Duolingo, Inc. (NASDAQ:DUOL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $270.56.

A number of analysts have issued reports on the company. Barclays decreased their price target on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Bank of America lifted their price target on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price target on Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Evercore ISI raised Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Finally, UBS Group boosted their target price on Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday, October 8th.

Duolingo Trading Up 0.8 %

Shares of NASDAQ DUOL opened at $290.59 on Wednesday. Duolingo has a twelve month low of $140.16 and a twelve month high of $297.56. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $236.38 and a 200-day simple moving average of $211.05. The stock has a market capitalization of $12.53 billion, a PE ratio of 299.58 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 40.6% on a year-over-year basis. On average, equities analysts forecast that Duolingo will post 1.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the sale, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the sale, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the sale, the chief financial officer now owns 95,731 shares in the company, valued at approximately $15,939,211.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,374 shares of company stock worth $18,571,912. Company insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

A number of institutional investors have recently modified their holdings of DUOL. Dragoneer Investment Group LLC acquired a new position in Duolingo in the 2nd quarter valued at $204,768,000. Whale Rock Capital Management LLC raised its holdings in Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after acquiring an additional 245,599 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after acquiring an additional 238,990 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Duolingo by 73.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after acquiring an additional 154,659 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new position in Duolingo in the 1st quarter valued at $28,555,000. Institutional investors and hedge funds 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.