Duolingo (NASDAQ:DUOL) Insider Sells $159,267.20 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $159,267.20. Following the transaction, the insider owned 170,745 shares in the company, valued at $19,150,759.20. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Stock Up 0.8%

Shares of NASDAQ:DUOL traded up $0.86 during trading on Tuesday, hitting $114.10. 1,806,600 shares of the company’s stock traded hands, compared to its average volume of 2,449,816. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $540.30. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.90. The company has a 50-day moving average price of $100.90 and a 200-day moving average price of $142.73.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on DUOL. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price objective on shares of Duolingo in a report on Tuesday, May 5th. DA Davidson lifted their price objective on Duolingo from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Scotiabank reiterated a “sector perform” rating and set a $100.00 price objective (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. The Goldman Sachs Group cut their price objective on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, Evercore set a $97.00 target price on Duolingo in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Duolingo presently has a consensus rating of “Hold” and a consensus target price of $195.94.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC lifted 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 acquiring an additional 165 shares in the last quarter. EFG International AG bought a new stake in Duolingo in the 4th quarter valued at approximately $26,000. Atlantic Union Bankshares Corp bought a new stake in Duolingo in the 3rd quarter valued at approximately $32,000. AlphaCentric Advisors LLC bought a new stake in Duolingo in the 4th quarter valued at approximately $33,000. Finally, Banque Cantonale Vaudoise lifted its stake 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 acquiring an additional 115 shares in the last quarter. 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.