Duolingo (NASDAQ:DUOL) General Counsel Stephen Chen Sells 8,072 Shares

Duolingo, Inc. (NASDAQ:DUOL) General Counsel Stephen Chen sold 8,072 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $149.33, for a total value of $1,205,391.76. Following the transaction, the general counsel owned 43,769 shares in the company, valued at $6,536,024.77. This trade represents a 15.57% 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.

Duolingo Stock Up 1.8%

Shares of Duolingo stock traded up $2.78 during trading on Tuesday, hitting $153.92. The company’s stock had a trading volume of 1,378,247 shares, compared to its average volume of 1,921,521. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $353.00. The company has a market capitalization of $7.20 billion, a PE ratio of 18.24, a P/E/G ratio of 1.18 and a beta of 0.89. The company has a fifty day simple moving average of $138.19 and a two-hundred day simple moving average of $118.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.72 and a current ratio of 2.72.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $295.58 million. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities research analysts predict that Duolingo, Inc. will post 2.62 earnings per share for the current year.

Hedge Funds Weigh In On Duolingo

Institutional investors and hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC lifted its stake in shares of Duolingo by 194.1% during the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after acquiring an additional 165 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 115 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Duolingo during the second quarter worth $34,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in shares of Duolingo by 42.9% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 500 shares of the company’s stock valued at $49,000 after purchasing an additional 150 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Duolingo in the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DUOL shares. Bank of America lowered shares of Duolingo from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $103.00 to $93.00 in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Duolingo in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Finally, UBS Group boosted their price target on shares of Duolingo from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $124.38.

About Duolingo

Duolingo, Inc develops digital learning products designed to make education accessible through mobile devices and the web. Its primary product is the Duolingo language-learning platform, which offers courses in numerous languages through interactive, game-like lessons, practice exercises and personalized learning features.

The company also provides the Duolingo English Test, an online English-proficiency assessment used by educational institutions and other organizations. In addition, Duolingo has expanded beyond language learning with products such as Duolingo Math and Duolingo Music, while offering premium subscription features through plans including Super Duolingo and Duolingo Max.

Duolingo serves users internationally, with its applications and online services available across a broad range of geographies.