Chegg, Inc. is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States. It also offers eTextbooks library for rent and sale. The Company also has live tutors on its connected learning platform available to students online, anytime, anywhere through its Chegg Tutors service. It provides access to internships to help students gain skills that are critical to securing their first job. It offers two product lines: Required Materials and Chegg Services. The Required Materials product line includes the rental and sale of print textbooks and eTextbooks, as well as the commission it receives from Ingram.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Education & Training Information Providers
- Sub-Industry: N/A
- Symbol: NYSE:CHGG
- CUSIP: N/A
- Web: www.chegg.com
Capitalization:- Market Cap: $1.4 billion
- Outstanding Shares: 96,009,000
Average Prices:- 50 Day Moving Avg: $13.87
- 200 Day Moving Avg: $10.63
- 52 Week Range: $6.51 - $15.95
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 32.36
- P/E Growth: 2.56
Sales & Book Value:- Annual Revenue: $253.32 million
- Price / Sales: 5.52
- Book Value: $2.32 per share
- Price / Book: 6.28
Profitability:- EBIDTA: ($7,450,000.00)
- Net Margins: -11.83%
- Return on Equity: -8.10%
- Return on Assets: -6.12%
Debt:- Current Ratio: 2.17%
- Quick Ratio: 2.17%
Misc:- Average Volume: 1.43 million shs.
- Beta: 1.83
- Short Ratio: 16.37
Frequently Asked Questions for Chegg (NYSE:CHGG)
What is Chegg's stock symbol?
Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG."
How were Chegg's earnings last quarter?
Chegg, Inc. (NYSE:CHGG) posted its quarterly earnings results on Tuesday, July, 25th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by $0.08. The business earned $56.30 million during the quarter, compared to analyst estimates of $53.33 million. Chegg had a negative net margin of 11.83% and a negative return on equity of 8.10%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. View Chegg's Earnings History.
When will Chegg make its next earnings announcement?
Where is Chegg's stock going? Where will Chegg's stock price be in 2017?
9 equities research analysts have issued 12 month price objectives for Chegg's shares. Their predictions range from $8.00 to $18.00. On average, they anticipate Chegg's share price to reach $13.61 in the next year. View Analyst Ratings for Chegg.
What are 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. " (7/28/2017)
- 2. Jefferies Group LLC analysts commented, "Chegg reported solid Q4 results as the transformation to an all-digital business is now complete. Continued growth in Chegg Services subs (>1.5MM in 2016) and Chegg Study will be the core focus for mgmt moving forward. Investments in digital services (brand, reach, data platform and on-demand services) continue to pay off as scale drives margin improvements. We maintain our Buy rating and $12 PT. 4Q16 Results: GAAP Net Revenue declined 7% Y/Y to $63MM vs. Street at $59MM. ProForma Net Revenue was up 38% Y/Y to $56MM. Adjusted EBITDA of $14MM was in line with the Street while non-GAAP EPS of $0.10 was also in line with Street estimates. The transition to an all-digital business is now complete; Chegg Services will be the focus moving forward. Chegg Services subscribers exceeded a record 1.5MM for the year and is now the center of the flywheel." (2/14/2017)
Who are some of Chegg's key competitors?
Some companies that are related to Chegg include Twilio (TWLO), Black Knight Financial Services (BKFS), Wix.com (WIX), Zendesk (ZEN), CommVault Systems (CVLT), Sanmina Corporation (SANM), Finisar Corporation (FNSR), MACOM Technology Solutions Holdings (MTSI), Pure Storage (PSTG), FireEye (FEYE), Bitauto Holdings Limited (BITA), HubSpot (HUBS), ACI Worldwide (ACIW), New Relic (NEWR), FIH Mobile (FXCNY), Vishay Intertechnology (VSH), Tower Semiconductor (TSEM) and Box (BOX).
Who are Chegg's key executives?
Chegg's management team includes the folowing people:
- Daniel L. Rosensweig, Chairman of the Board, President, Chief Executive Officer
- Andrew J. Brown, Chief Financial Officer
- Esther Lem, Chief Marketing Officer
- Dave Borders Jr., General Counsel
- Jenny Brandemeuhl, Chief People Officer
- Charles F. Geiger, Chief Product Officer
- Michael Osier, Chief Outcomes Officer
- Nathan J. Schultz, Chief Learning Officer
- Renee Budig, Independent Director
- Jeffrey T. Housenbold, Independent Director
Who owns Chegg stock?
