By otakuyassine3@gmail.com 
Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $336.82, for a total value of $3,368,200.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,251.04. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Severin Hacker also recently made the following trade(s):
- On Wednesday, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54.
Duolingo Stock Up 2.1 %
DUOL stock traded up $6.90 during trading on Friday, hitting $342.12. 1,237,494 shares of the stock traded hands, compared to its average volume of 689,345. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of 186.95 and a beta of 0.85. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48. The firm’s 50 day moving average is $321.84 and its two-hundred day moving average is $249.57.
Duolingo (NASDAQ:DUOL – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Needham & Company LLC lifted their target price on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays raised their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $353.90.
Read Our Latest Stock Report on Duolingo
Hedge Funds Weigh In On Duolingo
Hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new position in shares of Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC purchased a new stake in Duolingo during the 2nd quarter valued at $31,000. Blue Trust Inc. bought a new position in shares of Duolingo during the 2nd quarter valued at $32,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo in the 2nd quarter worth $36,000. Institutional investors 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.
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