Key Points
- Duolingo’s general counsel sold 8,072 shares at an average price of $149.33, generating approximately $1.21 million. The Rule 10b5-1 transaction reduced Stephen Chen’s holdings by 15.57% to 43,769 shares.
- Duolingo reported quarterly EPS of $0.66, exceeding estimates of $0.60, while revenue reached $298.45 million, up 18.3% year over year and slightly above expectations.
- Analysts maintain a consensus “Hold” rating with an average price target of $124.38, despite substantial institutional ownership of 91.59% and recent buying by several large investors.
Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) General Counsel Stephen Chen sold 8,072 shares of the company's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $149.33, for a total transaction of $1,205,391.76. Following the completion of the transaction, the general counsel owned 43,769 shares of the company's stock, valued at $6,536,024.77. This represents a 15.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Duolingo Stock Performance
Shares of DUOL stock opened at $153.92 on Wednesday. The stock's 50-day moving average is $138.63 and its two-hundred day moving average is $118.70. 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, Inc. has a 1 year low of $87.89 and a 1 year high of $353.00. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.24 and a beta of 0.89.
Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. The business had revenue of $298.45 million during the quarter, compared to the consensus estimate of $295.58 million. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The business's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. Analysts predict that Duolingo, Inc. will post 2.62 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on DUOL shares. Jefferies Financial Group increased their price objective on Duolingo from $95.00 to $125.00 and gave the company a "hold" rating in a report on Tuesday, July 14th. Craig Hallum lowered shares of Duolingo to a "hold" rating in a research report on Tuesday, August 18th. Bank of America cut shares of Duolingo from a "neutral" rating to an "underperform" rating and cut their target price for the company from $103.00 to $93.00 in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Duolingo from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Finally, Barclays increased their price target on shares of Duolingo from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of "Hold" and an average target price of $124.38.
View Our Latest Research Report on Duolingo
Institutional Investors Weigh In On Duolingo
Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors boosted its holdings in Duolingo by 0.5% during the fourth quarter. Capital World Investors now owns 2,241,378 shares of the company's stock worth $393,362,000 after buying an additional 11,140 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Duolingo by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 811,809 shares of the company's stock valued at $142,501,000 after acquiring an additional 19,698 shares during the period. Bank of America Corp DE lifted its position in shares of Duolingo by 511.2% during the 1st quarter. Bank of America Corp DE now owns 1,332,301 shares of the company's stock valued at $131,325,000 after acquiring an additional 1,114,315 shares during the period. State of Michigan Retirement System boosted its stake in shares of Duolingo by 112.9% during the 1st quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company's stock worth $117,624,000 after acquiring an additional 632,807 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Duolingo during the 4th quarter worth approximately $86,159,000. Institutional investors and hedge funds own 91.59% of the company's stock.
About Duolingo
(
Get Free Report)
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.
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