NYSE:CHGG - Chegg Stock Price, Forecast & News

Chegg trades on the New York Stock Exchange (NYSE) under the ticker symbol "CHGG."

Chegg announced that its Board of Directors has initiated a stock repurchase program on Thursday, March 29th 2018, which allows the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 0.9% of its stock through a private placement purchase. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Chegg Inc (NYSE:CHGG) released its quarterly earnings results on Monday, November, 4th. The technology company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The technology company earned $94.20 million during the quarter, compared to analyst estimates of $89.04 million. Chegg had a positive return on equity of 9.53% and a negative net margin of 3.27%. Chegg's quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share. View Chegg's Earnings History.

Chegg is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Chegg.

Chegg will be holding an earnings conference call on Monday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

12 analysts have issued 12 month target prices for Chegg's stock. Their forecasts range from $35.00 to $55.00. On average, they anticipate Chegg's share price to reach $46.64 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price. View Analyst Price Targets for Chegg.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Chegg.

Media stories about CHGG stock have trended extremely negative recently, according to InfoTrie. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Chegg earned a news sentiment score of -4.5 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Chegg.

Some companies that are related to Chegg include New Oriental Education & Tech Grp (EDU), GSX Techedu (GSX), Grand Canyon Education (LOPE), Laureate Education (LAUR), Strategic Education (STRA), Graham (GHC), Afya (AFYA), Adtalem Global Education (ATGE), Youdao (DAO), Hailiang Education Group (HLG), Perdoceo Education (PRDO), Career Education (CECO), Arco Platform (ARCE), Bright Scholar Education Holdngs (BEDU) and OneSmart International Edun Gr (ONE).

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

Chegg's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Riverbridge Partners LLC (0.74%), Columbus Circle Investors (0.30%), Braun Stacey Associates Inc. (0.26%), Summit Creek Advisors LLC (0.22%), Strs Ohio (0.09%) and Artemis Investment Management LLP (0.07%). Company insiders that own Chegg stock include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jeffrey T Housenbold, Jenny Brandemuehl, John E York, John Paul Fillmore, Marne L Levine, Michael A Osier, Nathan J Schultz, Renee Varni Budig, Robin Tomasello and Ted Schlein. View Institutional Ownership Trends for Chegg.

CHGG stock was sold by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Braun Stacey Associates Inc., Riverbridge Partners LLC, New England Research & Management Inc. and Penbrook Management LLC. Company insiders that have sold Chegg company stock in the last year include Andrew J Brown, Daniel Rosensweig, Dave Jr Borders, Esther Lem, Jenny Brandemuehl, John E York, John Paul Fillmore, Marne L Levine, Michael A Osier, Nathan J Schultz, Renee Varni Budig and Robin Tomasello. View Insider Buying and Selling for Chegg.

CHGG stock was bought by a variety of institutional investors in the last quarter, including Columbus Circle Investors, Summit Creek Advisors LLC, First American Bank, We Are One Seven LLC, Strs Ohio, Zurcher Kantonalbank Zurich Cantonalbank and Nisa Investment Advisors LLC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of CHGG stock can currently be purchased for approximately $42.72.

Chegg has a market capitalization of $5.17 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.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]