Duolingo (NASDAQ:DUOL) Trading Down 3.1% – Time to Sell?

Duolingo, Inc. (NASDAQ:DUOL) fell 3.1% on Friday . The stock traded as low as $324.83 and last traded at $324.83. 34,817 shares changed hands during trading, a decline of 95% from the average session volume of 684,435 shares. The stock had previously closed at $335.22.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DUOL shares. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. UBS Group upped their price objective on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC raised their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and an average price target of $353.90.

Duolingo Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 186.86 and a beta of 0.85. The business’s fifty day simple moving average is $321.84 and its 200 day simple moving average is $249.57.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue was up 39.9% compared to the same quarter last year. On average, research analysts forecast that Duolingo, Inc. will post 2.02 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, the insider now directly owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 240,160 shares of company stock worth $81,220,216. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently made changes to their positions in the business. True Wealth Design LLC purchased a new stake in Duolingo during the third quarter worth about $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo in the 3rd quarter worth approximately $29,000. Farther Finance Advisors LLC lifted its stake in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Blue Trust Inc. bought a new position in Duolingo during the second quarter valued at $32,000. Finally, Larson Financial Group LLC purchased a new stake in Duolingo in the second quarter worth $31,000. 91.59% of the stock is currently owned by institutional investors.

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.