Chegg's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Sylebra HK Co Ltd (6.98%), Gilder Gagnon Howe & Co. LLC (4.71%), TimesSquare Capital Management LLC (3.85%), Vanguard Group Inc. (3.37%), Fred Alger Management Inc. (2.63%) and Emerald Advisers Inc. PA (2.66%). Company insiders that own Chegg stock include Andrew J Brown, Charles Geiger, Daniel Rosensweig, Nathan J Schultz and Ted Schlein. View Institutional Ownership Trends for Chegg.
Who sold Chegg stock? Who is selling Chegg stock?
Chegg's stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Hood River Capital Management LLC, Elk Creek Partners LLC, Unterberg Capital LLC, American Century Companies Inc., S Squared Technology LLC, P.A.W. Capital Corp and Arrowstreet Capital Limited Partnership. Company insiders that have sold Chegg stock in the last year include Andrew J Brown, Charles Geiger and Nathan J Schultz. View Insider Buying and Selling for Chegg.
Who bought Chegg stock? Who is buying Chegg stock?
Chegg's stock was purchased by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Fred Alger Management Inc., Russell Investments Group Ltd., Westfield Capital Management Co. LP, Penn Capital Management Co. Inc., Acadian Asset Management LLC, Castleark Management LLC and Vanguard Group Inc.. Company insiders that have bought Chegg stock in the last two years include Andrew J Brown, Daniel Rosensweig and Ted Schlein. View Insider Buying and Selling for Chegg.
How do I buy Chegg stock?
Shares of Chegg can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Chegg's stock price today?
One share of Chegg stock can currently be purchased for approximately $14.56.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Chegg (NYSE:CHGG) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 8 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.89) |
| Consensus Price Target: | $13.61 (6.52% downside) |
Analysts' Ratings History for Chegg (NYSE:CHGG)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/28/2017 | Northland Securities | Reiterated Rating | Buy | $16.00 | Low |  |
| 7/26/2017 | BMO Capital Markets | Reiterated Rating | Outperform | $16.00 -> $18.00 | High | |
| 7/26/2017 | J P Morgan Chase & Co | Reiterated Rating | Overweight | $12.00 -> $15.00 | High | |
| 7/26/2017 | Lake Street Capital | Downgrade | Buy -> Hold | $12.00 -> $14.00 | High | |
| 6/23/2017 | Jefferies Group LLC | Reiterated Rating | Buy | $13.00 | Medium | |
| 6/23/2017 | Barrington Research | Reiterated Rating | Outperform | | Medium | |
| 5/22/2017 | First Analysis | Boost Price Target | Overweight -> Overweight | $12.00 -> $14.00 | High | |
| 5/2/2017 | Raymond James Financial, Inc. | Upgrade | Market Perform -> Outperform | $12.00 | High | |
| 4/4/2017 | Craig Hallum | Upgrade | Hold -> Buy | | High | |
| 8/2/2016 | Piper Jaffray Companies | Boost Price Target | Overweight | $6.00 -> $7.00 | N/A | |
(Data available from 8/17/2015 forward)
Earnings History for Chegg (NYSE:CHGG)Earnings History by Quarter for Chegg (NYSE CHGG)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/6/2017 | | ($0.01) | | | | | N/A | |
| 7/25/2017 | Q2 2017 | $0.04 | ($0.04) | $53.33 million | $56.30 million | View | N/A | |
| 5/4/2017 | Q1 2017 | $0.03 | $0.06 | $58.46 million | $62.60 million | View | Listen | |
