Stocks of Duolingo Inc (NASDAQ:DUOL) traded higher last session on Wall Street, up 0.87% to $323.14.
DUOL stock price is now -2.57% away from the 50-day moving average and 32.08% away from the 200-day moving average. The market capitalization of the company currently stands at $14.21B.
With the price target enhanced from $370 to $385, Needham maintained Buy rating for Duolingo Inc (NASDAQ: DUOL). On December 11, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $355 to quote $375, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, Hacker Severin, Chief Tech Officer, Co-Founder sold 10,000 shares of the company’s stock on Jan 06 ’25. The stock was sold for $3,362,318 at an average price of $336.23. Upon completion of the transaction, the Chief Tech Officer, Co-Founder now directly owns 72 shares in the company, valued at $23266.08. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Chief Financial Officer Skaruppa Matthew sold 5,000 shares of the business’s stock. A total of $1,622,408 was realized by selling the stock at an average price of $324.48. This leaves the insider owning 67,730 shares of the company worth $21.89 million. A total of 18.61% of the company’s stock is owned by insiders.
During the past 12 months, Duolingo Inc has had a low of $145.05 and a high of $378.48. As of last week, 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 fifty day moving average price for DUOL is $331.0451 and a two-hundred day moving average price translates $244.20438 for the stock.
The latest earnings results from Duolingo Inc (NASDAQ: DUOL) was released for 2024-09-30. The net profit margin was 12.59% and return on equity was 12.08% for DUOL. The company reported revenue of $192.59 million for the quarter, compared to $137.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.94 percent.
