Duolingo (NASDAQ:DUOL) Stock Price Up 6.4% – Here’s What Happened

Duolingo, Inc. (NASDAQ:DUOL)’s share price rose 6.4% on Wednesday . The stock traded as high as $126.40 and last traded at $125.4520. Approximately 642,627 shares were traded during trading, a decline of 72% from the average daily volume of 2,293,141 shares. The stock had previously closed at $117.86.

Wall Street Analyst Weigh In

DUOL has been the subject of several research analyst reports. Argus reaffirmed a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. Morgan Stanley decreased their price target on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. Scotiabank reaffirmed a “sector perform” rating and set a $100.00 price target (down from $300.00) on shares of Duolingo in a research note on Friday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Citigroup reaffirmed a “neutral” rating and set a $101.00 price target (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $197.61.

Duolingo Stock Up 1.5%

The company has a market cap of $5.76 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.92 and a beta of 0.89. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $105.56 and its 200 day moving average is $130.10.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. Duolingo’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Stephen C. Chen sold 1,977 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the transaction, the general counsel owned 52,807 shares of the company’s stock, valued at $5,999,403.27. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider directly owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This trade represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 9,506 shares of company stock valued at $1,073,864 over the last 90 days. Corporate insiders own 16.62% of the company’s stock.

Hedge Funds Weigh In On Duolingo

A number of large investors have recently bought and sold shares of DUOL. Root Financial Partners LLC lifted its holdings in shares of Duolingo by 194.1% during 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 during the 4th quarter worth $26,000. AlphaCentric Advisors LLC purchased a new position in Duolingo during the 4th quarter worth $33,000. Banque Cantonale Vaudoise grew its stake in Duolingo by 51.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock worth $34,000 after buying an additional 115 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Duolingo during the 4th quarter worth $43,000. Institutional investors own 91.59% of the company’s stock.

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.