Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) shares were up 7% during trading on Tuesday . The stock traded as high as $221.34 and last traded at $219.98. Approximately 356,288 shares traded hands during trading, a decline of 51% from the average daily volume of 724,833 shares. The stock had previously closed at $205.57.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. JPMorgan Chase & Co. started coverage on Duolingo in a research note on Monday, March 11th. They issued an "overweight" rating and a $270.00 price objective on the stock. Seaport Res Ptn reiterated a "buy" rating on shares of Duolingo in a research report on Tuesday, February 27th. Needham & Company LLC lifted their target price on Duolingo from $210.00 to $241.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Bank of America lifted their target price on Duolingo from $230.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. Finally, Piper Sandler lifted their target price on Duolingo from $217.00 to $282.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of "Hold" and an average target price of $245.13.
View Our Latest Stock Report on Duolingo
Duolingo Price Performance
The stock has a fifty day simple moving average of $210.97 and a two-hundred day simple moving average of $202.48. The company has a market cap of $9.46 billion, a PE ratio of 648.64 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $146.98 million. On average, equities analysts predict that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.
Insider Transactions at Duolingo
In other news, CEO Ahn Luis Von sold 13,600 shares of the business'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 transaction of $2,833,424.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred 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 in the company, valued at approximately $12,860.64. 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 Duolingo 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 have sold 113,223 shares of company stock valued at $23,682,665 in the last quarter. 19.85% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DUOL. Discovery Value Fund acquired a new position in shares of Duolingo during the 4th quarter worth approximately $27,000. Bamco Inc. NY acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $39,000. FSC Wealth Advisors LLC acquired a new position in shares of Duolingo during the 4th quarter worth approximately $39,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Duolingo in the 4th quarter valued at $73,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Duolingo in the 4th quarter valued at $92,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.
About Duolingo
(
Get Free Report)
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.
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