As Rosensweig explained, Chegg focuses on math and science, rather than the drafting of essays that has been challenging for schools.

Source: https://www.chiangraitimes.com/tech/chatgpts-ai-powers-chegg-study-buddy/

Captrust Financial Advisors lifted its holdings in Chegg by 79.6% in the first quarter.

Source: https://www.etfdailynews.com/2023/03/10/alphacrest-capital-management-llc-trims-stock-holdings-in-chegg-inc-nysechgg/

ChatGPT threatening Chegg, a Hollywood writers strike and Microsoft adding a bunch of new AI tools to Bing.

Source: https://biztoc.com/x/2e819897fdad71e0?ref=ff

Craig Hallum decreased their price objective on shares of Chegg from $25.00 to $18.00 in a research report on Tuesday, May 2nd.

Source: https://www.americanbankingnews.com/2023/08/19/chegg-inc-nysechgg-shares-sold-by-jupiter-asset-management-ltd.html

Finally, Piper Sandler dropped their price target on shares of Chegg from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st.

Source: https://www.americanbankingnews.com/2023/11/11/allspring-global-investments-holdings-llc-purchases-34128-shares-of-chegg-inc-nysechgg.html

Northern Trust Corp boosted its stake in shares of Chegg by 92.0% in the 2nd quarter.

Source: https://www.etfdailynews.com/2023/04/23/dekabank-deutsche-girozentrale-purchases-shares-of-34570-chegg-inc-nysechgg/

Team spokesperson Brian Brokaw didn’t address specifics of the lawsuits, saying in a statement that “the 49ers are proud of the work we accomplished with Chegg to provide scholarships for first-generation students.”

Source: https://www.mymcmurray.com/2023/08/10/49ers-ceo-jed-york-is-being-sued-over-insider-trading-accusations/

While Chegg beat analyst expectations for the first quarter of the year, it also raised a warning that didn’t fall on deaf ears: It warned that ChatGPT was hindering its ability to add new subscribers.

Source: https://techcrunch.com/2023/05/26/edtech-ai-worries/