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The latest announcement is out from Chegg ( (CHGG) ).
On February 13, 2026, Chegg, Inc. entered into a privately negotiated agreement to repurchase $20.0 million in principal amount of its 0% Convertible Senior Notes due 2026 for a cash price of $19.4 million. The transaction, part of Chegg’s existing securities repurchase program, is expected to close on February 20, 2026, leaving $33.9 million of these notes outstanding and $122.4 million still available under the repurchase authorization.
The move effectively reduces Chegg’s outstanding convertible debt at a slight discount to face value and signals continued balance-sheet management ahead of the 2026 notes’ maturity. For stakeholders, the repurchase reflects the company’s use of capital to lower leverage while preserving significant capacity under its buyback program for future debt or equity repurchases, which may influence Chegg’s capital structure and earnings profile over time.
The most recent analyst rating on (CHGG) stock is a Hold with a $0.73 price target. To see the full list of analyst forecasts on Chegg stock, see the CHGG Stock Forecast page.
Spark’s Take on CHGG Stock
According to Spark, TipRanks’ AI Analyst, CHGG is a Neutral.
The score is held down primarily by weak financial performance (declining revenue, losses, and negative 2025 free cash flow) and bearish technicals (below major moving averages with negative MACD). The latest earnings call provides partial support via cost-cutting and skilling growth targets, but near-term cash and listing risks keep the overall outlook cautious.
To see Spark’s full report on CHGG stock, click here.
More about Chegg
Chegg, Inc. is an education-focused technology company that provides digital learning tools and academic support services to students. The company operates in the online education sector, offering subscription-based study assistance and related content aimed at improving student outcomes and engagement in higher education and beyond.
Average Trading Volume: 1,482,115
Technical Sentiment Signal: Sell
Current Market Cap: $61.6M
For an in-depth examination of CHGG stock, go to TipRanks’ Overview page.