Duolingo (NASDAQ:DUOL) Trading Up 7%

Duolingo, Inc. (NASDAQ:DUOL)’s stock price rose 7% during mid-day trading on Tuesday . The stock traded as high as $221.34 and last traded at $219.98. Approximately 356,288 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 724,833 shares. The stock had previously closed at $205.57.

Analyst Upgrades and Downgrades

DUOL has been the subject of several analyst reports. Bank of America upped their target price on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Needham & Company LLC upped their target price on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Barclays upped their target price on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group increased their target price on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duolingo currently has a consensus rating of “Hold” and an average target price of $245.13.

Duolingo Stock Up 7.1 %

The firm has a 50 day simple moving average of $210.22 and a two-hundred day simple moving average of $202.08. The company has a market capitalization of $9.44 billion, a PE ratio of 645.43 and a beta of 0.84. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03.

Duolingo (NASDAQ:DUOL) last announced its earnings results 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 company had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. Research analysts expect that Duolingo, Inc. will post 1.38 EPS for the current year.

Insider Activity

In other news, General Counsel Stephen C. Chen sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $190.00, for a total value of $380,000.00. Following the completion of the sale, the general counsel now directly owns 35,033 shares of the company’s stock, valued at approximately $6,656,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $12,860.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 2,000 shares of Duolingo stock in a transaction on Friday, February 9th. The stock was sold at an average price of $190.00, for a total value of $380,000.00. Following the transaction, the general counsel now directly owns 35,033 shares of the company’s stock, valued at $6,656,270. The disclosure for this sale can be found here. Insiders sold 113,223 shares of company stock valued at $23,682,665 in the last three months. 19.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp acquired a new position in Duolingo during the fourth quarter worth $1,411,000. Raymond James & Associates acquired a new position in shares of Duolingo in the fourth quarter worth $4,211,000. Cerity Partners LLC raised its holdings in shares of Duolingo by 2,767.0% in the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock worth $10,614,000 after acquiring an additional 45,157 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after acquiring an additional 358,938 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Duolingo in the fourth quarter worth $4,374,000. 91.59% of the stock is owned by institutional investors and hedge funds.

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.