Chegg Company Profile (NYSE:CHGG)

About Chegg (NYSE:CHGG)

Chegg logoChegg, 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: $1.31098 billion
  • Outstanding Shares: 94,451,000
Average Prices:
  • 50 Day Moving Avg: $12.67
  • 200 Day Moving Avg: $9.77
  • 52 Week Range: $5.28 - $14.26
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 158.00
  • P/E Growth: 2.54
Sales & Book Value:
  • Annual Revenue: $250.04 million
  • Price / Sales: 5.37
  • Book Value: $2.27 per share
  • Price / Book: 6.26
Profitability:
  • EBIDTA: ($11,430,000.00)
  • Net Margins: -13.18%
  • Return on Equity: -9.88%
  • Return on Assets: -7.30%
Debt:
  • Current Ratio: 1.67%
  • Quick Ratio: 1.67%
Misc:
  • Average Volume: 1.40 million shs.
  • Beta: 1.81
  • 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) issued its quarterly earnings results on Thursday, May, 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.03. The firm had revenue of $62.60 million for the quarter, compared to analysts' expectations of $58.46 million. Chegg had a negative return on equity of 9.88% and a negative net margin of 13.18%. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. View Chegg's Earnings History.

Where is Chegg's stock going? Where will Chegg's stock price be in 2017?

10 equities research analysts have issued 12 month price objectives for Chegg's stock. Their forecasts range from $7.00 to $14.00. On average, they expect Chegg's stock price to reach $11.20 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. " (7/4/2017)
  • 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?

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 institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.11%) and US Bancorp DE (0.01%). 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 US Bancorp DE. 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 Bank of Montreal Can. 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 $14.22.


MarketBeat Community Rating for Chegg (NYSE CHGG)
Community Ranking:  3.4 out of 5 (  )
Outperform Votes:  195 (Vote Outperform)
Underperform Votes:  91 (Vote Underperform)
Total Votes:  286
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.

Analyst Ratings

Consensus Ratings for Chegg (NYSE:CHGG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 10 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $11.20 (21.24% downside)

Analysts' Ratings History for Chegg (NYSE:CHGG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/23/2017Jefferies Group LLCReiterated RatingBuy$13.00MediumView Rating Details
6/23/2017Barrington ResearchReiterated RatingOutperformMediumView Rating Details
5/22/2017First AnalysisBoost Price TargetOverweight -> Overweight$12.00 -> $14.00HighView Rating Details
5/3/2017BMO Capital MarketsReiterated RatingOutperform$10.00 -> $12.00MediumView Rating Details
5/2/2017Lake Street CapitalReiterated RatingBuy -> Buy$9.00 -> $12.00HighView Rating Details
5/2/2017Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$12.00HighView Rating Details
4/11/2017Northland SecuritiesInitiated CoverageOutperform$11.50LowView Rating Details
4/4/2017Craig HallumUpgradeHold -> BuyHighView Rating Details
11/17/2016J P Morgan Chase & CoReiterated RatingBuy$10.00N/AView Rating Details
8/2/2016Piper Jaffray CompaniesBoost Price TargetOverweight$6.00 -> $7.00N/AView Rating Details
8/4/2015Bank of America CorporationBoost Price TargetBuy$10.50 -> $11.00N/AView Rating Details
(Data available from 7/25/2015 forward)

Earnings

Earnings History for Chegg (NYSE:CHGG)
Earnings by Quarter for Chegg (NYSE:CHGG)
Earnings History by Quarter for Chegg (NYSE CHGG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017Q1 2017$0.03$0.06$58.46 million$62.60 millionViewListenView Earnings Details
2/13/2017Q416$0.11$0.10$58.68 million$56.40 millionViewN/AView Earnings Details
11/7/2016Q316($0.04)($0.03)$67.89 million$71.30 millionViewListenView Earnings Details
8/1/2016Q216$0.03$0.05$67.10 million$53.00 millionViewN/AView Earnings Details
5/2/2016Q116($0.04)($0.03)$62.86 million$66.70 millionViewN/AView Earnings Details
2/22/2016Q415$0.12$0.14$72.14 million$68.20 millionViewListenView Earnings Details
11/2/2015Q315($0.15)($0.12)$78.28 million$81.30 millionViewN/AView Earnings Details
8/3/2015Q215($0.16)($0.08)$64.18 million$67.06 millionViewN/AView Earnings Details
5/6/2015Q115($0.07)($0.25)$78.20 million$84.90 millionViewN/AView Earnings Details
2/23/2015Q414$0.15$0.19$85.24 million$84.42 millionViewN/AView Earnings Details
11/3/2014Q314($0.27)($0.22)$78.27 million$81.50 millionViewN/AView Earnings Details
5/1/2014Q114($0.30)($0.22)$70.82 million$74.40 millionViewN/AView Earnings Details
2/11/2014Q413($0.35)$0.40$68.28 million$77.10 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Chegg (NYSE:CHGG)
Current Year EPS Consensus Estimate: $-0.14 EPS
Next Year EPS Consensus Estimate: $0.09 EPS

