Duolingo (NASDAQ:DUOL) General Counsel Stephen Chen Sells 1,977 Shares

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 1,977 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.61, for a total value of $224,606.97. Following the transaction, the general counsel owned 52,807 shares in the company, valued at $5,999,403.27. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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.

Duolingo Stock Up 0.8%

DUOL stock opened at $114.10 on Wednesday. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $540.30. The business’s 50 day moving average price is $101.15 and its two-hundred day moving average price is $141.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.86 and a beta of 0.90.

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

Hedge Funds Weigh In On Duolingo

Several hedge funds and other institutional investors have recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Duolingo by 3.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after buying an additional 32 shares during the period. Evergreen Capital Management LLC raised its holdings in Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after purchasing an additional 39 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in Duolingo by 22.2% in the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 220 shares of the company’s stock worth $71,000 after purchasing an additional 40 shares during the period. Smithfield Trust Co raised its holdings in Duolingo by 35.4% in the 3rd quarter. Smithfield Trust Co now owns 237 shares of the company’s stock worth $76,000 after purchasing an additional 62 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Duolingo by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock worth $3,778,000 after purchasing an additional 73 shares during the period. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Scotiabank reiterated a “sector perform” rating and set a $100.00 target price (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. JPMorgan Chase & Co. lifted their price objective on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Citigroup reiterated a “neutral” rating and set a $101.00 price objective (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Truist Financial cut Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research note on Friday, February 27th. 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. According to data from MarketBeat, Duolingo has an average rating of “Hold” and a consensus target price of $195.94.

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.