Duolingo (NASDAQ:DUOL) Trading Down 2.7%

Shares of Duolingo, Inc. (NASDAQ:DUOL) were down 2.7% on Tuesday . The company traded as low as $186.64 and last traded at $186.83. Approximately 101,808 shares changed 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 research analysts have recently weighed in on DUOL shares. Needham & Company LLC lifted their price objective on Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays reduced their price objective on Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a research note on Wednesday, July 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price objective (down previously from $282.00) on shares of Duolingo in a research note on Friday, May 10th. Finally, Wolfe Research began coverage on Duolingo in a research report on Tuesday. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and an average target price of $246.70.

Duolingo Stock Down 3.2 %

The business has a fifty day moving average price of $195.38 and a two-hundred day moving average price of $203.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 197.99 and a beta of 0.73.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The business had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The company’s revenue was up 44.9% on a year-over-year basis. On average, equities analysts expect that Duolingo, Inc. will post 1.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $223.46, for a total value of $1,787,680.00. Following the transaction, the chief financial officer now owns 64,523 shares in the company, valued at $14,418,309.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $196.24, for a total value of $294,360.00. Following the completion of the sale, the insider now owns 145,782 shares of the company’s stock, valued at $28,608,259.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $223.46, for a total value of $1,787,680.00. Following the completion of the sale, the chief financial officer now directly owns 64,523 shares of the company’s stock, valued at approximately $14,418,309.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,198 shares of company stock worth $11,929,033. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after acquiring an additional 67,004 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in Duolingo by 23.9% during the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after acquiring an additional 245,599 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Duolingo by 147.6% during the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after buying an additional 358,938 shares during the period. Norges Bank purchased a new position in shares of Duolingo during the fourth quarter worth $84,042,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after buying an additional 154,659 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.