Dividends

Dividend History for Chegg (NYSE:CHGG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Chegg (NYSE:CHGG)
Insider Ownership Percentage: 20.40%
Institutional Ownership Percentage: 77.35%
Insider Trades by Quarter for Chegg (NYSE:CHGG)
Institutional Ownership by Quarter for Chegg (NYSE:CHGG)
Insider Trades by Quarter for Chegg (NYSE:CHGG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/18/2017Andrew J BrownInsiderSell100,000$14.00$1,400,000.00View SEC Filing  
7/17/2017Charles GeigerInsiderSell50,000$13.73$686,500.00View SEC Filing  
7/3/2017Charles GeigerInsiderSell50,000$12.13$606,500.00View SEC Filing  
6/15/2017Charles GeigerInsiderSell25,000$11.66$291,500.00View SEC Filing  
6/8/2017Andrew J BrownInsiderSell100,000$13.00$1,300,000.00View SEC Filing  
6/1/2017Andrew J BrownInsiderSell100,000$12.50$1,250,000.00View SEC Filing  
5/22/2017Nathan J. SchultzInsiderSell15,276$12.00$183,312.00View SEC Filing  
5/2/2017Nathan J SchultzInsiderSell76,380$10.73$819,557.40View SEC Filing  
5/1/2017Nathan J SchultzInsiderSell45,828$9.10$417,034.80View SEC Filing  
4/4/2017Nathan J SchultzInsiderSell15,279$8.55$130,635.45View SEC Filing  
8/11/2016Charles GeigerInsiderSell25,000$6.75$168,750.00View SEC Filing  
8/5/2016Charles GeigerInsiderSell45,000$6.52$293,400.00View SEC Filing  
8/2/2016Charles GeigerInsiderSell74,334$6.06$450,464.04View SEC Filing  
2/25/2016Andrew J BrownCFOBuy30,000$4.16$124,800.00View SEC Filing  
2/25/2016Daniel RosensweigCEOBuy48,842$4.09$199,763.78View SEC Filing  
2/25/2016Ted SchleinDirectorBuy25,000$4.03$100,750.00View SEC Filing  
3/9/2015Ltd AceMajor ShareholderSell3,000,000$8.00$24,000,000.00View SEC Filing  
2/24/2015Nathan J SchultzInsiderSell31,919$8.50$271,311.50View SEC Filing  
1/14/2015Nathan J SchultzInsiderSell143$7.00$1,001.00View SEC Filing  
6/25/2014Nathan J SchultzInsiderSell31,776$8.00$254,208.00View SEC Filing  
6/18/2014Nathan J SchultzInsiderSell31,776$7.00$222,432.00View SEC Filing  
6/10/2014Nathan J SchultzInsiderSell54,731$6.96$380,927.76View SEC Filing  
6/9/2014John E YorkDirectorBuy2,000$6.74$13,480.00View SEC Filing  
6/9/2014Nathan J SchultzInsiderSell64,350$6.36$409,266.00View SEC Filing  
3/11/2014Barry MccarthyDirectorBuy30,000$6.38$191,400.00View SEC Filing  
2/20/2014Daniel RosensweigCEOBuy15,504$6.57$101,861.28View SEC Filing  
11/26/2013Barry MccarthyDirectorBuy10,000$8.29$82,900.00View SEC Filing  
11/22/2013Robert C ChesnutSVPBuy13,000$7.61$98,930.00View SEC Filing  
11/20/2013Barry MccarthyDirectorBuy11,800$8.50$100,300.00View SEC Filing  
11/18/2013Daniel RosensweigCEOBuy1,000$12.50$12,500.00View SEC Filing  
11/15/2013Ted SchleinDirectorBuy20,000$9.14$182,800.00View SEC Filing  
11/14/2013Daniel RosensweigCEOBuy5,000$9.51$47,550.00View SEC Filing  
11/13/2013Barry MccarthyDirectorBuy30,000$10.02$300,600.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Chegg (NYSE:CHGG)
Latest Headlines for Chegg (NYSE:CHGG)
Source:
DateHeadline
nasdaq.com logoInternet Stocks' Q2 Earnings Due on Jul 25: AKAM, CHGG, SFLY - Nasdaq
www.nasdaq.com - July 24 at 4:44 PM
americanbankingnews.com logoCritical Contrast: China Distance Education Holdings Limited (DL) & Chegg (NYSE:CHGG)
