Duolingo (NASDAQ:DUOL) Trading Down 5.6% – Here’s What Happened

by · The Markets Daily

Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) was down 5.6% during trading on Wednesday . The stock traded as low as $198.50 and last traded at $197.4570. Approximately 629,589 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,311,955 shares. The stock had previously closed at $209.08.

Analyst Ratings Changes

Several equities research analysts have weighed in on DUOL shares. Robert W. Baird initiated coverage on shares of Duolingo in a research report on Friday, September 5th. They set a “neutral” rating and a $280.00 price target for the company. Citigroup cut shares of Duolingo from a “buy” rating to a “market perform” rating in a research report on Thursday, November 6th. Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Scotiabank cut their target price on Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Needham & Company LLC lowered their price target on Duolingo from $460.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $329.44.

Read Our Latest Report on Duolingo

Duolingo Stock Down 2.3%

The company’s fifty day simple moving average is $245.42 and its 200 day simple moving average is $329.67. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $9.07 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86.

Duolingo (NASDAQ:DUOL – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $5.23. The firm had revenue of $271.71 million for the quarter, compared to the consensus estimate of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The business’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,283 shares of Duolingo stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Skaruppa sold 3,059 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the completion of the transaction, the chief financial officer owned 37,487 shares in the company, valued at approximately $6,588,715.12. This represents a 7.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 76,452 shares of company stock valued at $18,736,132 in the last quarter. 15.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after acquiring an additional 116,135 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Duolingo by 28.6% during the third quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock valued at $910,110,000 after purchasing an additional 628,943 shares in the last quarter. Dragoneer Investment Group LLC boosted its position in shares of Duolingo by 324.4% during the third quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock valued at $508,760,000 after buying an additional 1,208,346 shares during the last quarter. State Street Corp boosted its position in shares of Duolingo by 0.5% during the second quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after buying an additional 6,109 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Duolingo by 110.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock worth $307,716,000 after buying an additional 520,069 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

(Get Free Report)

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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