Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $1,156,656.38 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 4,819 shares of Duolingo stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the completion of the transaction, the insider now owns 157,053 shares in the company, valued at $37,695,861.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Duolingo Price Performance

Duolingo stock opened at $268.34 on Friday. The firm has a market capitalization of $11.57 billion, a PE ratio of 276.64 and a beta of 0.76. Duolingo, Inc. has a 52 week low of $140.16 and a 52 week high of $270.28. The firm’s 50-day simple moving average is $198.82 and its 200 day simple moving average is $204.06. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. During the same period in the prior year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities research analysts predict that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DUOL. Piper Sandler reaffirmed an “overweight” rating and issued a $271.00 target price on shares of Duolingo in a report on Friday, August 30th. Needham & Company LLC dropped their target price on Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $237.40.

Hedge Funds Weigh In On Duolingo

Institutional investors have recently made changes to their positions in the stock. 9258 Wealth Management LLC increased its position in Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after purchasing an additional 65 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Duolingo during the fourth quarter worth about $211,000. Panagora Asset Management Inc. acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $1,254,000. Level Four Advisory Services LLC purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $496,000. Finally, Norges Bank acquired a new stake in Duolingo during the fourth quarter worth approximately $84,042,000. 91.59% of the stock is owned by institutional investors and hedge funds.

About Duolingo

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.