Insider Selling: Duolingo, Inc. (NYSE:DUOL) Director Sells 20,000 Shares of Stock

Duolingo, Inc. (NYSE:DUOL – Get Rating) Director Sara Clemens sold 20,000 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $118.29, for a total value of $2,365,800.00. Following the sale, the director now owns 3,237 shares in the company, valued at approximately $382,904.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Duolingo Stock Up 6.8 %

Shares of DUOL stock opened at $127.35 on Tuesday. The stock has a market cap of $5.05 billion, a P/E ratio of -84.90 and a beta of 0.10. Duolingo, Inc. has a 52 week low of $60.50 and a 52 week high of $127.52. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $88.27 and its two-hundred day simple moving average is $85.61.

Duolingo (NYSE:DUOL – Get Rating) last announced its earnings results on Tuesday, February 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.18. The firm had revenue of $103.82 million for the quarter, compared to analysts’ expectations of $99.88 million. Duolingo had a negative net margin of 16.12% and a negative return on equity of 11.22%. The business’s revenue was up 42.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.46) EPS. Analysts predict that Duolingo, Inc. will post -0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James lifted their target price on Duolingo from $109.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 1st. Evercore ISI upped their price target on Duolingo from $130.00 to $135.00 in a research report on Friday, November 11th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price objective on shares of Duolingo in a research note on Wednesday, March 1st. Bank of America dropped their price target on Duolingo from $130.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 11th. Finally, Piper Sandler upped their target price on Duolingo from $95.00 to $127.00 and gave the company an “overweight” rating in a report on Wednesday, March 1st. Two analysts have rated the stock with a hold rating and six 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 a consensus price target of $116.33.

Institutional Trading of Duolingo

Several hedge funds have recently made changes to their positions in DUOL. Credit Suisse AG raised its position in Duolingo by 6.2% in the 3rd quarter. Credit Suisse AG now owns 136,964 shares of the company’s stock worth $13,043,000 after purchasing an additional 8,018 shares during the period. Nordea Investment Management AB purchased a new stake in Duolingo in the 2nd quarter worth about $3,004,000. Quent Capital LLC raised its position in Duolingo by 33.3% in the 2nd quarter. Quent Capital LLC now owns 5,800 shares of the company’s stock worth $508,000 after purchasing an additional 1,450 shares during the period. Renaissance Capital LLC purchased a new stake in Duolingo in the 3rd quarter worth about $845,000. Finally, Mirabella Financial Services LLP purchased a new stake in Duolingo in the 3rd quarter worth about $583,000. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

About Duolingo

(Get Rating)

Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.