NYSE:CHGG - Chegg Stock Price, Forecast & News

Chegg's stock was trading at $36.74 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CHGG stock has decreased by 5.9% and is now trading at $34.58. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 1 hold rating, 10 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, May 4th 2020. View our earnings forecast for Chegg.

Chegg Inc (NYSE:CHGG) announced its quarterly earnings results on Monday, February, 10th. The technology company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The technology company had revenue of $125.50 million for the quarter, compared to analysts' expectations of $123.05 million. Chegg had a negative net margin of 2.34% and a positive return on equity of 11.24%. The firm's revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. View Chegg's earnings history.

Chegg updated its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $522-527 million, compared to the consensus revenue estimate of $520.25 million.

12 equities research analysts have issued 12-month price targets for Chegg's stock. Their forecasts range from $39.00 to $55.00. On average, they anticipate Chegg's share price to reach $44.82 in the next twelve months. This suggests a possible upside of 29.6% from the stock's current price. View analysts' price targets for Chegg.

News articles about CHGG stock have been trending very negative on Wednesday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Chegg earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutChegg.

Chegg saw a increase in short interest in March. As of March 13th, there was short interest totaling 18,255,900 shares, an increase of 7.1% from the February 27th total of 17,040,000 shares. Based on an average trading volume of 1,410,000 shares, the days-to-cover ratio is currently 12.9 days. Approximately 15.3% of the company's stock are sold short. 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), Strategic Education (STRA), Laureate Education (LAUR), Youdao (DAO), Graham (GHC), Afya (AFYA), Hailiang Education Group (HLG), Adtalem Global Education (ATGE), Arco Platform (ARCE), Bright Scholar Education Holdngs (BEDU), OneSmart International Edun Gr (ONE), K12 (LRN) and Perdoceo Education (PRDO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include NVIDIA (NVDA), Twilio (TWLO), Square (SQ), Alibaba Group (BABA), salesforce.com (CRM), Netflix (NFLX), Advanced Micro Devices (AMD), Splunk (SPLK), Veeva Systems (VEEV) and Roku (ROKU).

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 $34.58.

Chegg has a market capitalization of $4.21 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. View additional information about Chegg.

The official website for Chegg is http://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]