Duolingo (NASDAQ:DUOL) Insider Sells $174,842.02 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 1,354 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $129.13, for a total value of $174,842.02. Following the completion of the sale, the insider directly owned 169,391 shares of the company’s stock, valued at $21,873,459.83. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Stock Down 0.6%

Shares of NASDAQ DUOL opened at $146.13 on Friday. Duolingo, Inc. has a one year low of $87.89 and a one year high of $355.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72. The business’s fifty day moving average price is $130.48 and its 200-day moving average price is $114.57. The stock has a market capitalization of $6.84 billion, a PE ratio of 17.31, a P/E/G ratio of 1.20 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.06. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The company had revenue of $298.45 million during the quarter, compared to the consensus estimate of $295.58 million. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts anticipate that Duolingo, Inc. will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DUOL shares. Citigroup upgraded shares of Duolingo from a “hold” rating to a “buy” rating in a research report on Tuesday. Barclays upped their price target on shares of Duolingo from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of Duolingo from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Wedbush boosted their target price on shares of Duolingo from $139.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $131.19.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its position in shares of Duolingo by 194.1% during the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after buying an additional 165 shares during the period. EFG International AG purchased a new stake in shares of Duolingo in the fourth quarter worth about $26,000. AlphaCentric Advisors LLC bought a new position in shares of Duolingo in the fourth quarter valued at approximately $33,000. Banque Cantonale Vaudoise boosted its position in shares of Duolingo by 51.1% in the first 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. Finally, FNY Investment Advisers LLC purchased a new position in Duolingo during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

About Duolingo

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.