William Blair Predicts Duolingo’s Q4 Earnings (NASDAQ:DUOL)

Duolingo, Inc. (NASDAQ:DUOL) – Stock analysts at William Blair lifted their Q4 2024 EPS estimates for shares of Duolingo in a research note issued to investors on Wednesday, November 6th. William Blair analyst R. Schackart now forecasts that the company will post earnings of $0.45 per share for the quarter, up from their previous forecast of $0.37. The consensus estimate for Duolingo’s current full-year earnings is $2.02 per share. William Blair also issued estimates for Duolingo’s Q1 2025 earnings at $0.65 EPS, FY2025 earnings at $3.02 EPS and FY2026 earnings at $4.11 EPS.

A number of other analysts also recently commented on DUOL. Needham & Company LLC increased their price objective on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wolfe Research initiated coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Barclays increased their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

Duolingo Stock Down 1.2 %

DUOL stock opened at $314.33 on Monday. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 173.90 and a beta of 0.79. The company has a current ratio of 3.09, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo has a 12 month low of $145.05 and a 12 month high of $330.61. The firm has a 50-day moving average of $272.96 and a two-hundred day moving average of $222.38.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the 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 completion of the transaction, the insider now owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Duolingo 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 value of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares of the company’s stock, valued at $29,001,597.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Stephen C. Chen sold 19,464 shares of the firm’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 transaction of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at $7,522,294.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,374 shares of company stock valued at $15,802,382. Company insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC purchased a new position in Duolingo in the 2nd quarter valued at approximately $204,768,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Duolingo by 23.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after purchasing an additional 12,860 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 purchasing an additional 154,659 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after purchasing an additional 67,004 shares in the last quarter. Finally, State of Michigan Retirement System acquired a new stake in shares of Duolingo in the 2nd quarter valued at $1,857,000. Hedge funds and other institutional investors 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.