Duolingo (NASDAQ:DUOL) Shares Gap Down – What’s Next?

Duolingo, Inc. (NASDAQ:DUOL) gapped down prior to trading on Friday . The stock had previously closed at $375.78, but opened at $325.06. Duolingo shares last traded at $306.25, with a volume of 608,057 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DUOL. The Goldman Sachs Group increased their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler upped their price objective on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.09.

Duolingo Trading Down 17.0 %

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 firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 170.53 and a beta of 0.89. The firm’s 50-day moving average is $360.31 and its 200 day moving average is $309.24.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 305,639 shares of company stock valued at $105,445,057 over the last 90 days. 18.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently modified their holdings of DUOL. FMR LLC lifted its holdings in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after buying an additional 1,063,327 shares during the period. Norges Bank acquired a new position in shares of Duolingo during the fourth quarter valued at about $152,296,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after purchasing an additional 398,259 shares in the last quarter. Invesco Ltd. grew its stake in shares of Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after buying an additional 378,225 shares during the period. Finally, Spyglass Capital Management LLC bought a new stake in Duolingo in the 3rd quarter valued at about $38,512,000. 91.59% of the stock is owned by institutional investors.

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.