Duolingo (NASDAQ:DUOL) Insider Sells $159,267.20 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $159,267.20. Following the sale, the insider owned 170,745 shares of the company’s stock, valued at approximately $19,150,759.20. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Trading Down 1.1%

NASDAQ DUOL opened at $105.64 on Friday. The stock has a market cap of $4.92 billion, a PE ratio of 12.16, a PEG ratio of 0.81 and a beta of 0.90. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $540.30. The company’s 50-day moving average price is $101.48 and its 200-day moving average price is $139.35. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Equities research analysts forecast that Duolingo, Inc. will post 2.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of research reports. Scotiabank reiterated a “sector perform” rating and issued a $100.00 price target (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. Barclays reduced their price objective on Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Citigroup reaffirmed a “neutral” rating and set a $101.00 target price (down from $270.00) on shares of Duolingo in a research report on Friday, February 27th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Duolingo in a report on Tuesday, May 5th. Finally, Evercore set a $97.00 price target on Duolingo in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $195.94.

Hedge Funds Weigh In On Duolingo

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC raised its stake in Duolingo by 194.1% in the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after buying an additional 165 shares in the last quarter. EFG International AG bought a new stake in Duolingo during the 4th quarter valued at $26,000. Atlantic Union Bankshares Corp bought a new stake in Duolingo during the 3rd quarter valued at $32,000. AlphaCentric Advisors LLC purchased a new position in shares of Duolingo in the 4th quarter valued at $33,000. Finally, Banque Cantonale Vaudoise increased its holdings in shares of Duolingo by 51.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 115 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.