Duolingo’s (DUOL) Buy Rating Reiterated at DA Davidson

Duolingo (NASDAQ:DUOL)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They currently have a $250.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 12.02% from the company’s previous close.

DUOL has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price target on Duolingo from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. JMP Securities reissued a “market outperform” rating and set a $260.00 target price on shares of Duolingo in a research note on Wednesday, July 10th. Barclays dropped their target price on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Wolfe Research assumed coverage on shares of Duolingo in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $271.00 price objective on shares of Duolingo in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus price target of $237.40.

Duolingo Stock Up 2.8 %

DUOL stock opened at $223.18 on Tuesday. The company has a market cap of $9.62 billion, a PE ratio of 230.08 and a beta of 0.75. 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 has a 52 week low of $140.16 and a 52 week high of $251.30. The business has a 50-day simple moving average of $191.31 and a 200 day simple moving average of $202.39.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. Sell-side analysts anticipate that Duolingo will post 1.87 EPS for the current fiscal year.

Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the sale, the insider now directly owns 139,760 shares in the company, valued at $29,001,597.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ahn Luis Von sold 1,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $215.00, for a total transaction of $215,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,555 shares of company stock worth $18,302,871. Company insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

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

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.