Chegg (NYSE:CHGG) posted its quarterly earnings results on Monday. The technology company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02, Briefing.com reports. The company had revenue of $73.51 million for the quarter, compared to the consensus estimate of $70.61 million. Chegg had a negative return on equity of 5.06% and a negative net margin of 10.40%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS.
Chegg (NYSE:CHGG) traded up $0.43 on Monday, hitting $16.36. 1,813,465 shares of the company were exchanged, compared to its average volume of 742,953. Chegg has a 1-year low of $7.21 and a 1-year high of $17.42. The company has a market cap of $1,727.48, a PE ratio of -62.92, a P/E/G ratio of 6.25 and a beta of 1.74.
In related news, insider Esther Lem sold 40,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $17.16, for a total value of $686,400.00. Following the completion of the sale, the insider now owns 465,120 shares in the company, valued at approximately $7,981,459.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael A. Osier sold 200,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $15.25, for a total transaction of $3,050,000.00. Following the completion of the sale, the insider now owns 653,061 shares of the company’s stock, valued at approximately $9,959,180.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 659,323 shares of company stock valued at $10,527,385. 20.40% of the stock is owned by corporate insiders.
Chegg Company Profile
Chegg, Inc is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States.
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