| 2/13/2017 | Q416 | $0.11 | $0.10 | $58.68 million | $56.40 million | View | N/A | |
| 11/7/2016 | Q316 | ($0.04) | ($0.03) | $67.89 million | $71.30 million | View | Listen | |
| 8/1/2016 | Q216 | $0.03 | $0.05 | $67.10 million | $53.00 million | View | N/A | |
| 5/2/2016 | Q116 | ($0.04) | ($0.03) | $62.86 million | $66.70 million | View | N/A | |
| 2/22/2016 | Q415 | $0.12 | $0.14 | $72.14 million | $68.20 million | View | Listen | |
| 11/2/2015 | Q315 | ($0.15) | ($0.12) | $78.28 million | $81.30 million | View | N/A | |
| 8/3/2015 | Q215 | ($0.16) | ($0.08) | $64.18 million | $67.06 million | View | N/A | |
| 5/6/2015 | Q115 | ($0.07) | ($0.25) | $78.20 million | $84.90 million | View | N/A | |
| 2/23/2015 | Q414 | $0.15 | $0.19 | $85.24 million | $84.42 million | View | N/A | |
| 11/3/2014 | Q314 | ($0.27) | ($0.22) | $78.27 million | $81.50 million | View | N/A | |
| 5/1/2014 | Q114 | ($0.30) | ($0.22) | $70.82 million | $74.40 million | View | N/A | |
| 2/11/2014 | Q413 | ($0.35) | $0.40 | $68.28 million | $77.10 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Chegg (NYSE:CHGG)Current Year EPS Consensus Estimate: $0.24 EPS
Next Year EPS Consensus Estimate: $0.45 EPS
Dividend History for Chegg (NYSE:CHGG)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Chegg (NYSE:CHGG)Insider Ownership Percentage: 20.40%
Institutional Ownership Percentage: 75.90%
Insider Trades by Quarter for Chegg (NYSE:CHGG)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/1/2017 | Charles Geiger | Insider | Sell | 81,968 | $13.55 | $1,110,666.40 | |
| 7/18/2017 | Andrew J Brown | Insider | Sell | 100,000 | $14.00 | $1,400,000.00 | |
| 7/17/2017 | Charles Geiger | Insider | Sell | 50,000 | $13.73 | $686,500.00 | |
| 7/3/2017 | Charles Geiger | Insider | Sell | 50,000 | $12.13 | $606,500.00 | |
| 6/15/2017 | Charles Geiger | Insider | Sell | 25,000 | $11.66 | $291,500.00 | |
| 6/8/2017 | Andrew J Brown | Insider | Sell | 100,000 | $13.00 | $1,300,000.00 | |
| 6/1/2017 | Andrew J Brown | Insider | Sell | 100,000 | $12.50 | $1,250,000.00 | |
| 5/22/2017 | Nathan J. Schultz | Insider | Sell | 15,276 | $12.00 | $183,312.00 | |
| 5/2/2017 | Nathan J Schultz | Insider | Sell | 76,380 | $10.73 | $819,557.40 | |
| 5/1/2017 | Nathan J Schultz | Insider | Sell | 45,828 | $9.10 | $417,034.80 | |
| 4/4/2017 | Nathan J Schultz | Insider | Sell | 15,279 | $8.55 | $130,635.45 | |
| 8/11/2016 | Charles Geiger | Insider | Sell | 25,000 | $6.75 | $168,750.00 | |
| 8/5/2016 | Charles Geiger | Insider | Sell | 45,000 | $6.52 | $293,400.00 | |
| 8/2/2016 | Charles Geiger | Insider | Sell | 74,334 | $6.06 | $450,464.04 | |
| 2/25/2016 | Andrew J Brown | CFO | Buy | 30,000 | $4.16 | $124,800.00 | |
| 2/25/2016 | Daniel Rosensweig | CEO | Buy | 48,842 | $4.09 | $199,763.78 | |
| 2/25/2016 | Ted Schlein | Director | Buy | 25,000 | $4.03 | $100,750.00 | |
| 3/9/2015 | Ltd Ace | Major Shareholder | Sell | 3,000,000 | $8.00 | $24,000,000.00 | |
| 2/24/2015 | Nathan J Schultz | Insider | Sell | 31,919 | $8.50 | $271,311.50 | |
| 1/14/2015 | Nathan J Schultz | Insider | Sell | 143 | $7.00 | $1,001.00 | |
| 6/25/2014 | Nathan J Schultz | Insider | Sell | 31,776 | $8.00 | $254,208.00 | |
| 6/18/2014 | Nathan J Schultz | Insider | Sell | 31,776 | $7.00 | $222,432.00 | |
