Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) CFO Matthew Skaruppa sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total value of $1,622,400.00. Following the completion of the sale, the chief financial officer now owns 67,730 shares of the company's stock, valued at approximately $21,977,030.40. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Duolingo Price Performance
DUOL traded up $14.18 on Friday, reaching $340.06. The stock had a trading volume of 344,099 shares, compared to its average volume of 405,199. 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 market capitalization of $14.96 billion, a price-to-earnings ratio of 185.83 and a beta of 0.85. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The firm has a 50-day moving average of $332.32 and a 200-day moving average of $259.99.
Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The firm's revenue was up 39.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Seaport Res Ptn cut shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an "outperform" rating to a "market perform" rating in a research report on Monday, October 14th. Needham & Company LLC boosted their price objective on shares of Duolingo from $370.00 to $385.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, UBS Group upped their target price on Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $353.90.
Check Out Our Latest Report on Duolingo
Institutional Trading of Duolingo
Several institutional investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new position in Duolingo during the 3rd quarter worth about $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo in the third quarter valued at approximately $29,000. Larson Financial Group LLC acquired a new stake in Duolingo during the 2nd quarter valued at approximately $31,000. Mark Sheptoff Financial Planning LLC bought a new position in Duolingo during the 2nd quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock worth $36,000 after purchasing an additional 79 shares during the period. Institutional investors 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.
Featured Stories
Before you consider Duolingo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duolingo wasn't on the list.
While Duolingo currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
