Duolingo Inc (NYSE:DUOL)’s share price reached a new 52-week low on Friday after Piper Sandler lowered their price target on the stock from $182.00 to $137.00. Piper Sandler currently has an overweight rating on the stock. Duolingo traded as low as $90.43 and last traded at $91.83, with a volume of 471247 shares changing hands. The stock had previously closed at $103.02.
Several other brokerages have also recently commented on DUOL. Zacks Investment Research cut shares of Duolingo from a “buy” rating to a “hold” rating in a report on Monday, November 15th. Barclays increased their price target on shares of Duolingo from $125.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 11th. Evercore ISI upgraded shares of Duolingo from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $140.00 to $195.00 in a research report on Thursday, November 11th. Finally, JMP Securities increased their price target on shares of Duolingo from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 3rd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $161.00.
In related news, CEO Ahn Luis Von sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 16th. The shares were sold at an average price of $105.04, for a total transaction of $1,260,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 17,840 shares of the business’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $143.28, for a total transaction of $2,556,115.20. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 153,589 shares of company stock valued at $15,683,912 and sold 165,758 shares valued at $23,353,635.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. bought a new stake in Duolingo during the 3rd quarter worth approximately $210,522,000. River & Mercantile Asset Management LLP bought a new stake in Duolingo during the 3rd quarter worth approximately $167,000. KPCB DGF Associates LLC bought a new stake in Duolingo during the 3rd quarter worth approximately $430,353,000. Davy Global Fund Management Ltd bought a new stake in Duolingo during the 3rd quarter worth approximately $966,000. Finally, Insight Holdings Group LLC bought a new stake in Duolingo during the 3rd quarter worth approximately $333,000. Hedge funds and other institutional investors own 31.63% of the company’s stock.
The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.05 and a current ratio of 6.05. The stock has a 50 day moving average of $115.81.
Duolingo (NYSE:DUOL) last released its quarterly earnings results on Wednesday, November 10th. The company reported ($0.98) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.92) by ($0.06). Duolingo had a negative return on equity of 88.94% and a negative net margin of 23.46%. The company had revenue of $63.60 million during the quarter, compared to analysts’ expectations of $60.00 million. Analysts anticipate that Duolingo Inc will post -2.34 earnings per share for the current year.
Duolingo Company Profile (NYSE:DUOL)
Duolingo Inc provides mobile language learning platform. Duolingo Inc is based in PITTSBURGH.