Duolingo (NASDAQ:DUOL) General Counsel Stephen Chen Sells 820 Shares

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 820 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $91,971.20. Following the sale, the general counsel owned 54,784 shares in the company, valued at $6,144,573.44. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $114.10 on Wednesday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 13.13, a PEG ratio of 0.86 and a beta of 0.90. Duolingo, Inc. has a one year low of $87.89 and a one year high of $540.30. The company’s fifty day moving average is $101.15 and its two-hundred day moving average is $141.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The business’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. Analysts forecast that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on DUOL shares. Scotiabank restated a “sector perform” rating and set a $100.00 target price (down from $300.00) on shares of Duolingo in a research report on Friday, February 27th. The Goldman Sachs Group decreased their price objective on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Truist Financial lowered shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Friday, February 27th. Argus reiterated a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Finally, DA Davidson boosted their price objective on shares of Duolingo from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Duolingo currently has a consensus rating of “Hold” and an average price target of $195.94.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC raised its stake in Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after purchasing an additional 165 shares during the last quarter. EFG International AG purchased a new position in Duolingo in the 4th quarter valued at about $26,000. Atlantic Union Bankshares Corp purchased a new position in Duolingo in the 3rd quarter valued at about $32,000. AlphaCentric Advisors LLC purchased a new position in Duolingo in the 4th quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise lifted its holdings in Duolingo by 51.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.