Chegg Will Profit From The Transformation Of Postsecondary Education (NYSE:CHGG)

(Source: Chegg)

Chegg, Inc. (CHGG) is known for its “students first” mandate, providing low-cost educational support services for university and college students, and also providing textbooks at a low cost. Services, referred to as Chegg Services, consist of “Chegg Study, Chegg Writing, Chegg Tutors, Chegg Math Solver, Thinkful, and Mathway”. The other area of business, that the company refers to as Required Materials consists of low-cost textbook sale/rentals and also eTextbooks. Chegg partners with several third parties, including MacMillan, McGraw Hill, and Cengage Learning.

Being an online educational service for students, Chegg has been a major beneficiary of the education system shutdown last spring due to the pandemic. In fact, revenue jumped 57% YoY for Q2 2020, which ended in June.

(Source: Chegg)

The exciting part is that online postsecondary education is set to explode this fall, as students have few options other than online learning, without skipping a year.

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Tyton Partners Launches Center for Higher Education Transformation

BOSTON, Sept. 23, 2020 (GLOBE NEWSWIRE) — Colleges and universities are experiencing never-before-seen levels of change, exacerbated by the COVID-19 pandemic. Higher education institutions of all types and sizes face a barrage of pressures to improve outcomes and sustainability despite a declining and evolving student population. Tyton Partners has launched its Center for Higher Education Transformation and added two seasoned executives with deep experience in the field to support institutional leadership teams as they face strategic choices of lasting impact.

Michael Goldstein, Managing Director, will be working in both the investment banking and strategy consulting practices as a co-creator of the Center. He has a distinguished career spanning more than forty years in the postsecondary education sector. A former university administrator and recipient of multiple awards for innovation in higher education, Goldstein was the founder and senior counsel of the Higher Education Practice at Cooley LLP before joining Tyton Partners.

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