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 RatioN/A
Current Ratio4.38
Quick Ratio4.38
Price-To-Earnings
Trailing P/E Ratio-322.89
Forward P/E Ratio484.33
P/E Growth20.04
Sales & Book Value
Annual Sales$255.07 million
Price / Sales12.78
Cash Flow$0.1129 per share
Price / Cash257.29
Book Value$3.61 per share
Price / Book8.05
Profitability
EPS (Most Recent Fiscal Year)($0.09)
Net Income$-20,280,000.00
Net Margins-6.12%
Return on Equity-0.95%
Return on Assets-0.81%
Miscellaneous
Employees893
Outstanding Shares112,150,000
Market Cap$3,259.04
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 initiated a share buyback program on Thursday, March 29th 2018, which authorizes the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 0.9% of its stock through a private placement purchase. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
How were Chegg's earnings last quarter?
Chegg Inc (NYSE:CHGG) released its quarterly earnings results on Thursday, April, 26th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The technology company earned $76.95 million during the quarter, compared to analyst estimates of $74.15 million. Chegg had a negative return on equity of 0.95% and a negative net margin of 6.12%. The business's revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. View Chegg's Earnings History.
When is Chegg's next earnings date?
What price target have analysts set for CHGG?
11 brokerages have issued 1-year price objectives for Chegg's stock. Their predictions range from $14.00 to $32.00. On average, they expect Chegg's share price to reach $22.00 in the next year. This suggests that the stock has a possible downside of 24.3%. View Analyst Ratings 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 7 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
Who are some of Chegg's key competitors?
Some companies that are related to Chegg include Grand Canyon Education (LOPE), Adtalem Global Education (ATGE), Graham (GHC), Laureate International Universities (LAUR), Hailiang Education Group (HLG), Bright Scholar Education Holdngs (BEDU), OneSmart International Edun Gr (ONE), "Puxin Limited" (NEW), Strayer Education (STRA), Career Education (CECO), Capella Education (CPLA), Sunlands Online Education Group (STG), American Public Education (APEI), RISE Education Cayman (REDU) and K12 (LRN).
Who are Chegg's key executives?
Chegg's management team includes the folowing people:
- Mr. Daniel Lee Rosensweig, 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)
Has Chegg been receiving favorable news coverage?
Media stories about CHGG stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chegg earned a media sentiment score of 0.24 on Accern's scale. They also assigned news articles about the technology company an impact score of 46.73 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Chegg's major shareholders?
Chegg's stock is owned by many different of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (4.16%), Fred Alger Management Inc. (2.50%), Summit Creek Advisors LLC (0.27%) and Amalgamated Bank (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 selling Chegg stock?
CHGG stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC and Fred Alger Management Inc.. Company insiders that have sold Chegg company stock in the last year 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 Insider Buying and Selling for Chegg.
Which major investors are buying Chegg stock?
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 $29.06.
How big of a company is Chegg?
Chegg has a market capitalization of $3.26 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.
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.
