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The Latest Breaking News from Chegg

Pearson shares fall after US digital learning rival says AI hurting its business

Company’s shares fall 15% after Chegg says ChatGPT is affecting subscriber numbers

The Guardian - UK

Dow Jones Awaits Powell's Slam-Dunk Rate Hike; Intel's AI Chip Rival On Deck

FedWatch projects nearly 85% odds for a 25-basis-point hike, bringing the effective rate to 5% to 5.25%.

Investors Business Daily

ChatGPT warning knocks $1 billion off market caps of education giants Pearson and Chegg

Chegg warned last night that the software was having an impact on its growth

Evening Standard

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Chip Scoggins: How Paige Bueckers is using endorsements to give back

MINNEAPOLIS — Paige Bueckers is one of the most recognizable athletes in college sports. She has a massive social media following and a large platform as a star basketball player with UConn's storied program.

Tribune News Service

Charlie Javice, the 30-year-old Frank founder accused of fraud, says Jamie Dimon took a personal interest in her $175 million acquisition

The young founder hits back at the bank in new filings, alleging JPMorgan should have known what it was buying. Javice is demanding a trial by jury.

Fortune

How did JPMorgan fall for Frank? Several execs played a role in buying the $175 million startup that’s been accused of fraud

JPMorgan hoped to get a foothold in the fast-growing world of student loans. Instead, they got a huge headache.

Fortune

JPMorgan is accusing the 30-year old founder of fintech startup Frank of fraud—after paying $175 million for her company

Less than two years after buying Frank, the bank claims that Frank’s management invented numbers it provided during the due diligence process.

Fortune

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Benzinga's Top Ratings Upgrades, Downgrades For September 26, 2022

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 8, 2022

Benzinga

The billion-dollar industry helping students at major Australian universities cheat online assessments

In the post-COVID era of online assessments, “homework help” sites have been accused of becoming industrialised cheating factories — and it's making them rich.

ABC News

Benzinga's Top Ratings Upgrades, Downgrades For July 15, 2022

Benzinga

What 5 Analyst Ratings Have To Say About Chegg

Chegg (NYSE:CHGG) has observed the following analyst ratings within the last quarter:

Benzinga

Here's Why Chegg Shares Are Rising Today

Chegg Inc (NYSE: CHGG) shares are trading higher by 5.78% at $21.60 after the company announced it increased its buyback program by $1 billion.

Benzinga

Learning Platform Chegg Boosts Stock Buyback

Chegg Inc (NYSE:CHGG) board of directors has authorized the increase of its previously announced $1 billion securities repurchase program, up to an aggregate of $2 billion of common stock and/or convertible notes. In addition to the increased $1 billion repurchase authorization, Chegg has about $65 million remaining from its previous $1 billion buyback…

Benzinga

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Benzinga

Peering Into Chegg's Recent Short Interest

Chegg's (NYSE:CHGG) short percent of float has fallen 3.72% since its last report. The company recently reported that it has 6.70 million shares sold short, which is 5.43% of all regular shares that are available for trading.

Benzinga

Looking Into Chegg's Return On Capital Employed

Pulled from Benzinga Pro data, Chegg (NYSE:CHGG) posted Q1 earnings of $5.74 million, an increase from Q4 of 76.38%. Sales dropped to $202.24 million, a 2.52% decrease between quarters.

Benzinga

Chegg Whale Trades For May 03

A whale with a lot of money to spend has taken a noticeably bearish stance on Chegg. Looking at options history for Chegg (NYSE:CHGG) we detected 17 strange trades.

Benzinga

5 Analysts Takeaways As Chegg's Stock Crashes After Q1 Earnings Report

Chegg Inc (NYSE: CHGG) reported its first-quarter adjusted earnings of 32 cents per share, ahead of the consensus estimates of 24 cents per share. Net revenues missed Street expectations and the company slashed its full-year revenue and adjusted EBITDA guidance.

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Benzinga

Morgan Stanley Maintains Equal-Weight Rating for Chegg: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Chegg (NYSE:CHGG) and lower its price target from $37.00 to $20.00. Shares of Chegg are trading down 29.92% over the last 24 hours, at $17.50 per share. A move to $20.00 would account for a 14.25% increase from the current…

Investors Business Daily

Stock Market Mixed Amid Fed Worries; This Former Pandemic Winner Plummets 33%

Investors may be guarded today as the Federal Reserve starts a two-day meeting.

Benzinga

Expert Ratings for Chegg

Within the last quarter, Chegg (NYSE:CHGG) has observed the following analyst ratings:

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 3, 2022

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Benzinga

Analyzing Chegg's Short Interest

Chegg's (NYSE:CHGG) short percent of float has fallen 4.89% since its last report. The company recently reported that it has 7.40 million shares sold short, which is 5.64% of all regular shares that are available for trading.

Benzinga

Why Chegg Shares Are Falling

Chegg Inc (NYSE: CHGG) shares are trading lower by 39.55% to $15.10 during Tuesday's pre-market session after the company reported first-quarter earnings results and issued second-quarter and FY22 sales guidance below analyst estimates.

Benzinga

Why Chegg Shares Are Getting Hammered During Monday's After-Hours Session

Chegg Inc (NYSE: CHGG) shares are trading lower by 30.10% to $17.46 during Monday's after-hours session after the company reported first-quarter earnings results and issued second-quarter and FY22 sales guidance below analyst estimates.

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