Matthew Skaruppa Sells 432 Shares of Duolingo, Inc. (NYSE:DUOL) Stock

Duolingo, Inc. (NYSE:DUOLGet Rating) CFO Matthew Skaruppa sold 432 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $90.97, for a total transaction of $39,299.04. Following the sale, the chief financial officer now directly owns 56,391 shares of the company’s stock, valued at approximately $5,129,889.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NYSE:DUOL opened at $79.37 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.20 and a current ratio of 4.72. The stock’s 50 day moving average price is $87.38 and its two-hundred day moving average price is $99.91. Duolingo, Inc. has a 12-month low of $60.50 and a 12-month high of $204.99.

Duolingo (NYSE:DUOLGet Rating) last announced its earnings results on Thursday, May 12th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.26. The company had revenue of $81.22 million for the quarter, compared to analyst estimates of $77.56 million. Duolingo had a negative return on equity of 16.22% and a negative net margin of 21.26%. The firm’s quarterly revenue was up 46.7% compared to the same quarter last year. During the same quarter last year, the company earned ($1.04) earnings per share. Equities analysts predict that Duolingo, Inc. will post -1.73 EPS for the current fiscal year.

DUOL has been the topic of a number of research analyst reports. Bank of America lowered their price target on Duolingo from $165.00 to $135.00 in a report on Friday, May 13th. Zacks Investment Research raised Duolingo from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. KeyCorp raised Duolingo from a “sector weight” rating to an “overweight” rating and set a $112.00 price objective on the stock in a report on Monday, March 21st. Piper Sandler cut their price objective on Duolingo from $137.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, March 4th. Finally, Evercore ISI cut their price objective on Duolingo from $195.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 4th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $128.78.

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley acquired a new stake in shares of Duolingo in the 3rd quarter valued at about $147,150,000. Nordea Investment Management AB purchased a new stake in shares of Duolingo in the 4th quarter valued at about $4,113,000. Swiss National Bank purchased a new position in shares of Duolingo during the 4th quarter valued at about $1,496,000. Temasek Holdings Private Ltd purchased a new position in Duolingo in the 3rd quarter worth approximately $49,908,000. Finally, Zenyatta Capital Management LP bought a new stake in shares of Duolingo in the 4th quarter worth approximately $2,228,000. Institutional investors own 40.17% of the company’s stock.

About Duolingo (Get Rating)

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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