| 6/10/2014 | Nathan J Schultz | Insider | Sell | 54,731 | $6.96 | $380,927.76 | |
| 6/9/2014 | John E York | Director | Buy | 2,000 | $6.74 | $13,480.00 | |
| 6/9/2014 | Nathan J Schultz | Insider | Sell | 64,350 | $6.36 | $409,266.00 | |
| 3/11/2014 | Barry Mccarthy | Director | Buy | 30,000 | $6.38 | $191,400.00 | |
| 2/20/2014 | Daniel Rosensweig | CEO | Buy | 15,504 | $6.57 | $101,861.28 | |
| 11/26/2013 | Barry Mccarthy | Director | Buy | 10,000 | $8.29 | $82,900.00 | |
| 11/22/2013 | Robert C Chesnut | SVP | Buy | 13,000 | $7.61 | $98,930.00 | |
| 11/20/2013 | Barry Mccarthy | Director | Buy | 11,800 | $8.50 | $100,300.00 | |
| 11/18/2013 | Daniel Rosensweig | CEO | Buy | 1,000 | $12.50 | $12,500.00 | |
| 11/15/2013 | Ted Schlein | Director | Buy | 20,000 | $9.14 | $182,800.00 | |
| 11/14/2013 | Daniel Rosensweig | CEO | Buy | 5,000 | $9.51 | $47,550.00 | |
| 11/13/2013 | Barry Mccarthy | Director | Buy | 30,000 | $10.02 | $300,600.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Chegg (NYSE:CHGG)
Latest Headlines for Chegg (NYSE:CHGG)
| Source: |
|
| Date | Headline |
|---|
 | Analysts Anticipate Chegg, Inc. (CHGG) Will Post Earnings of -$0.09 Per Share
www.americanbankingnews.com - August 16 at 6:30 AM |
 | ETFs with exposure to Chegg, Inc. : August 15, 2017
finance.yahoo.com - August 15 at 5:53 PM |
| Edited Transcript of CHGG earnings conference call or presentation 25-Jul-17 8:30pm GMT
finance.yahoo.com - August 12 at 4:44 PM |
| Chegg Announces the Closing of its Follow-on Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares
finance.yahoo.com - August 8 at 4:53 PM |
| j2 Global (JCOM) Q2 Earnings and Revenues Lag Estimates
finance.yahoo.com - August 7 at 5:38 PM |
 | Chegg (CHGG) Prices 10M Share Follow-On Offering at $13.50/Sh
www.streetinsider.com - August 3 at 6:43 PM |
| Why Chegg Shares Jumped Today
finance.yahoo.com - August 3 at 6:43 PM |
 | I Love The Chegg Story - Not So Sure On Valuation - Chegg, Inc ... - Seeking Alpha
seekingalpha.com - August 2 at 10:56 PM |
| Chegg Announces Pricing of Follow-on Offering
finance.yahoo.com - August 2 at 10:56 PM |
| Chegg, Inc. (NYSE:CHGG) Insider Charles Geiger Sells 81,968 Shares
www.americanbankingnews.com - August 2 at 10:28 PM |
| Chegg (CHGG) Commences 8M Common Stock Offering - StreetInsider.com
www.streetinsider.com - August 1 at 10:55 PM |
| Chegg, Inc. :CHGG-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017
finance.yahoo.com - August 1 at 5:52 PM |
| Chegg (CHGG) Commences 8M Common Stock Offering
www.streetinsider.com - July 31 at 10:09 PM |
| Chegg Announces Proposed Follow-on Offering
finance.yahoo.com - July 31 at 10:09 PM |
| Chegg, Inc. (CHGG) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - July 28 at 10:27 PM |
| Chegg, Inc. (CHGG) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 28 at 9:09 PM |
| Chegg: Can The Run Continue? - Seeking Alpha
seekingalpha.com - July 28 at 6:50 PM |
 | Chegg (CHGG) Reports Narrower-than-Estimated Loss in Q2 - Nasdaq
www.nasdaq.com - July 27 at 4:39 PM |
| Chegg (CHGG) Reports Narrower-than-Estimated Loss in Q2
finance.yahoo.com - July 27 at 4:38 PM |
| Chegg, Inc. (CHGG) Given New $18.00 Price Target at BMO Capital Markets
www.americanbankingnews.com - July 26 at 6:51 PM |
 | Chegg shares sink after second-quarter loss - MarketWatch
www.marketwatch.com - July 26 at 5:42 PM |
