Duolingo (NASDAQ:DUOL) Stock Price Down 2.7%

Shares of Duolingo, Inc. (NASDAQ:DUOL) were down 2.7% during mid-day trading on Tuesday . The company traded as low as $186.64 and last traded at $186.83. Approximately 101,808 shares traded hands during trading, a decline of 87% from the average daily volume of 775,048 shares. The stock had previously closed at $192.05.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $265.00 price target (down previously from $282.00) on shares of Duolingo in a report on Friday, May 10th. Barclays lowered their target price on Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Needham & Company LLC upped their price target on Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. DA Davidson started coverage on Duolingo in a research report on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, JMP Securities reissued a “market outperform” rating and set a $260.00 price objective on shares of Duolingo in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $246.70.

Duolingo Trading Down 3.4 %

The company has a market capitalization of $7.80 billion, a P/E ratio of 186.55 and a beta of 0.73. The business has a 50 day moving average price of $192.87 and a 200 day moving average price of $203.12. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.08.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.30 by $0.27. The firm had revenue of $167.70 million during the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business’s quarterly revenue was up 44.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Analysts anticipate that Duolingo, Inc. will post 1.74 EPS for the current year.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $247.82, for a total value of $371,730.00. Following the completion of the sale, the insider now directly owns 123,005 shares in the company, valued at $30,483,099.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ahn Luis Von sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $223.51, for a total value of $2,682,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $247.82, for a total value of $371,730.00. Following the completion of the sale, the insider now directly owns 123,005 shares in the company, valued at approximately $30,483,099.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,198 shares of company stock worth $11,929,033. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DUOL. M&G Plc boosted its position in Duolingo by 12.4% during the 2nd quarter. M&G Plc now owns 37,196 shares of the company’s stock worth $7,774,000 after acquiring an additional 4,098 shares during the last quarter. Securian Asset Management Inc. bought a new position in Duolingo in the second quarter valued at $614,000. SG Americas Securities LLC increased its stake in Duolingo by 109.2% in the 2nd quarter. SG Americas Securities LLC now owns 7,615 shares of the company’s stock valued at $1,589,000 after buying an additional 3,975 shares during the last quarter. Renaissance Capital LLC lifted its position in Duolingo by 70.7% during the 2nd quarter. Renaissance Capital LLC now owns 32,961 shares of the company’s stock worth $6,878,000 after buying an additional 13,655 shares in the last quarter. Finally, Strategic Advocates LLC boosted its stake in shares of Duolingo by 8.3% during the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock worth $240,000 after buying an additional 88 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

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.