FY2024 EPS Estimates for Duolingo Lifted by Seaport Res Ptn

Duolingo, Inc. (NASDAQ:DUOL) – Seaport Res Ptn boosted their FY2024 earnings per share (EPS) estimates for Duolingo in a research note issued on Thursday, November 7th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will post earnings of $2.11 per share for the year, up from their prior estimate of $2.02. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for Duolingo’s current full-year earnings is $1.87 per share. Seaport Res Ptn also issued estimates for Duolingo’s Q1 2025 earnings at $0.70 EPS, Q2 2025 earnings at $0.73 EPS, Q3 2025 earnings at $0.79 EPS and Q4 2025 earnings at $0.93 EPS.

Several other research firms have also recently issued reports on DUOL. Bank of America upped their price objective on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. DA Davidson upped their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group increased their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, UBS Group upped their price target on shares of Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, six have given 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 an average target price of $325.44.

Duolingo Stock Performance

NASDAQ:DUOL opened at $326.89 on Friday. Duolingo has a 12 month low of $145.05 and a 12 month high of $330.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The firm has a market capitalization of $14.23 billion, a PE ratio of 178.63 and a beta of 0.79. The business’s fifty day moving average price is $270.84 and its 200 day moving average price is $221.61.

Duolingo (NASDAQ:DUOL) last posted 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 business posted $0.06 EPS. The firm’s revenue was up 39.9% on a year-over-year basis.

Institutional Trading of Duolingo

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after acquiring an additional 67,004 shares during the last quarter. Whale Rock Capital Management LLC raised its holdings in shares of Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after purchasing an additional 245,599 shares during the period. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo in the 2nd quarter valued at about $204,768,000. American Century Companies Inc. lifted its stake in shares of Duolingo by 25.1% in the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock valued at $104,117,000 after purchasing an additional 100,167 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Duolingo by 153.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after purchasing an additional 238,990 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 139,760 shares in the company, valued at approximately $29,001,597.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Stephen C. Chen sold 19,464 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now directly owns 35,558 shares in the company, valued at approximately $7,522,294.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the transaction, the insider now directly owns 139,760 shares in the company, valued at approximately $29,001,597.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,374 shares of company stock valued at $15,802,382 over the last 90 days. Insiders own 18.30% 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.