Duolingo, Inc. (NASDAQ:DUOL) Director Gillian Munson Sells 5,000 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) Director Gillian Munson sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the completion of the transaction, the director now directly owns 3,530 shares of the company’s stock, valued at $1,094,300. The trade was a 58.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Duolingo Stock Up 1.0 %

DUOL opened at $309.30 on Friday. The firm has a 50 day moving average price of $347.58 and a 200 day moving average price of $318.89. The company has a market cap of $13.99 billion, a PE ratio of 169.02 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on DUOL. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a research note on Tuesday. Finally, Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and an average price target of $376.25.

Institutional Trading of Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC purchased a new position in Duolingo in the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. purchased a new position in Duolingo in the 3rd quarter worth approximately $29,000. Quarry LP boosted its holdings in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo in the 4th quarter worth approximately $31,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

About Duolingo

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.