Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Robert Meese sold 10,000 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $367.65, for a total transaction of $3,676,500.00. Following the completion of the transaction, the insider now directly owns 123,805 shares in the company, valued at $45,516,908.25. This trade represents a 7.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Robert Meese also recently made the following trade(s):
- On Monday, March 24th, Robert Meese sold 5,351 shares of Duolingo stock. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02.
Duolingo Trading Up 1.4 %
Duolingo stock opened at $375.02 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a market cap of $16.97 billion, a PE ratio of 204.93 and a beta of 0.91. The stock has a 50-day moving average of $326.90 and a two-hundred day moving average of $331.73. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77.
Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. On average, research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Barclays increased their price objective on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Needham & Company LLC raised their price target on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research note on Tuesday, March 18th. UBS Group cut their target price on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Scotiabank lowered their price target on shares of Duolingo from $425.00 to $405.00 and set a "sector outperform" rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $376.15.
View Our Latest Research Report on Duolingo
Hedge Funds Weigh In On Duolingo
Several hedge funds have recently made changes to their positions in DUOL. Barclays PLC increased its holdings in shares of Duolingo by 90.9% in the third quarter. Barclays PLC now owns 42,613 shares of the company's stock valued at $12,018,000 after purchasing an additional 20,289 shares during the period. Sanctuary Advisors LLC acquired a new position in Duolingo in the 3rd quarter worth approximately $199,000. Tidal Investments LLC raised its position in Duolingo by 8.0% during the 3rd quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock worth $440,000 after buying an additional 115 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock valued at $55,747,000 after acquiring an additional 76,875 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Duolingo by 60.1% in the 4th quarter. GAMMA Investing LLC now owns 570 shares of the company's stock valued at $185,000 after acquiring an additional 214 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.
Duolingo Company Profile
(
Get Free Report)
Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.
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