www.americanbankingnews.com - July 22 at 8:28 AM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : July 21, 2017
finance.yahoo.com - July 21 at 3:26 PM
finance.yahoo.com logoCramer's lightning round: I'm all in on this financial with great leadership
finance.yahoo.com - July 21 at 12:03 AM
nasdaq.com logoNotable Thursday Option Activity: CHGG, TGT, PANW - Nasdaq
www.nasdaq.com - July 20 at 7:00 PM
finance.yahoo.com logoCramer's lightning round: I'm all in on this financial with great leadership
finance.yahoo.com - July 18 at 11:39 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Insider Sells $1,400,000.00 in Stock
www.americanbankingnews.com - July 18 at 7:25 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Insider Sells $686,500.00 in Stock
www.americanbankingnews.com - July 18 at 7:25 PM
americanbankingnews.com logoChina Distance Education Holdings (DL) and Chegg (NYSE:CHGG) Financial Contrast
www.americanbankingnews.com - July 15 at 9:02 PM
seekingalpha.com logoChegg: Stay Cautious - Seeking Alpha
seekingalpha.com - July 15 at 12:20 AM
americanbankingnews.com logoHead-To-Head Contrast: China Distance Education Holdings Limited (DL) and Chegg (CHGG)
www.americanbankingnews.com - July 13 at 2:18 PM
finance.yahoo.com logoChegg, Inc. – Value Analysis (NYSE:CHGG) : July 11, 2017
finance.yahoo.com - July 11 at 6:15 PM
finance.yahoo.com logoChegg, 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
finance.yahoo.com logoChegg to Announce Second Quarter 2017 Financial Results
finance.yahoo.com - July 10 at 5:09 PM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : July 10, 2017
finance.yahoo.com - July 10 at 5:09 PM
americanbankingnews.com logoCharles Geiger Sells 50,000 Shares of Chegg, Inc. (CHGG) Stock
www.americanbankingnews.com - July 6 at 7:23 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Expected to Announce Quarterly Sales of $53.07 Million
www.americanbankingnews.com - July 6 at 9:28 AM
americanbankingnews.com logo-$0.05 Earnings Per Share Expected for Chegg, Inc. (CHGG) This Quarter
www.americanbankingnews.com - July 4 at 10:30 PM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - July 4 at 9:02 PM
americanbankingnews.com logoChina Distance Education Holdings Limited (DL) and Chegg (CHGG) Head to Head Review
www.americanbankingnews.com - July 4 at 8:24 AM
americanbankingnews.com logoHead-To-Head Contrast: Houghton Mifflin Harcourt Company (HMHC) vs. Chegg (NYSE:CHGG)
www.americanbankingnews.com - July 4 at 8:24 AM
americanbankingnews.com logoChegg, Inc. (NYSE:CHGG) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - July 3 at 6:52 PM
americanbankingnews.com logoHead to Head Survey: China Distance Education Holdings Limited (DL) & Chegg (CHGG)
www.americanbankingnews.com - July 2 at 8:13 AM
americanbankingnews.com logoChegg's (CHGG) Outperform Rating Reiterated at Barrington Research
www.americanbankingnews.com - June 23 at 5:54 PM
finance.yahoo.com logoChegg and Cengage to Offer 1 to 1 Online Tutoring to Students in STEM Disciplines
finance.yahoo.com - June 21 at 5:26 PM
americanbankingnews.com logoInsider Selling: Chegg, Inc. (CHGG) Insider Sells 25,000 Shares of Stock
www.americanbankingnews.com - June 16 at 7:34 PM
