Duolingo (NASDAQ:DUOL) Shares Gap Down on Analyst Downgrade

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report)'s stock price gapped down before the market opened on Thursday after Barclays lowered their price target on the stock from $243.00 to $230.00. The stock had previously closed at $244.64, but opened at $201.00. Barclays currently has an equal weight rating on the stock. Duolingo shares last traded at $196.18, with a volume of 671,601 shares trading hands.

Several other equities research analysts have also issued reports on DUOL. The Goldman Sachs Group increased their target price on shares of Duolingo from $160.00 to $190.00 and gave the stock a "sell" rating in a report on Thursday, February 29th. Seaport Res Ptn reissued a "buy" rating on shares of Duolingo in a report on Tuesday, February 27th. Bank of America boosted their price target on shares of Duolingo from $230.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. 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 research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. began coverage on shares of Duolingo in a report on Monday, March 11th. They issued an "overweight" rating and a $270.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $246.75.

Insider Buying and Selling

In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the company's stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $380,000.00. Following the transaction, the general counsel now directly owns 35,033 shares in the company, valued at $6,656,270. The disclosure for this sale can be found here. In the last three months, insiders sold 125,223 shares of company stock valued at $27,273,230. Insiders own 19.85% of the company's stock.

Institutional Trading of Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Discovery Value Fund purchased a new position in Duolingo during the 4th quarter valued at about $27,000. Bamco Inc. NY bought a new position in shares of Duolingo in the 3rd quarter worth $39,000. FSC Wealth Advisors LLC bought a new position in shares of Duolingo in the 4th quarter worth $39,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Duolingo during the fourth quarter valued at about $73,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Duolingo in the 4th quarter valued at about $92,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Performance

The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. The stock has a market cap of $8.60 billion, a PE ratio of 587.02 and a beta of 0.82. The business's 50-day moving average price is $221.21 and its 200-day moving average price is $207.17.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.27. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The business had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The business's revenue for the quarter was up 44.9% on a year-over-year basis. As a group, equities research analysts expect that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

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.