Robert Meese Sells 5,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Robert Meese sold 5,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the insider now owns 147,053 shares of the company’s stock, valued at approximately $39,704,310. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Robert Meese also recently made the following trade(s):

• On Tuesday, September 17th, Robert Meese sold 4,819 shares of Duolingo stock. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38.

Duolingo Stock Up 0.7 %

DUOL stock traded up $1.93 during midday trading on Monday, hitting $270.27. The company’s stock had a trading volume of 513,113 shares, compared to its average volume of 731,185. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52-week low of $140.16 and a 52-week high of $270.94. The firm has a market capitalization of $11.65 billion, a P/E ratio of 276.64 and a beta of 0.76. The firm has a 50-day simple moving average of $198.82 and a 200-day simple moving average of $203.96.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. During the same quarter last year, the company posted $0.08 EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. As a group, equities analysts forecast that Duolingo, Inc. will post 1.87 EPS for the current year.

Institutional Investors Weigh In On Duolingo

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in shares of Duolingo in the 2nd quarter valued at $31,000. Blue Trust Inc. acquired a new stake in Duolingo during the 2nd quarter worth $32,000. GAMMA Investing LLC raised its stake in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo during the 2nd quarter worth $36,000. Finally, Fifth Third Bancorp acquired a new stake in Duolingo during the 2nd quarter worth $40,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUOL has been the subject of several analyst reports. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Needham & Company LLC dropped their price target on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wolfe Research initiated coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. dropped their price target on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $260.00 price target on shares of Duolingo in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $237.40.

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.