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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $277.22.

A number of brokerages recently weighed in on DUOL. The Goldman Sachs Group upped their price target on shares of Duolingo from $198.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Bank of America boosted their price objective on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Wolfe Research began coverage on shares of Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. DA Davidson reiterated a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.49, for a total value of $1,664,900.00. Following the sale, the insider now owns 72 shares in the company, valued at approximately $11,987.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.49, for a total transaction of $1,664,900.00. Following the sale, the insider now owns 72 shares in the company, valued at $11,987.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares in the company, valued at approximately $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 88,374 shares of company stock worth $18,571,912. 18.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after acquiring an additional 353,918 shares during the period. Blue Trust Inc. raised its stake in Duolingo by 228.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $133,000 after acquiring an additional 327 shares during the period. Bleakley Financial Group LLC bought a new position in Duolingo in the 3rd quarter worth about $265,000. nVerses Capital LLC grew its position in Duolingo by 33.3% in the 3rd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $113,000 after purchasing an additional 100 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Duolingo in the 3rd quarter worth about $474,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Down 2.3 %

Shares of Duolingo stock opened at $281.30 on Wednesday. The company has a fifty day moving average price of $245.16 and a 200 day moving average price of $213.03. 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 twelve month low of $140.16 and a twelve month high of $297.56. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 290.00 and a beta of 0.79.

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