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NYSE:CHGG - Chegg Stock Price, Forecast & News

$43.33
+0.61 (+1.43 %)
(As of 01/21/2020 07:43 AM ET)
Today's Range
$42.47
Now: $43.33
$43.53
50-Day Range
$37.15
MA: $39.08
$43.33
52-Week Range
$28.29
Now: $43.33
$48.22
Volume2.07 million shs
Average Volume962,895 shs
Market Capitalization$5.24 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.01
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$321.08 million
Cash Flow$0.44 per share
Book Value$3.57 per share

Profitability

Net Income$-14,890,000.00

Miscellaneous

Employees1,087
Market Cap$5.24 billion
Next Earnings Date2/10/2020 (Confirmed)
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 declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 29th 2018, which permits the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 0.9% of its shares through a private placement purchase. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

How were Chegg's earnings last quarter?

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

When is Chegg's next earnings date?

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

How can I listen to Chegg's earnings call?

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.

What price target have analysts set for CHGG?

12 analysts have issued 12 month price objectives for Chegg's stock. Their forecasts range from $35.00 to $55.00. On average, they anticipate Chegg's share price to reach $45.59 in the next twelve months. This suggests a possible upside of 5.2% 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. " (1/15/2020)
  • 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?

Headlines about CHGG stock have trended extremely negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. 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 media sentiment score of -4.0 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. 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 Netflix (NFLX), Twilio (TWLO), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), salesforce.com (CRM), Square (SQ), Veeva Systems (VEEV), Paypal (PYPL) and Mastercard (MA).

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 variety of of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (0.74%), Summit Creek Advisors LLC (0.22%), Artemis Investment Management LLP (0.07%), Penbrook Management LLC (0.04%), New England Research & Management Inc. (0.01%) and We Are One Seven LLC (0.00%). 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 Artemis Investment Management LLP, 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.

Which major investors are buying Chegg stock?

CHGG stock was bought by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, We Are One Seven LLC and Nisa Investment Advisors 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 $43.33.

How big of a company is Chegg?

Chegg has a market capitalization of $5.24 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.

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:  642 (Vote Outperform)
Underperform Votes:  493 (Vote Underperform)
Total Votes:  1,135
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 1/21/2020 by MarketBeat.com Staff

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