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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $325.44.

DUOL has been the topic of a number of analyst reports. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Wolfe Research initiated coverage on Duolingo in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Piper Sandler upped their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now directly owns 35,558 shares in the company, valued at $7,522,294.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company’s stock, valued at $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Mount Lucas Management LP lifted its holdings in shares of Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after acquiring an additional 32 shares during the last quarter. CIBC Asset Management Inc raised its position in Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after purchasing an additional 32 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in Duolingo by 5.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after buying an additional 55 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after purchasing an additional 73 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Up 3.5 %

Shares of DUOL opened at $326.89 on Friday. The stock’s fifty day simple moving average is $270.84 and its 200-day simple moving average is $221.61. The firm has a market capitalization of $14.23 billion, a PE ratio of 178.63 and a beta of 0.79. Duolingo has a 12-month low of $145.05 and a 12-month high of $330.61. 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 (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.36 by $0.13. Duolingo had a net margin of 12.59% and a return on equity of 12.20%. The company had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the previous year, the company earned $0.06 EPS. Duolingo’s revenue was up 39.9% on a year-over-year basis. As a group, research analysts predict that Duolingo will post 1.87 earnings per share for the current year.

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.