Duolingo, Inc. (NASDAQ:DUOL) Insider Robert Meese Sells 5,351 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,351 shares of Duolingo stock in a transaction on Monday, March 24th. The stock was sold at an average price of $320.02, for a total transaction of $1,712,427.02. Following the transaction, the insider now directly owns 133,805 shares in the company, valued at $42,820,276.10. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Duolingo Stock Down 2.7 %

DUOL stock opened at $331.22 on Thursday. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The stock has a fifty day moving average of $348.64 and a 200-day moving average of $322.31. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 181.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share 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 business had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. As a group, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of Duolingo in the third quarter worth $26,000. First Horizon Advisors Inc. bought a new position in Duolingo in the 3rd quarter worth about $29,000. Quarry LP grew its holdings in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the fourth quarter valued at about $31,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

DUOL has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Scotiabank assumed coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. Barclays upped their target price on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Needham & Company LLC upped their price objective on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $376.25.

Duolingo Company Profile

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.