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

Duolingo, Inc. (NASDAQ:DUOL) Director Gillian Munson sold 5,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $310.00, for a total value of $1,550,000.00. Following the completion of the transaction, the director now directly owns 3,530 shares in the company, valued at approximately $1,094,300. This represents a 58.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Duolingo Trading Up 1.0 %

Duolingo stock traded up $3.13 during trading hours on Friday, hitting $309.30. The stock had a trading volume of 868,382 shares, compared to its average volume of 700,670. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 169.02 and a beta of 0.92. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The business’s 50 day simple moving average is $347.77 and its 200-day simple moving average is $318.22.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data 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). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. On average, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC bought a new position in shares of Duolingo during the third quarter worth about $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the third quarter worth about $29,000. Quarry LP raised its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after acquiring an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the fourth quarter worth about $31,000. Finally, Harvest Fund Management Co. Ltd grew its stake in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DUOL has been the topic of a number of research reports. Bank of America lowered 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 report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a report on Tuesday. Finally, Scotiabank initiated coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and an average target price of $376.25.

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.