Duolingo (NASDAQ:DUOL) Shares Gap Up to $194.66

Duolingo, Inc. (NASDAQ:DUOL)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $194.66, but opened at $208.88. Duolingo shares last traded at $209.31, with a volume of 272,697 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on DUOL shares. Piper Sandler boosted their target price on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Barclays boosted their target price on shares of Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. Bank of America lifted their price objective on shares of Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. UBS Group lifted their price objective on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Duolingo has an average rating of “Hold” and an average price target of $245.13.

Duolingo Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The firm’s 50 day moving average is $209.90 and its 200-day moving average is $201.22. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 588.69 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The firm had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. Analysts forecast that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $235.18, for a total value of $1,881,440.00. Following the completion of the transaction, the chief financial officer now directly owns 64,523 shares in the company, valued at approximately $15,174,519.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Ahn Luis Von sold 13,600 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total value of $2,833,424.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $235.18, for a total transaction of $1,881,440.00. Following the completion of the sale, the chief financial officer now directly owns 64,523 shares of the company’s stock, valued at approximately $15,174,519.14. The disclosure for this sale can be found here. Insiders sold a total of 113,223 shares of company stock worth $23,682,665 in the last three months. Company insiders own 19.85% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Discovery Value Fund purchased a new stake in Duolingo in the 4th quarter worth $27,000. Bamco Inc. NY purchased a new stake in shares of Duolingo during the third quarter worth $39,000. FSC Wealth Advisors LLC purchased a new stake in shares of Duolingo during the fourth quarter worth $39,000. Captrust Financial Advisors grew its holdings in shares of Duolingo by 620.8% during the first quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock worth $53,000 after buying an additional 478 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Duolingo during the fourth quarter worth $58,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

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.