Duolingo (NYSE:DUOL – Get Rating) had its price target reduced by Barclays from $102.00 to $83.00 in a report issued on Friday, The Fly reports. They currently have an equal weight rating on the stock.
Separately, JMP Securities reiterated a buy rating and issued a $128.00 price objective on shares of Duolingo in a research note on Monday, August 29th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Duolingo presently has an average rating of Moderate Buy and an average price target of $110.00.
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Duolingo Stock Performance
Shares of NYSE:DUOL traded down $11.32 during mid-day trading on Friday, reaching $73.43. The company had a trading volume of 1,093,474 shares, compared to its average volume of 356,241. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -45.61 and a beta of -0.15. The company's 50-day moving average price is $90.47 and its 200-day moving average price is $91.63. Duolingo has a one year low of $60.50 and a one year high of $155.27.
Insider Activity
In other news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $81.81, for a total transaction of $818,100.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at approximately $5,890.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through
the SEC website. In other news, CFO Matthew Skaruppa sold 14,000 shares of the business's stock in a transaction on Monday, October 17th. The shares were sold at an average price of $85.93, for a total transaction of $1,203,020.00. Following the completion of the transaction, the chief financial officer now directly owns 51,538 shares in the company, valued at approximately $4,428,660.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through
the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $81.81, for a total transaction of $818,100.00. Following the sale, the insider now directly owns 72 shares of the company's stock, valued at $5,890.32. The disclosure for this sale can be found
here. Insiders sold 39,267 shares of company stock worth $3,542,658 in the last three months. Corporate insiders own 22.12% of the company's stock.
Institutional Trading of Duolingo
A number of hedge funds have recently made changes to their positions in DUOL. Durable Capital Partners LP lifted its holdings in shares of Duolingo by 59.8% during the 1st quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company's stock worth $308,922,000 after acquiring an additional 1,215,144 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Duolingo by 605.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company's stock worth $98,596,000 after acquiring an additional 966,604 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Duolingo by 29.4% during the 2nd quarter. Baillie Gifford & Co. now owns 2,653,424 shares of the company's stock worth $232,308,000 after acquiring an additional 603,323 shares during the last quarter. Foxhaven Asset Management LP lifted its holdings in shares of Duolingo by 73.5% during the 1st quarter. Foxhaven Asset Management LP now owns 1,139,964 shares of the company's stock worth $108,422,000 after acquiring an additional 482,873 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Duolingo by 95.6% during the 1st quarter. BlackRock Inc. now owns 822,978 shares of the company's stock worth $78,275,000 after acquiring an additional 402,222 shares during the last quarter. 69.88% of the stock is owned by institutional investors.
Duolingo Company Profile
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Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.
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