Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) CEO Ahn Luis Von sold 41,759 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Duolingo Trading Up 3.2 %
NASDAQ:DUOL traded up $10.65 during trading hours on Monday, hitting $348.72. 637,281 shares of the company were exchanged, compared to its average volume of 688,768. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $317.36 and a 200 day simple moving average of $246.15. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 184.74 and a beta of 0.85.
Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm's revenue was up 39.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Sell-side analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.
Institutional Investors Weigh In On Duolingo
Institutional investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company's stock worth $751,085,000 after acquiring an additional 564,173 shares during the last quarter. State Street Corp lifted its holdings in Duolingo by 3.6% during the third quarter. State Street Corp now owns 1,076,273 shares of the company's stock worth $303,530,000 after buying an additional 36,923 shares during the period. Dragoneer Investment Group LLC bought a new position in shares of Duolingo during the 2nd quarter worth approximately $204,768,000. Geode Capital Management LLC grew its stake in shares of Duolingo by 2.5% during the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company's stock worth $189,790,000 after acquiring an additional 16,481 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Duolingo by 25.1% during the second quarter. American Century Companies Inc. now owns 498,957 shares of the company's stock worth $104,117,000 after buying an additional 100,167 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on DUOL shares. Seaport Res Ptn cut shares of Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Scotiabank started coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday. Needham & Company LLC increased their target price on shares of Duolingo from $310.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Bank of America lowered Duolingo from a "buy" rating to a "neutral" rating and upped their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $352.40.
Read Our Latest Report on Duolingo
About Duolingo
(
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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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