Chegg Repurchases Convertible Notes Under Ongoing Buyback Program

The latest update is out from Chegg ( (CHGG) ).

On December 23, 2025, Chegg, Inc. entered into privately negotiated agreements with certain holders of its 0% Convertible Senior Notes due 2026 to repurchase approximately $8.9 million in principal amount of these notes for about $8.3 million in cash, as part of its previously announced securities repurchase program. The transactions, expected to close on December 30, 2025 subject to customary conditions, will leave roughly $53.9 million of the 2026 notes outstanding and $141.8 million still available under the repurchase program, signaling continued balance-sheet management and capital-return efforts that could affect the company’s leverage profile and flexibility for future capital allocation.

The most recent analyst rating on (CHGG) stock is a Hold with a $0.88 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.

Chegg’s overall stock score is primarily impacted by its weak financial performance and valuation, with significant revenue declines and profitability issues. Technical analysis and corporate events further weigh on the score, despite some positive strategic shifts highlighted in the earnings call.

To see Spark’s full report on CHGG stock, click here.

More about Chegg

Chegg, Inc. operates in the education technology sector, providing digital learning services and academic support tools primarily for students. The company focuses on online study assistance and related educational resources in the U.S. and international markets.

Average Trading Volume: 2,637,611

Technical Sentiment Signal: Strong Sell

Current Market Cap: $108.4M

For an in-depth examination of CHGG stock, go to TipRanks’ Overview page.