Duolingo (NASDAQ:DUOL) Insider Robert Meese Sells 1,420 Shares

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 1,420 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the sale, the insider owned 170,745 shares of the company’s stock, valued at $19,150,759.20. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Duolingo Stock Performance

DUOL opened at $114.10 on Wednesday. The firm has a market cap of $5.32 billion, a P/E ratio of 13.13, a PEG ratio of 0.86 and a beta of 0.90. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $540.30. The company has a 50 day simple moving average of $101.15 and a two-hundred day simple moving average of $141.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62.

Duolingo (NASDAQ:DUOL) last posted its quarterly 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. The business had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company’s revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. Equities analysts forecast that Duolingo, Inc. will post 2.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial lowered shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Friday, February 27th. The Goldman Sachs Group reduced their price target on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Argus reissued a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Scotiabank restated a “sector perform” rating and issued a $100.00 price target (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. Finally, Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Duolingo currently has an average rating of “Hold” and a consensus target price of $195.94.

Hedge Funds Weigh In On Duolingo

Large investors have recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Duolingo by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after purchasing an additional 32 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Duolingo by 5.0% in the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after buying an additional 39 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Duolingo by 22.2% during the third 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 last quarter. Smithfield Trust Co increased its position in Duolingo by 35.4% during the third quarter. Smithfield Trust Co now owns 237 shares of the company’s stock worth $76,000 after purchasing an additional 62 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Duolingo by 0.6% during the third 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 last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.