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 to learn their course materials, succeed in their classes, and save money on required materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math solver, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, Chegg Math Solver, video content, and practice quizzes, which creates an integrated platform of connected academic support services; and Thinkful, a skills-based learning platform that offers professional courses in the areas of software engineering, UX/UI design, digital marketing, data science, product management, data analytics, product design, and technical project management directly to students. The company also provides other services, such as Chegg Prep and internships; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.
IPO Year: 2013
Exchange: NYSE
Website: chegg.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/6/2024 | Sell → Neutral | Goldman | |
7/16/2024 | $6.50 → $3.25 | Underweight → Equal-Weight | Morgan Stanley |
4/30/2024 | $13.00 → $7.00 | Buy → Hold | Craig Hallum |
4/30/2024 | $7.00 → $4.00 | Hold → Underperform | Jefferies |
3/11/2024 | $9.00 | Neutral | JP Morgan |
2/6/2024 | $9.00 → $8.50 | Neutral → Underweight | Piper Sandler |
1/19/2024 | $10.00 → $8.00 | Neutral → Sell | Goldman |
11/20/2023 | $10.00 → $9.00 | Equal-Weight → Underweight | Morgan Stanley |
5/2/2023 | Outperform → Mkt Perform | Barrington Research | |
5/2/2023 | $25.00 → $11.00 | Buy → Hold | Jefferies |
Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on November 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. One newly hired employee received an award of restricted stock units ("RSUs") representing 3,575 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSUs will fully vest on November 12, 2025, subject to the employee's continuous service through the vesting date. About Chegg Chegg provides individualized learning support to students as they pursue their educational journeys. Availabl
Busuu adds the speech-based feature to its platform to help learners master speaking confidently in other languages Busuu, a Chegg service and language learning provider with over 120 million registered users1, today unveiled the Busuu Conversations feature to empower language learners to speak confidently and naturally in their journey to achieve speech proficiency. Through artificial intelligence-simulated exchanges, Busuu users can practice two-way dialogues that mimic everyday scenarios and receive real-time feedback from AI on their performance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241018047666/en/ Busuu Conversat
Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on October 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. One newly hired employee received an award of restricted stock units ("RSUs") representing 50,000 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSUs will fully vest on October 12, 2025, subject to the employee's continuous service through the vesting date. About Chegg Chegg provides individualized learning support to students as they pursue their educational journeys. Available on
Chegg, Inc. (NYSE:CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Tuesday, November 12, 2024, after market close for the third quarter of 2024, which ended on September 30, 2024. Chegg will host a conference call to discuss the third-quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the U.S. +1-201-689-8471. A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu. Participants can also access the call using the Call me™ link for instant telephone ac
Chegg, a leading student-first online learning platform, announced today that Sarah Bond and Dr. Paul LeBlanc are departing its board of directors. "On behalf of the entire board, I want to express our deepest gratitude to Sarah and Paul for their service and unwavering dedication over the years," said Dan Rosensweig, Executive Chairman and Co-Chairperson of the Chegg Board. "Their leadership and expertise have been instrumental in guiding our mission through the years. While we will miss their valuable insights and presence, we are grateful for their contributions." "It's been an honor to be part of Chegg's journey these past four years. I continue to feel strongly about Chegg's mission
Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on September 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. Four newly hired employees received, in the aggregate, awards of restricted stock units ("RSUs") representing 124,129 shares of Chegg common stock, in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. With respect to two of the newly hired employees, 53,725 of the RSUs will fully vest after 12 months of each respective employee's continuous service. With respect to one of the newly hired employees, 15,675 of the RSUs
Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on August 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. Eleven newly hired employees received, in the aggregate, awards of restricted stock units ("RSUs") representing 72,435 shares of Chegg common stock, in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. The RSUs will vest with respect to one-third of the shares underlying each award after 12 months of each respective employee's continuous service, and the remaining underlying shares will vest in equal quarterly installme
Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2024. "Q2 has been transformational for Chegg, completing our restructure, outlining an exciting vision for the future, and completing the rollout of conversational instruction capability and automated solutions just in time for the back-to-school season," said Nathan Schultz, Chief Executive Officer & President of Chegg, Inc. "We are executing our product vision to evolve Chegg from a solutions-based study platform to one that supports students holistically with 360 degrees of individualized academic and functional support, which meets the n
Chegg expands its Perks program adding Max with Ads plan for qualifying U.S. Chegg Subscribers As the new school year approaches, Chegg, Inc. (NYSE:CHGG), a leading student-first online learning platform, announced today, a new partnership that will bring Max's iconic programming to Chegg subscribers. Starting today, the Max with Ads plan* is included with a U.S. Chegg Study or Chegg Study Pack subscription. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240804653645/en/Chegg expands its Perks program adding Max with Ads plan for qualifying U.S. Chegg Subscribers (Graphic: Business Wire) Through the partnership, new and existi
Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on July 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan. Two newly hired employees received, in the aggregate, awards of restricted stock units ("RSUs") representing 15,030 shares of Chegg common stock, in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. With respect to one of the newly hired employees, 4,530 of the RSUs will vest with respect to one-third of the shares underlying the award after 12 months of such employee's continuous service, and the remaining underlying sha
Goldman upgraded Chegg from Sell to Neutral
Morgan Stanley upgraded Chegg from Underweight to Equal-Weight and set a new price target of $3.25 from $6.50 previously
Craig Hallum downgraded Chegg from Buy to Hold and set a new price target of $7.00 from $13.00 previously
Jefferies downgraded Chegg from Hold to Underperform and set a new price target of $4.00 from $7.00 previously
JP Morgan resumed coverage of Chegg with a rating of Neutral and set a new price target of $9.00
Piper Sandler downgraded Chegg from Neutral to Underweight and set a new price target of $8.50 from $9.00 previously
Goldman downgraded Chegg from Neutral to Sell and set a new price target of $8.00 from $10.00 previously
Morgan Stanley downgraded Chegg from Equal-Weight to Underweight and set a new price target of $9.00 from $10.00 previously
Barrington Research downgraded Chegg from Outperform to Mkt Perform
Jefferies downgraded Chegg from Buy to Hold and set a new price target of $11.00 from $25.00 previously
Chegg, Inc. (NYSE:CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Tuesday, November 12, 2024, after market close for the third quarter of 2024, which ended on September 30, 2024. Chegg will host a conference call to discuss the third-quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the U.S. +1-201-689-8471. A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu. Participants can also access the call using the Call me™ link for instant telephone ac
Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2024. "Q2 has been transformational for Chegg, completing our restructure, outlining an exciting vision for the future, and completing the rollout of conversational instruction capability and automated solutions just in time for the back-to-school season," said Nathan Schultz, Chief Executive Officer & President of Chegg, Inc. "We are executing our product vision to evolve Chegg from a solutions-based study platform to one that supports students holistically with 360 degrees of individualized academic and functional support, which meets the n
Chegg, Inc. (NYSE:CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Monday, August 5, 2024, after market close for the second quarter of 2024, which ended June 30, 2024. Chegg will host a conference call to discuss the second-quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the U.S. +1-201-689-8471. A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu. Participants can also access the call using the Call me™ link for instant telephone access to t
Announces Nathan Schultz as incoming CEO, Dan Rosensweig to become Executive Chairman Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended March 31, 2024. "Nathan has been core to Chegg's success from our earliest days as a textbook rental company, to leveraging AI today to create a truly personalized learning assistant," said Dan Rosensweig, CEO & President of Chegg, Inc. "As we are seeing encouraging signs of how our new AI enabled platform will serve more students, in more ways, it's the right time for Nathan to step in and lead, and I could not be more excited about Chegg's future." "We had a ve
Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the first quarter of 2024, which ended March 31, 2024, on Monday, April 29, 2024, after the market close. Chegg will host a conference call to discuss the first quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the US +1-201-689-8471. A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu. Participants can also access the call using the Call me™ link for instant telephone acce
Chegg announces appointment of new Chief Financial Officer, David Longo, effective February 21, 2024 Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three and twelve months ended December 31, 2023. "It's an exciting time at Chegg and I am proud of the team, and how they have navigated through last year, as we completely reinvented the company by leveraging the advancements in artificial intelligence," said Dan Rosensweig, CEO and President of Chegg, Inc. "The process of embedding AI into every facet of Chegg's platform is ongoing and iterative, as we build a truly personalized learning assistant." Q4 2023 Highlig
Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the fourth quarter and full fiscal year of 2023, which ended December 31, 2023, on Monday, February 5, 2024, after the market close. Chegg will host a conference call to discuss the fourth quarter and full year financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the U.S. +1-201-689-8471. A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu. Participants can also access the call using
Chegg begins to roll out the first phase of its new AI-powered user experience Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2023. "Chegg is in a great position to build the most impactful, scalable, AI-enabled, personal learning assistant, which will expand our opportunities to serve more students, in more ways, and at a lower cost per customer," said Dan Rosensweig, CEO & President of Chegg, Inc. "We are moving quickly and have already started to roll out our new simple user interface and unified asking experience, delivering faster and more relevant solutions." Third Quarter
Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the third quarter of 2023, which ended September 30, 2023, on Monday, October 30, 2023, after the market close. Chegg will host a conference call to discuss the third quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day. To access the call, please dial 1-877-407-4018 or outside the U.S. +1-201-689-8471. A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu. Participants can also access the call using the Call me™ link
Chegg accelerates and enhances personalized learning assistant leveraging advancements in AI Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended June 30, 2023. "Chegg outperformed guidance for both revenue and adjusted EBITDA in Q2 and saw year-over-year customer acquisition and retention rates improve during the quarter," said Dan Rosensweig, CEO & President of Chegg, Inc. "We launched the beta version of our initial generative AI experience in May and feedback has been very positive. We believe we are in an unrivaled position to deliver a unique, personalized learning experience for students becaus
Chris Mason promoted to new role as Chegg further executes its new business strategy Chegg, Inc. (NYSE:CHGG), a leading student-first online learning platform, announced the appointment of Chris Mason as Chief Business Officer today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240625433587/en/Chegg expands its leadership team with the promotion of Chris Mason to Chief Business Officer. (Photo: Business Wire) In his expanded role, Mason will drive Chegg's growth strategy, business operations, strategic partnerships, and international expansion, further helping to position Chegg as a global leader in online education. "I am
Dan Rosensweig appointed Executive Chairman of the Board Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced the appointment of Nathan Schultz as President and Chief Executive Officer, effective June 1. Schultz will succeed Dan Rosensweig, who will step up to the role of Executive Chairman after 14 years as CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429522177/en/Dan Rosensweig was appointed Executive Chairman after 14 years as CEO of Chegg. (Photo: Business Wire) Schultz is a veteran of Chegg and has served in multiple leadership roles over the last 16 years at the compan
Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced the appointment of Deena Bahri as Chief Marketing Officer, effective March 27, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240326056340/en/Deena Bahri (Photo: Business Wire) During her 20-year career, Ms. Bahri has held key marketing positions at innovative tech-driven brands including Birchbox, Gilt Groupe, and Reebok. She was most recently Chief Marketing Officer of leading current culture marketplace StockX, where she led the global marketing and merchandising teams. Ms. Bahri will drive Chegg's brand and user growth str
Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced the appointment of David Longo as Chief Financial Officer, effective February 21. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240205778383/en/David Longo (Photo: Business Wire) Mr. Longo currently serves as Vice President, Chief Accounting Officer, Corporate Controller, and Assistant Treasurer at Chegg. He will succeed Andrew Brown, who announced his retirement in the fall of last year, after more than 12 years at Chegg. "David is the perfect candidate to take on the CFO role and I couldn't be more confident in his ability to dri
Full-Service Digital Accessibility Platform Appoints Sophia Tupolev-Luz as VP of Communications and Etay Geller as VP of Product WILMINGTON, Del., Nov. 20, 2023 /PRNewswire/ -- UserWay (TASE: UWAY), a full-service provider of digital accessibility technologies, announced the appointments of Sophia Tupolev-Luz as Vice President of Communications and Etay Geller as Vice President of Product. Allon Mason, CEO of UserWay, said, "The appointments of Sophia and Etay come at a time when UserWay is scaling up, having recently announced the launch of innovative accessibility solutions like FixMyCode.ai and UserWay for Microsoft PowerPoint, alongside financial milestones such as reaching positive cas
Underwood joins Chegg to drive its expanded vision utilizing artificial intelligence to the benefit of the student Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that Dana Underwood has joined the company as Chief Product Officer, effective Oct. 2, 2023. In this new role, Dana will be responsible for elevating Chegg's student experience, driving its product execution, and leveraging the power of AI to expand who the company serves and how it serves them. He will also lead the company's learning pathways, research, design, and product management teams, as well as student advocacy. This press release features multimedia. View the full releas
Coggins and Mason bring decades of experience growing pioneering tech companies to Chegg's leadership team Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that Colin Coggins joined the company as Senior Vice President of Chegg Skills, effective May 1, 2023. It also announced the appointment of Chris Mason, who joined the company on April 24, 2023, as Senior Vice President of Business Operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230501005209/en/Chris Mason, Chegg's Senior Vice President of Business Operations (Photo: Business Wire) Colin Coggins is an accomplished bu
In the newly created role, Schultz will oversee all consumer-facing products and services Today, Chegg Inc. (NYSE:CHGG) the leading student-first connected learning platform, announced the promotion of Nathan Schultz to Chief Operating Officer, effective immediately. Schultz has served in various roles at Chegg for 15 years, and was previously President of Learning Services, where he was responsible for all aspects of Chegg's learning tools. Throughout his career, he has successfully overseen Chegg's required materials service, Chegg Study, Writing, and Math, the creation of the Chegg Study Pack, international growth, and the acquisition and integration of new services such as skills accel
Chief Financial Officer of Squarespace brings more than twenty-five years of experience in building global media and technology companies to Chegg's board Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that Marcela Martin, Chief Financial Officer of Squarespace, has joined Chegg's Board of Directors, effective today, September 15, 2021. Ms. Martin will serve as a member of the Audit Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210915005159/en/Marcela Martin, Chief Financial Officer of Squarespace "With passion for the future of education and experience in growing glob
SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, today announced that Sarah Bond, Corporate Vice President (CVP) of Gaming Ecosystem at Microsoft, has joined Chegg's Board of Directors, effective today on December 2nd, 2020. "Considering that she works in one of the fastest-growing, quickest moving industries in the world, Sarah’s ability to think ahead of the game and build innovative partnerships is incredibly impressive," said Dan Rosensweig, President and CEO of Chegg, Inc. "Sarah’s knowledge of subscription-based services and passion for using technologies to build online communities makes her an excellent a
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Morgan Stanley analyst Josh Baer upgrades Chegg (NYSE:CHGG) from Underweight to Equal-Weight and lowers the price target from $6.5 to $3.25.
Chegg, a leading student-first online learning platform, announced today that it has chosen Amazon Web Services (AWS) as its preferred cloud provider to advance its AI strategy and drive innovation in education. As part of a five-year agreement with AWS, Chegg is set to capitalize on AWS's advanced AI capabilities to enhance the personalized learning experience for students worldwide.
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