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NYSE:CHGG - Chegg Stock Price, Forecast & News

$37.54
-1.20 (-3.10 %)
(As of 02/26/2020 01:42 AM ET)
Today's Range
$37.01
Now: $37.54
$38.98
50-Day Range
$37.54
MA: $41.43
$44.61
52-Week Range
$28.29
Now: $37.54
$48.22
Volume1.34 million shs
Average Volume1.63 million shs
Market Capitalization$4.58 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.98
Chegg, Inc operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. The company offers Chegg Services, which include digital products and services; and required materials that comprise its print textbooks and eTextbooks. Read More…

Industry, Sector and Symbol

Industry Educational services
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone408-855-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$410.93 million
Cash Flow$0.98 per share
Book Value$4.12 per share

Profitability

Net Income$-9,600,000.00

Miscellaneous

Employees1,087
Market Cap$4.58 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Chegg (NYSE:CHGG) Frequently Asked Questions

What is Chegg's stock symbol?

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

How will Chegg's stock buyback program work?

Chegg announced that its Board of Directors has initiated a stock repurchase program on Thursday, March 29th 2018, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 0.9% of its stock through a private placement purchase. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

How were Chegg's earnings last quarter?

Chegg Inc (NYSE:CHGG) issued its quarterly earnings results on Monday, February, 10th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The technology company earned $125.50 million during the quarter, compared to the consensus estimate of $123.05 million. Chegg had a positive return on equity of 11.24% and a negative net margin of 2.34%. The business's revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. View Chegg's Earnings History.

When is Chegg's next earnings date?

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

What guidance has Chegg issued on next quarter's earnings?

Chegg updated its FY 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $522-527 million, compared to the consensus revenue estimate of $520.25 million.

What price target have analysts set for CHGG?

12 brokers have issued 1-year target prices for Chegg's stock. Their forecasts range from $39.00 to $55.00. On average, they expect Chegg's share price to reach $47.36 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price. View Analyst Price Targets for Chegg.

What is the consensus analysts' recommendation 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.

What are Wall Street 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. " (2/11/2020)
  • 2. Northland Securities analysts commented, "We believe CHGG does a nice job of bringing new students onto the platform, specifically during the beginning of the fall semester with students heading back to college. We also found based on talking to 20 students (as 11 students highlighted a more restrictive password situation) that it appears CHGG has gotten more stringent over time with password sharing." (9/24/2019)

Has Chegg been receiving favorable news coverage?

News headlines about CHGG stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Chegg earned a daily sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Chegg.

Who are some of Chegg's key competitors?

What other stocks do shareholders of Chegg own?

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), Advanced Micro Devices (AMD), Square (SQ), Veeva Systems (VEEV), Splunk (SPLK) and Paypal (PYPL).

Who are Chegg's key executives?

Chegg's management team includes the folowing people:
  • Mr. Daniel Lee Rosensweig, Co-Chairman, CEO & Pres (Age 57)
  • Mr. Andrew J. Brown, Chief Financial Officer (Age 59)
  • Mr. Michael Osier, Chief Information Officer & Chief Outcomes Officer (Age 56)
  • Ms. Esther Lem, Chief Marketing Officer (Age 63)
  • Ms. Jenny Brandemuehl, Chief People Officer (Age 55)

Who are Chegg's major shareholders?

Chegg's stock is owned by a number 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.

Which major investors are selling Chegg stock?

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 and Robin Tomasello. View Insider Buying and Selling for Chegg.

Which major investors are buying Chegg stock?

CHGG stock was bought 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.

How do I buy shares of 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.

What is Chegg's stock price today?

One share of CHGG stock can currently be purchased for approximately $37.54.

How big of a company is Chegg?

Chegg has a market capitalization of $4.58 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.

What is Chegg's official website?

The official website for Chegg is http://www.chegg.com/.

How can I contact Chegg?

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]


MarketBeat Community Rating for Chegg (NYSE CHGG)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  681 (Vote Outperform)
Underperform Votes:  521 (Vote Underperform)
Total Votes:  1,202
MarketBeat's community ratings are surveys of what our community members think about Chegg and other stocks. Vote "Outperform" if you believe CHGG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CHGG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/26/2020 by MarketBeat.com Staff

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