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
SymbolNYSE:CHGG
CUSIPN/A
Phone408-855-5700
Debt
Debt-to-Equity Ratio0.71
Current Ratio10.11
Quick Ratio10.11
Price-To-Earnings
Trailing P/E Ratio-283.67
Forward P/E Ratio364.71
P/E Growth12.76
Sales & Book Value
Annual Sales$255.07 million
Price / Sales11.41
Cash Flow$0.1142 per share
Price / Cash223.65
Book Value$3.61 per share
Price / Book7.07
Profitability
EPS (Most Recent Fiscal Year)($0.09)
Net Income$-20,280,000.00
Net Margins-5.01%
Return on Equity0.87%
Return on Assets0.65%
Miscellaneous
Employees893
Outstanding Shares113,960,000
Market Cap$2.88 billion
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 of Directors has authorized a share repurchase program on Thursday, March 29th 2018, which permits the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 0.9% of its shares through a private placement purchase. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Chegg's earnings last quarter?
Chegg Inc (NYSE:CHGG) released its quarterly earnings data on Monday, July, 30th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The technology company had revenue of $74.22 million for the quarter, compared to the consensus estimate of $70.16 million. Chegg had a positive return on equity of 0.87% and a negative net margin of 5.01%. The firm's revenue for the quarter was up 31.8% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. View Chegg's Earnings History.
When is Chegg's next earnings date?
How can I listen to Chegg's earnings call?
Chegg will be holding an earnings conference call on Monday, October 29th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774074018.
What price target have analysts set for CHGG?
11 analysts have issued 1 year target prices for Chegg's stock. Their forecasts range from $14.00 to $32.00. On average, they anticipate Chegg's stock price to reach $23.4444 in the next year. This suggests that the stock has a possible downside of 8.2%. 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 6 hold ratings, 4 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. 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)
- 2. 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. " (10/9/2018)
Who are some of Chegg's key competitors?
Some companies that are related to Chegg include TAL Education Group (TAL), New Oriental Education & Tech Grp (EDU), Grand Canyon Education (LOPE), Laureate Education (LAUR), Graham (GHC), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Strategic Education (STRA), Bright Scholar Education Holdngs (BEDU), OneSmart International Edun Gr (ONE), Capella Education (CPLA), Career Education (CECO), Puxin (NEW), K12 (LRN) 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 many different of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (1.00%), Essex Investment Management Co. LLC (0.12%), Nisa Investment Advisors LLC (0.06%) and Bank of Montreal Can (0.01%). 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 buying Chegg stock?
CHGG stock was acquired by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Nisa Investment Advisors LLC, Bank of Montreal Can and Essex Investment Management Co. LLC. 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 $25.53.
How big of a company is Chegg?
Chegg has a market capitalization of $2.88 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.
