NYSE:CHGG - Chegg Stock Price, News, & Analysis

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$39.15 +0.17 (+0.44 %)
(As of 04/26/2019 04:26 AM ET)
Previous Close$38.98
Today's Range$38.50 - $39.23
52-Week Range$20.40 - $41.69
Volume1.50 million shs
Average Volume1.90 million shs
Market Capitalization$4.54 billion
P/E Ratio435.00
Dividend YieldN/A
Beta1.3
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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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$321.08 million
Cash Flow$0.4389 per share
Book Value$3.57 per share

Profitability

Net Income$-14,890,000.00

Miscellaneous

Employees1,087
Market Cap$4.54 billion
Next Earnings Date4/29/2019 (Confirmed)
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 announced that its board has approved a stock buyback plan 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 buy up to 0.9% of its stock through a private placement purchase. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

How were Chegg's earnings last quarter?

Chegg Inc (NYSE:CHGG) posted its earnings results on Monday, February, 11th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. The technology company had revenue of $95.68 million for the quarter, compared to analysts' expectations of $91.74 million. Chegg had a positive return on equity of 4.31% and a negative net margin of 4.64%. View Chegg's Earnings History.

When is Chegg's next earnings date?

Chegg is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Chegg.

How can I listen to Chegg's earnings call?

Chegg will be holding an earnings conference call on Monday, April 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 guidance has Chegg issued on next quarter's earnings?

Chegg issued an update on its FY 2019 earnings guidance on Monday, February, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $390-395 million, compared to the consensus revenue estimate of $388.37 million.Chegg also updated its Q1 2019 guidance to EPS.

What price target have analysts set for CHGG?

11 brokers have issued twelve-month price targets for Chegg's stock. Their predictions range from $28.00 to $48.00. On average, they anticipate Chegg's share price to reach $37.1111 in the next twelve months. This suggests that the stock has a possible downside of 5.2%. 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 5 hold ratings, 5 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, "Valuation/: As the company moves towards the bundling of its services (fall 2019), the deployment of text-based tutoring (2H/19) and international expansion (fall 2019), we believe Chegg has opportunities to increase its reach by moving more significantly into high school, which, in turn, will help attract a greater portion of incoming college freshmen to its services and by moving more into international markets (Canada, the U.K., Australia) over time. Chegg has risen nearly 35% YTD (after rising 74% in 2018) and is trading at 8.9x our 2020 revenue estimate, at a premium to its Ed Tech peers (5.3x) and a group of high-growth SaaS companies (7.1x). Nevertheless, we are reiterating our OUTPERFORM investment rating and 12-month price target of $44 on the basis of its sustainable, above-average revenue growth." (4/17/2019)
  • 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. " (4/16/2019)

Has Chegg been receiving favorable news coverage?

Media coverage about CHGG stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by reviewing 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 daily sentiment score of -1.1 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Are investors shorting Chegg?

Chegg saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 16,285,133 shares, an increase of 20.3% from the March 15th total of 13,537,236 shares. Based on an average daily trading volume, of 4,188,281 shares, the short-interest ratio is currently 3.9 days. Currently, 15.7% 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 Intelsat (I), Micron Technology (MU), Netflix (NFLX), NVIDIA (NVDA), Alibaba Group (BABA), Fossil Group (FOSL), Bank of America (BAC), Advanced Micro Devices (AMD), Splunk (SPLK) and Square (SQ).

Who are Chegg's key executives?

Chegg's management team includes the folowing 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)
  • Mr. Charles Geiger, Chief Product Officer (Age 52)

Who are Chegg's major shareholders?

Chegg's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (0.83%), Columbus Circle Investors (0.74%), Braun Stacey Associates Inc. (0.40%), Summit Creek Advisors LLC (0.14%), P.A.W. Capital Corp (0.08%) and Penbrook Management LLC (0.07%). 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, John Paul Fillmore, Michael A Osier, Nathan J Schultz, Renee Varni Budig, Robin Tomasello and Ted Schlein. 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 Columbus Circle Investors, Riverbridge Partners LLC, Summit Creek Advisors LLC, P.A.W. Capital Corp, Braun Stacey Associates Inc., Penbrook Management LLC, Los Angeles Capital Management & Equity Research Inc. and Tarbox Family Office Inc.. 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, John Paul Fillmore, Michael A Osier, Nathan J Schultz, Renee Varni Budig and Ted Schlein. View Insider Buying and Selling for Chegg.

Which institutional investors are buying Chegg stock?

CHGG stock was acquired by a variety of institutional investors in the last quarter, including Barometer Capital Management Inc., BNP Paribas Arbitrage SA, Oppenheimer Asset Management Inc., First American Bank, Clarus Wealth Advisors, Sciencast Management LP, Strs Ohio and We Are One Seven 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 $39.15.

How big of a company is Chegg?

Chegg has a market capitalization of $4.54 billion and generates $321.08 million in revenue each year. The technology company earns $-14,890,000.00 in net income (profit) each year or $0.09 on an earnings per share basis. Chegg employs 1,087 workers across the globe.

What is Chegg's official website?

The official website for Chegg is http://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]


MarketBeat Community Rating for Chegg (NYSE CHGG)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  458 (Vote Outperform)
Underperform Votes:  340 (Vote Underperform)
Total Votes:  798
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.
This page was last updated on 4/26/2019 by MarketBeat.com Staff

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