Duolingo, Inc. (NASDAQ:DUOL) Director Gillian Munson Sells 5,000 Shares

Duolingo, Inc. (NASDAQ:DUOL) Director Gillian Munson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $310.00, for a total value of $1,550,000.00. Following the transaction, the director now owns 3,530 shares in the company, valued at approximately $1,094,300. This trade represents a 58.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Duolingo Stock Up 1.0 %

Shares of Duolingo stock traded up $3.13 on Friday, reaching $309.30. 868,382 shares of the company were exchanged, compared to its average volume of 700,670. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 169.02 and a beta of 0.92. 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 company has a 50-day moving average of $347.77 and a 200 day moving average of $318.22.

Duolingo (NASDAQ:DUOL) last posted its quarterly 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 net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. On average, equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

Large investors have recently added to or reduced their stakes in the business. Quarry LP raised its stake in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after acquiring an additional 65 shares during the period. True Wealth Design LLC bought a new stake in Duolingo in the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo in the 4th quarter valued at $31,000. First Horizon Advisors Inc. bought a new stake in Duolingo in the 3rd quarter valued at $29,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after acquiring an additional 101 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DUOL shares. DA Davidson lifted their price objective on Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. UBS Group set a $400.00 target price on Duolingo in a research report on Tuesday. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and lifted their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Piper Sandler lifted their target price on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their target price on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.