Duolingo’s (DUOL) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Duolingo (NASDAQ:DUOL) in a report published on Tuesday morning, Benzinga reports. The firm currently has a $250.00 price objective on the stock.

A number of other research analysts have also recently commented on DUOL. Piper Sandler restated an overweight rating and issued a $271.00 price target on shares of Duolingo in a research note on Friday, August 30th. Bank of America upgraded shares of Duolingo from a neutral rating to a buy rating and set a $245.00 target price for the company in a research report on Friday, July 26th. Wolfe Research began coverage on shares of Duolingo in a research note on Tuesday, July 16th. They set a peer perform rating for the company. Needham & Company LLC decreased their price target on shares of Duolingo from $267.00 to $245.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Finally, Evercore ISI upgraded Duolingo to a strong-buy rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $237.40.

Duolingo Stock Up 2.6 %

Shares of DUOL stock opened at $228.96 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. Duolingo has a one year low of $140.16 and a one year high of $251.30. The company’s fifty day moving average price is $192.02 and its 200-day moving average price is $202.58. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 236.04 and a beta of 0.75.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. Sell-side analysts expect that Duolingo will post 1.87 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $198.59, for a total transaction of $1,588,720.00. Following the transaction, the chief financial officer now owns 95,731 shares of the company’s stock, valued at approximately $19,011,219.29. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ahn Luis Von sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,555 shares of company stock worth $18,302,871. 18.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Truist Financial Corp bought a new position in Duolingo during the 4th quarter valued at about $377,000. Victory Capital Management Inc. raised its holdings in shares of Duolingo by 24.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,653 shares of the company’s stock worth $1,056,000 after buying an additional 921 shares during the period. 9258 Wealth Management LLC raised its holdings in shares of Duolingo by 4.4% in the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after buying an additional 65 shares during the period. National Bank of Canada FI purchased a new position in Duolingo during the 4th quarter valued at $2,508,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Duolingo by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,969 shares of the company’s stock valued at $63,511,000 after acquiring an additional 7,863 shares during the period. Institutional investors own 91.59% 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.