Duolingo, Inc. (NASDAQ:DUOL - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $274.91, but opened at $294.66. Duolingo shares last traded at $285.10, with a volume of 102,183 shares.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. JMP Securities restated a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Bank of America cut Duolingo from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 price objective on the stock. Finally, UBS Group upped their target price on Duolingo from $408.00 to $410.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Seven investment 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. According to data from MarketBeat.com, Duolingo presently has an average rating of "Moderate Buy" and an average price target of $375.00.
Get Our Latest Stock Analysis on Duolingo
Duolingo Stock Performance
The business has a fifty day moving average of $351.16 and a 200-day moving average of $315.21. The company has a market cap of $12.33 billion, a PE ratio of 148.90 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.
Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. Equities research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.
Insider Transactions at Duolingo
In other news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the sale, the insider now owns 72 shares in the company, valued at approximately $24,251.04. The trade was a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 9,020 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares in the company, valued at approximately $37,989,702.47. This represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,499 shares of company stock valued at $29,162,568. Company insiders own 18.30% of the company's stock.
Institutional Trading of Duolingo
Institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new position in Duolingo in the third quarter worth approximately $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo during the 3rd quarter valued at approximately $29,000. Quarry LP raised its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo in the fourth quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after acquiring an additional 101 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.
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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