americanbankingnews.com logo Analysts Anticipate Chegg Inc (CHGG) Will Announce Quarterly Sales of $53.07 Million
www.americanbankingnews.com - June 10 at 7:52 AM
americanbankingnews.com logoChegg Inc (CHGG) Insider Andrew J. Brown Sells 100,000 Shares
www.americanbankingnews.com - June 9 at 7:30 PM
americanbankingnews.com logoZacks: Analysts Anticipate Chegg Inc (CHGG) Will Post Earnings of -$0.05 Per Share
www.americanbankingnews.com - June 8 at 8:20 PM
americanbankingnews.com logoChegg Inc (CHGG) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - June 6 at 6:40 PM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : June 5, 2017
finance.yahoo.com - June 5 at 4:14 PM
americanbankingnews.com logoChegg Inc (CHGG) Upgraded by ValuEngine to Hold
www.americanbankingnews.com - June 4 at 11:10 PM
americanbankingnews.com logoAndrew J. Brown Sells 100,000 Shares of Chegg Inc (CHGG) Stock
www.americanbankingnews.com - June 2 at 7:43 PM
finance.yahoo.com logoMarket Has Not Yet Noticed Potential in Chegg (CHGG); Have You?
finance.yahoo.com - June 1 at 4:49 PM
americanbankingnews.com logoChegg Inc (CHGG) Insider Sells $183,312.00 in Stock
www.americanbankingnews.com - May 24 at 10:56 PM
americanbankingnews.com logoChegg Inc (CHGG) Price Target Raised to $14.00
www.americanbankingnews.com - May 22 at 7:36 AM
zacks.com logoWhy Chegg, Inc. (CHGG) Could Be an Impressive Growth Stock
www.zacks.com - May 16 at 8:12 AM
americanbankingnews.com logoChegg Inc (CHGG) Expected to Announce Quarterly Sales of $53.07 Million
www.americanbankingnews.com - May 14 at 9:15 AM
americanbankingnews.com logoChegg Inc (CHGG) Rating Lowered to Sell at ValuEngine
www.americanbankingnews.com - May 13 at 3:22 PM
americanbankingnews.com logoChegg Inc (CHGG) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 12 at 6:42 PM
americanbankingnews.com logo Analysts Expect Chegg Inc (CHGG) Will Post Earnings of -$0.05 Per Share
www.americanbankingnews.com - May 12 at 6:20 PM
zacks.com logoEarnings Estimates Moving Higher for Chegg (CHGG): Time to Buy?
www.zacks.com - May 10 at 8:22 AM
nasdaq.com logoCommit To Purchase Chegg At $10, Earn 11.1% Annualized Using Options
www.nasdaq.com - May 8 at 4:11 PM
americanbankingnews.com logoChegg Inc (CHGG) Lifted to Buy at Zacks Investment Research
www.americanbankingnews.com - May 5 at 8:20 PM
finance.yahoo.com logoETFs with exposure to Chegg, Inc. : May 5, 2017
finance.yahoo.com - May 5 at 4:29 PM
rttnews.com logoChegg Inc. (CHGG) Soared To A New High After Outlook Raised
www.rttnews.com - May 3 at 11:58 PM
americanbankingnews.com logoChegg Inc (CHGG) Insider Sells $819,557.40 in Stock
www.americanbankingnews.com - May 3 at 10:36 PM
americanbankingnews.com logoChegg's (CHGG) Outperform Rating Reiterated at BMO Capital Markets
www.americanbankingnews.com - May 3 at 8:42 PM
finance.yahoo.com logoEdited Transcript of CHGG earnings conference call or presentation 1-May-17 8:30pm GMT
finance.yahoo.com - May 3 at 1:56 PM
finance.yahoo.com logoChegg, Inc. :CHGG-US: Earnings Analysis: Q1, 2017 By the Numbers : May 3, 2017
finance.yahoo.com - May 3 at 1:56 PM

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Chart

Chegg (CHGG) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff