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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $353.90.

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Barclays upped their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Scotiabank started coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock.

Insider Activity

In other news, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 245,160 shares of company stock valued at $83,163,216 over the last three months. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

Several hedge funds have recently made changes to their positions in DUOL. Lord Abbett & CO. LLC boosted its position in Duolingo by 63.6% during the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after purchasing an additional 76,875 shares during the period. Tidal Investments LLC boosted its holdings in Duolingo by 8.0% in the 3rd quarter. Tidal Investments LLC now owns 1,561 shares of the company’s stock worth $440,000 after buying an additional 115 shares during the period. Sanctuary Advisors LLC purchased a new position in Duolingo in the 3rd quarter valued at approximately $199,000. Geode Capital Management LLC raised its holdings in Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after acquiring an additional 16,481 shares during the period. Finally, Barclays PLC lifted its position in shares of Duolingo by 90.9% during the third quarter. Barclays PLC now owns 42,613 shares of the company’s stock worth $12,018,000 after acquiring an additional 20,289 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Down 2.5 %

Duolingo stock opened at $333.34 on Monday. The company has a market capitalization of $14.66 billion, a PE ratio of 182.15 and a beta of 0.85. Duolingo has a 12-month low of $145.05 and a 12-month high of $378.48. The firm’s fifty day moving average is $327.98 and its 200 day moving average is $256.40. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, sell-side analysts predict that Duolingo will post 2.02 EPS for the current fiscal 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.