Duolingo (NASDAQ:DUOL) Trading Down 2.1%

Duolingo, Inc. (NASDAQ:DUOL)’s share price traded down 2.1% on Tuesday . The stock traded as low as $221.33 and last traded at $221.74. 62,920 shares were traded during mid-day trading, a decline of 91% from the average session volume of 672,654 shares. The stock had previously closed at $226.50.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several research analyst reports. Bank of America lifted their price objective on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. UBS Group raised their target price on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. JPMorgan Chase & Co. initiated coverage on shares of Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price target on the stock. Finally, Piper Sandler lifted their price objective on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $235.11.

Duolingo Price Performance

The firm has a market capitalization of $9.54 billion, a P/E ratio of 654.58 and a beta of 0.87. The firm’s 50 day simple moving average is $201.73 and its two-hundred day simple moving average is $195.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The firm had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. As a group, analysts predict that Duolingo, Inc. will post 1.38 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total value of $2,833,424.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $214.24, for a total transaction of $1,713,920.00. Following the sale, the chief financial officer now owns 65,224 shares of the company’s stock, valued at approximately $13,973,589.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ahn Luis Von sold 13,600 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The disclosure for this sale can be found here. Insiders sold 161,223 shares of company stock valued at $33,536,955 in the last quarter. Company insiders own 19.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp bought a new stake in Duolingo during the fourth quarter worth about $1,411,000. Wellington Management Group LLP grew its stake in shares of Duolingo by 147.6% in the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after buying an additional 358,938 shares during the last quarter. Acadian Asset Management LLC increased its position in Duolingo by 4.9% during the 3rd quarter. Acadian Asset Management LLC now owns 366,526 shares of the company’s stock valued at $60,775,000 after buying an additional 17,097 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Duolingo by 4.1% during the third quarter. Qube Research & Technologies Ltd now owns 10,906 shares of the company’s stock valued at $1,809,000 after buying an additional 426 shares during the last quarter. Finally, FMR LLC raised its stake in Duolingo by 37.9% during the third quarter. FMR LLC now owns 1,019,641 shares of the company’s stock valued at $169,128,000 after buying an additional 280,051 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.