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The Latest Breaking News from Chegg

Pearson taking legal action over use of its content to train language models, as it announces own AI plans

Pearson has already sent out a cease-and-desist letter over use of its intellectual property

Evening Standard

AI race is disrupting education firms – and that is just the start

Companies’ shares plunge in London and New York after Chegg report that ChatGPT has hit revenues

The Guardian - UK

Has Chegg Chugged Its Last Breath?

With one earnings report, the education platform had its shares cut in half on Tuesday. Can Chegg stock recover from the latest blow?

Barchart

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Chegg’s shares tumbled nearly 50% after the edtech company said its customers are using ChatGPT instead of paying for its study tools

A.I. chatbots are killing Chegg’s business as the edtech company tries to add A.I. to its services to stay competitive.

Fortune

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

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

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

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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

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

Upgrades

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

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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

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.

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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.

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…

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.

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