Severin Hacker Sells 188,901 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 188,901 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $24,446.88. This represents a 99.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Duolingo Trading Down 0.4 %

Shares of DUOL stock opened at $338.07 on Friday. The business has a 50-day moving average price of $317.36 and a two-hundred day moving average price of $245.80. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48. 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 firm has a market cap of $14.87 billion, a P/E ratio of 184.74 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. Equities analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its stake in Duolingo by 109.2% in the second quarter. SG Americas Securities LLC now owns 7,615 shares of the company’s stock worth $1,589,000 after purchasing an additional 3,975 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Duolingo in the 2nd quarter valued at about $32,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Duolingo by 13.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,499 shares of the company’s stock valued at $730,000 after acquiring an additional 408 shares during the period. Nisa Investment Advisors LLC grew its position in Duolingo by 19.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock worth $109,000 after acquiring an additional 85 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in Duolingo in the 2nd quarter worth approximately $240,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

DUOL has been the subject of several research reports. UBS Group increased their price objective on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. DA Davidson lifted their target price on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC increased their price target on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Scotiabank started 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. Finally, JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $352.40.

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.