NYSE:CHGGChegg Stock Price, Forecast & News

Chegg's stock was trading at $36.74 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CHGG stock has increased by 136.0% and is now trading at $86.70.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chegg in the last year. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Chegg is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020.
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Chegg Inc (NYSE:CHGG) issued its earnings results on Monday, May, 4th. The technology company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.20. The technology company had revenue of $131.60 million for the quarter, compared to analysts' expectations of $119.48 million. Chegg had a positive return on equity of 12.53% and a negative net margin of 2.47%. Chegg's revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share.
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14 analysts have issued 12-month price objectives for Chegg's shares. Their forecasts range from $39.00 to $86.00. On average, they anticipate Chegg's share price to reach $64.54 in the next year. This suggests that the stock has a possible downside of 25.6%.
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News coverage about CHGG stock has been trending negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Chegg earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.
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Chegg saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 13,640,000 shares, an increase of 6.0% from the June 30th total of 12,870,000 shares. Based on an average trading volume of 4,120,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 11.5% of the company's shares are sold short.
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Some companies that are related to Chegg include New Oriental Education & Tech Grp (EDU), GSX Techedu (GSX), Youdao (DAO), Grand Canyon Education (LOPE), Strategic Education (STRA), Laureate Education (LAUR), Afya (AFYA), Graham (GHC), K12 (LRN), Adtalem Global Education (ATGE), Hailiang Education Group (HLG), Perdoceo Education (PRDO), Puxin (NEW), Arco Platform (ARCE) and Bright Scholar Education Holdngs (BEDU).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Chegg investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Paypal (PYPL), Square (SQ), Twilio (TWLO), Adobe (ADBE), DexCom (DXCM), Netflix (NFLX) and Teladoc Health (TDOC).

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

Chegg's stock is owned by many different retail and institutional investors. Top institutional investors include Copper Rock Capital Partners LLC (8.67%), Emerald Advisers LLC (0.93%), Emerald Mutual Fund Advisers Trust (0.82%), Riverbridge Partners LLC (0.36%), Summit Creek Advisors LLC (0.22%) and UBS Group AG (0.13%). Company insiders that own Chegg stock 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, Richard Sarnoff, Robin Tomasello and Ted Schlein.
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CHGG stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, SG Americas Securities LLC, Summit Creek Advisors LLC, Columbus Circle Investors, P.A.W. Capital Corp, and Strs Ohio. 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, Richard Sarnoff, and Robin Tomasello.
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CHGG stock was bought by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, UBS Group AG, Grandview Asset Management LLC, Raymond James & Associates, Moody Lynn & Lieberson LLC, Hodges Capital Management Inc., Cambridge Investment Research Advisors Inc., and Spouting Rock Asset Management LLC.
View insider buying and selling activity 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 $86.70.

Chegg has a market capitalization of $10.72 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.

The official website for Chegg is 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]