| Chegg, Inc. (NYSE:CHGG) Stock Rating Reaffirmed by J P Morgan Chase & Co
www.americanbankingnews.com - July 26 at 12:41 PM |
| Chegg's (CHGG) CEO Daniel Rosensweig on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 26 at 3:13 AM |
| Chegg shares sink after second-quarter loss
finance.yahoo.com - July 25 at 10:13 PM |
| Chegg reports 2Q loss
finance.yahoo.com - July 25 at 10:13 PM |
| Chegg, Inc. (NYSE:CHGG) Issues Earnings Results
www.americanbankingnews.com - July 25 at 9:04 PM |
| The Zacks Analyst Blog Highlights: Akamai, Chegg and Shutterfly
finance.yahoo.com - July 25 at 5:10 PM |
| Investor Network: Chegg, Inc. to Host Earnings Call
finance.yahoo.com - July 25 at 5:09 PM |
| Chegg Reports Q2 2017 Financial Results and Raises Full Year Guidance
finance.yahoo.com - July 25 at 5:09 PM |
| Internet Stocks' Q2 Earnings Due on Jul 25: AKAM, CHGG, SFLY - Nasdaq
www.nasdaq.com - July 24 at 4:44 PM |
| Critical Contrast: China Distance Education Holdings Limited (DL) & Chegg (NYSE:CHGG)
www.americanbankingnews.com - July 22 at 8:28 AM |
| ETFs with exposure to Chegg, Inc. : July 21, 2017
finance.yahoo.com - July 21 at 3:26 PM |
| Cramer's lightning round: I'm all in on this financial with great leadership
finance.yahoo.com - July 21 at 12:03 AM |
| Notable Thursday Option Activity: CHGG, TGT, PANW - Nasdaq
www.nasdaq.com - July 20 at 7:00 PM |
| Cramer's lightning round: I'm all in on this financial with great leadership
finance.yahoo.com - July 18 at 11:39 PM |
| Chegg, Inc. (NYSE:CHGG) Insider Sells $1,400,000.00 in Stock
www.americanbankingnews.com - July 18 at 7:25 PM |
| Chegg, Inc. (NYSE:CHGG) Insider Sells $686,500.00 in Stock
www.americanbankingnews.com - July 18 at 7:25 PM |
| China Distance Education Holdings (DL) and Chegg (NYSE:CHGG) Financial Contrast
www.americanbankingnews.com - July 15 at 9:02 PM |
| Chegg: Stay Cautious - Seeking Alpha
seekingalpha.com - July 15 at 12:20 AM |
| Head-To-Head Contrast: China Distance Education Holdings Limited (DL) and Chegg (CHGG)
www.americanbankingnews.com - July 13 at 2:18 PM |
| Chegg, Inc. – Value Analysis (NYSE:CHGG) : July 11, 2017
finance.yahoo.com - July 11 at 6:15 PM |
| Chegg, Inc. breached its 50 day moving average in a Bullish Manner : CHGG-US : July 10, 2017
finance.yahoo.com - July 10 at 5:09 PM |
| Chegg to Announce Second Quarter 2017 Financial Results
finance.yahoo.com - July 10 at 5:09 PM |
| ETFs with exposure to Chegg, Inc. : July 10, 2017
finance.yahoo.com - July 10 at 5:09 PM |
| Charles Geiger Sells 50,000 Shares of Chegg, Inc. (CHGG) Stock
www.americanbankingnews.com - July 6 at 7:23 PM |
| Chegg, Inc. (NYSE:CHGG) Expected to Announce Quarterly Sales of $53.07 Million
www.americanbankingnews.com - July 6 at 9:28 AM |
| -$0.05 Earnings Per Share Expected for Chegg, Inc. (CHGG) This Quarter
www.americanbankingnews.com - July 4 at 10:30 PM |
| Chegg, Inc. (NYSE:CHGG) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - July 4 at 9:02 PM |
| China Distance Education Holdings Limited (DL) and Chegg (CHGG) Head to Head Review
www.americanbankingnews.com - July 4 at 8:24 AM |
| Head-To-Head Contrast: Houghton Mifflin Harcourt Company (HMHC) vs. Chegg (NYSE:CHGG)
www.americanbankingnews.com - July 4 at 8:24 AM |
Chegg (CHGG) Chart for Thursday, August, 17, 2017
