Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) shares traded up 6.3% during trading on Thursday . The stock traded as high as $341.47 and last traded at $340.14. 187,956 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 434,455 shares. The stock had previously closed at $319.98.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on DUOL. The Goldman Sachs Group upped their price objective on Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. UBS Group upped their price target on shares of Duolingo from $355.00 to $408.00 and gave the company a "buy" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on Duolingo from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Piper Sandler raised their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, JMP Securities lowered Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and an average target price of $353.90.
Read Our Latest Research Report on Duolingo
Duolingo Price Performance
The firm has a 50-day simple moving average of $336.58 and a 200-day simple moving average of $267.30. The firm has a market cap of $15.45 billion, a P/E ratio of 191.88 and a beta of 0.87. 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million for 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 for the quarter was up 39.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. As a group, analysts forecast that Duolingo, Inc. will post 2.02 EPS for the current year.
Insider Buying and Selling
In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now directly owns 132,239 shares of the company's stock, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now owns 72 shares of the company's stock, valued at approximately $24,446.88. This represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 271,124 shares of company stock worth $91,694,238 in the last 90 days. 18.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Duolingo
Institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new position in shares of Duolingo in the 3rd quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo during the 3rd quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo in the second quarter worth $36,000. Farther Finance Advisors LLC lifted its stake in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock worth $36,000 after buying an additional 79 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Duolingo by 50.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 180 shares of the company's stock valued at $58,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.
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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