%. The firm's revenue was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. View Chegg's earnings history.

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

14 equities research analysts have issued 1 year price targets for Chegg's stock. Their forecasts range from $39.00 to $80.00. On average, they expect Chegg's share price to reach $62.00 in the next year. This suggests that the stock has a possible downside of 13.0%. View analysts' price targets for Chegg.

News headlines about CHGG stock have been trending negative recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Chegg earned a news sentiment score of -2.1 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Chegg.

Chegg saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 15,520,000 shares, an increase of 8.8% from the June 15th total of 14,270,000 shares. Based on an average daily trading volume, of 3,650,000 shares, the short-interest ratio is presently 4.3 days. Approximately 13.1% of the shares of the company 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), Youdao (DAO), Strategic Education (STRA), Laureate Education (LAUR), Afya (AFYA), Graham (GHC), Adtalem Global Education (ATGE), K12 (LRN), Perdoceo Education (PRDO), Hailiang Education Group (HLG), Bright Scholar Education Holdngs (BEDU), Arco Platform (ARCE) and OneSmart International Edun Gr (ONE). 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."

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 $71.27.

Chegg has a market capitalization of $8.81 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]