Q4 Earnings Forecast for Duolingo Issued By Seaport Res Ptn

Duolingo, Inc. (NASDAQ:DUOL) – Seaport Res Ptn upped their Q4 2024 EPS estimates for Duolingo in a report released on Thursday, November 7th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will earn $0.59 per share for the quarter, up from their prior forecast of $0.55. 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 FY2025 earnings at $3.14 EPS.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s revenue was up 39.9% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC raised their price objective on Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America boosted their target price on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, DA Davidson raised their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus target price of $325.44.

Duolingo Stock Up 3.5 %

NASDAQ DUOL opened at $326.89 on Monday. The company has a current ratio of 3.28, 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 stock’s 50 day moving average is $270.84 and its 200 day moving average is $221.65. The stock has a market cap of $14.23 billion, a PE ratio of 178.63 and a beta of 0.79.

Institutional Trading of Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in DUOL. Dragoneer Investment Group LLC bought a new position in shares of Duolingo in the second quarter worth about $204,768,000. Teachers Retirement System of The State of Kentucky grew its stake in 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 worth $14,005,000 after acquiring an additional 12,860 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after acquiring an additional 154,659 shares during the period. Vanguard Group Inc. raised its stake in shares of Duolingo by 2.0% during 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 in the last quarter. Finally, State of Michigan Retirement System bought a new stake in shares of Duolingo during the second quarter valued at approximately $1,857,000. 91.59% of the stock is currently owned by institutional investors.

Insider Activity at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Matthew Skaruppa sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the completion of the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,432,288.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction 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 transaction, the general counsel now directly owns 35,558 shares in the company, valued at $7,522,294.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,374 shares of company stock worth $15,802,382. Company insiders own 18.30% of the company’s stock.

About Duolingo

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.