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CHGG

Chegg

$29.30

-1.445 (-4.70%)

16:25
11/04/19
11/04
16:25
11/04/19
16:25

Chegg sees initial FY20 revenue $520M, consensus $493.05M

The company states: "We expect gross margin to be approximately 72%, slightly lower than 2019, exclusively the result of the revenue recognition and cost of revenue changes that will result from our ownership of textbooks. At the same time, we expect continued leverage in the model with adjusted EBITDA expanding to $163 million, increasing adjusted EBITDA margin 100 basis points over 2019. For those of you modeling 2020 by quarter, we have provided expected seasonality as a result of these changes in the earnings press release and the investor deck on the IR website."

  • 04

    Nov

  • 13

    Nov

CHGG Chegg
$29.30

-1.445 (-4.70%)

08/13/19
WBLR
08/13/19
INITIATION
WBLR
William Blair starts Chegg, K12 with Outperform ratings
William Blair analyst Stephen Sheldon yesterday afternoon initiated coverage of Chegg (CHGG) and K12 (LRN) with Outperform ratings, and of 2U (TWOU) with a Market Perform rating. The analyst also assumed coverage of Instructure (INST) with a Market Perform rating following an analyst departure earlier this year. The amount spent annually on traditional education is large and growing, estimated to reach close to $1.5 trillion in the United States, Sheldon wrote in a research note. There are "numerous pain points" in the education industry, and solutions from education technology providers are helping alleviate some of these "highly complex" issues, adds the analyst. He believes that Chegg should be able to deliver at least 20% revenue growth over the next three years and that K12 can deliver mid-single-digit revenue growth over time. For 2U, Sheldon believes tge shares will be range-bound until the company provides clarity on its long-term model and "rebuilds trust."
09/09/19
JEFF
09/09/19
UPGRADE
Target $44
JEFF
Buy
Chegg upgraded to Buy from Hold at Jefferies
Jefferies analyst Brent Thill upgraded Chegg to Buy from Hold while lowering his price target for the shares to $44 from $46.
09/09/19
JEFF
09/09/19
UPGRADE
Target $44
JEFF
Buy
Chegg 'skating to where the puck is headed,' Jefferies says in upgrade
Jefferies analyst Brent Thill upgraded Chegg to Buy from Hold while lowering his price target for the shares to $44 from $46. The recent pullback in the shares represents a buying opportunity, Thill tells investors in a research note. The company, by creating a full service learning platform and expanding its addressable market with product updates and acquisitions, is "skating to where the puck is headed," says the analyst. He sees Chegg as a "consistent" 20%-plus growth story with expanding margins and a market leading position. Thill views the company as "one of the best fundamental stories in Smid cap Internet."
10/04/19
BMOC
10/04/19
NO CHANGE
Target $35
BMOC
Outperform
Chegg price target lowered to $35 from $49 at BMO Capital
BMO Capital analyst Jeffrey Silber lowered his price target on Chegg to $35, updating his model to reflect the company's recently announced $80M acquisition of Thinkful and the multiple contraction following the disclosure of the deal. The analyst notes that the company has acknowledged the initial adverse EBITDA impact from the acquisition but also keeps his Outperform rating on the stock, stating that Chegg "continues to invest in content and services" to attract more subscribers and increase its total addressable market.

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Freddie Mac

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GDS

GDS Holdings

$47.16

1.88 (4.15%)

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BIG

Big Lots

$19.17

-0.75 (-3.77%)

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$36.94

0.38 (1.04%)

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UNVR

Univar

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0.22 (0.96%)

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PLUG

Plug Power

$3.10

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RGLD

Royal Gold

$117.91

0.64 (0.55%)

, TECK

Teck Resources

$15.71

-0.11 (-0.70%)

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Teck Resources

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IR

Ingersoll-Rand

$128.95

1.405 (1.10%)

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ICPT

Intercept

$119.86

2.42 (2.06%)

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  • 26

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HUN

Huntsman

$22.34

0.37 (1.68%)

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UBER

Uber

$28.65

-0.405 (-1.39%)

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UBER

Uber

$28.65

-0.405 (-1.39%)

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DOMO

Domo

$19.47

-0.19 (-0.97%)

, EZPW

Ezcorp

$5.21

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$19.47

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Ezcorp

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DocuSign

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Crowdstrike

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Yext

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UBER

Uber

$28.65

-0.405 (-1.39%)

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UBER

Uber

$28.65

-0.405 (-1.39%)

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UBER

Uber

$28.65

-0.405 (-1.39%)

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CMG

Chipotle

$819.61

10.12 (1.25%)

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RCII

Rent-A-Center

$26.02

0.36 (1.40%)

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BKH

Black Hills

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PRIM

Primoris

$21.92

0.3 (1.39%)

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LMAT

LeMaitre

$35.94

-0.09 (-0.25%)

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CLBK

Columbia Financial

$16.33

-0.24 (-1.45%)

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AXS

Axis Capital

$58.42

0.31 (0.53%)

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  • 26

    Feb

PZZA

Papa John's

$59.67

-0.53 (-0.88%)

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