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
Stock Exchange NYSE
Industry Educational services
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:CHGG
Previous Symbol
CUSIPN/A
Phone408-855-5700
Debt
Debt-to-Equity Ratio0.72
Current Ratio6.56
Quick Ratio6.56
Price-To-Earnings
Trailing P/E Ratio-324.72
Forward P/E Ratio322.22
P/E Growth11.12
Sales & Book Value
Annual Sales$255.07 million
Price / Sales13.06
Cash Flow$0.1142 per share
Price / Cash Flow254.02
Book Value$3.61 per share
Price / Book8.03
Profitability
EPS (Most Recent Fiscal Year)($0.09)
Net Income$-20,280,000.00
Net Margins-5.55%
Return on Equity1.75%
Return on Assets1.15%
Miscellaneous
Employees893
Outstanding Shares114,900,000
Market Cap$3.30 billion
OptionableOptionable
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 initiated a share buyback program on Thursday, March 29th 2018, which authorizes the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 0.9% of its shares through a private placement purchase. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
How were Chegg's earnings last quarter?
Chegg Inc (NYSE:CHGG) issued its earnings results on Monday, October, 29th. The technology company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.04. The technology company had revenue of $74.20 million for the quarter, compared to analyst estimates of $69.02 million. Chegg had a negative net margin of 5.55% and a positive return on equity of 1.75%. The firm's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 earnings per share. View Chegg's Earnings History.
When is Chegg's next earnings date?
What guidance has Chegg issued on next quarter's earnings?
Chegg updated its FY 2019 earnings guidance on Monday, October, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $388-388 million, compared to the consensus revenue estimate of $379.83 million.Chegg also updated its FY 20188 guidance to EPS.
What price target have analysts set for CHGG?
11 brokerages have issued 12 month target prices for Chegg's shares. Their forecasts range from $20.00 to $32.00. On average, they anticipate Chegg's stock price to reach $26.3333 in the next year. This suggests that the stock has a possible downside of 9.2%. View Analyst Price Targets for Chegg.
What is the consensus analysts' recommendation for Chegg?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 4 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Chegg.
What are Wall Street 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. " (11/8/2018)
- 2. Barrington Research analysts commented, "We are reiterating our OUTPERFORM investment rating and our 12-month price target of $32, which assumes a 9x multiple on our 2019 revenue estimate, reflecting our increased confidence in management’s near- and intermediate-term growth strategies." (10/22/2018)
Has Chegg been receiving favorable news coverage?
Headlines about CHGG stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Chegg earned a media sentiment score of 1.1 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Who are some of Chegg's key competitors?
Some companies that are related to Chegg include New Oriental Education & Tech Grp (EDU), Grand Canyon Education (LOPE), Graham (GHC), Laureate Education (LAUR), Adtalem Global Education (ATGE), Strategic Education (STRA), Hailiang Education Group (HLG), Bright Scholar Education Holdngs (BEDU), OneSmart International Edun Gr (ONE), K12 (LRN), Career Education (CECO), Puxin (NEW), Arco Platform (ARCE), American Public Education (APEI) and RISE Education Cayman (REDU).
Who are Chegg's key executives?
Chegg's management team includes the folowing people:
- Mr. Daniel Lee Rosensweig, Co-Chairman, CEO & Pres (Age 56)
- Mr. Andrew J. Brown, Chief Financial Officer (Age 58)
- Ms. Esther Lem, Chief Marketing Officer (Age 62)
- Mr. Charles Geiger, Chief Product Officer (Age 51)
- Mr. Nathan Schultz, Chief Learning Officer (Age 41)
Who are Chegg's major shareholders?
Chegg's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.02%), Primecap Management Co. CA (8.55%), BlackRock Inc. (6.17%), Sylebra HK Co Ltd (5.78%), Gilder Gagnon Howe & Co. LLC (4.95%) and Baillie Gifford & Co. (4.83%). 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 major investors are selling Chegg stock?
CHGG stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Capital World Investors, Millennium TVP Management Co. LLC, Elk Creek Partners LLC, Russell Investments Group Ltd., Gilder Gagnon Howe & Co. LLC, Emerald Advisers Inc. PA and Columbus Circle Investors. Company insiders that have sold Chegg company stock in the last year include Andrew J Brown, 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 major investors are buying Chegg stock?
CHGG stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Riverbridge Partners LLC, Baillie Gifford & Co., Public Employees Retirement Association of Colorado, BlackRock Inc., Morgan Stanley, JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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 $29.00.
How big of a company is Chegg?
Chegg has a market capitalization of $3.30 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.
What is Chegg's official website?
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 (NYSE 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.
