Duolingo (DUOL) Expected to Announce Quarterly Earnings on Thursday

Duolingo (NASDAQ:DUOL) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Duolingo to post earnings of $0.50 per share and revenue of $205.49 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Duolingo Trading Down 1.0 %

DUOL stock opened at $385.81 on Wednesday. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 210.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo has a 1-year low of $145.05 and a 1-year high of $441.77. The business has a 50 day simple moving average of $358.42 and a two-hundred day simple moving average of $308.22.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DUOL. Needham & Company LLC lifted their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Scotiabank assumed coverage on Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Finally, Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $355.55.

Insider Activity

In other news, CFO Matthew Skaruppa sold 3,284 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the completion of the sale, the chief financial officer now directly owns 59,982 shares of the company’s stock, valued at approximately $26,108,964.96. The trade was a 5.19 % 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 link. Also, insider Natalie Glance sold 2,667 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now directly owns 129,572 shares in the company, valued at $56,400,100.16. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,639 shares of company stock valued at $105,445,057. 18.30% of the stock is currently owned by insiders.

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.