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

Chegg Inc (NYSE:CHGG) announced its quarterly earnings data on Monday, February, 10th. The technology company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.29 by $0.06. The technology company had revenue of $125.50 million for the quarter, compared to analyst estimates of $123.05 million. Chegg had a positive return on equity of 11.53% and a negative net margin of 2.34%. The company's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. View Chegg's Earnings History.

Chegg is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Chegg.

Chegg issued an update on its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share 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 objectives for Chegg's stock. Their forecasts range from $39.00 to $55.00. On average, they expect Chegg's stock price to reach $47.36 in the next year. This suggests a possible upside of 18.3% 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.

Headlines about CHGG stock have been trending very negative recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Chegg earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Chegg.

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

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

Chegg's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Wealth Quarterback LLC (134.81%), Baillie Gifford & Co. (11.98%), Alliancebernstein L.P. (3.76%), Fred Alger Management LLC (3.49%), Sylebra Capital Ltd (2.82%) and Artisan Partners Limited Partnership (2.50%). 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 Fred Alger Management LLC, Zevenbergen Capital Investments LLC, Goldman Sachs Group Inc., Eagle Asset Management Inc., Cubist Systematic Strategies LLC, Artemis Investment Management LLP, Amundi Pioneer Asset Management Inc. and Emerald Mutual Fund Advisers Trust. 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 purchased by a variety of institutional investors in the last quarter, including Wealth Quarterback LLC, Baillie Gifford & Co., Janus Henderson Group PLC, Maverick Capital Ltd., Artisan Partners Limited Partnership, Mitsubishi UFJ Trust & Banking Corp, Marshall Wace LLP and Penserra Capital Management 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 $40.03.

Chegg has a market capitalization of $4.84 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 1,087 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]