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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $331.33.

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Barclays boosted their target price 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. Piper Sandler increased their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC boosted their price objective on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Bank of America raised their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

Duolingo Stock Down 4.7 %

Shares of DUOL stock opened at $307.32 on Friday. The company’s fifty day simple moving average is $281.68 and its two-hundred day simple moving average is $224.95. Duolingo has a 52 week low of $145.05 and a 52 week high of $330.61. The stock has a market cap of $13.38 billion, a P/E ratio of 167.93 and a beta of 0.79. 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 posted its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company 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 firm’s revenue for the quarter was up 39.9% on a year-over-year basis. Analysts predict that Duolingo will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the sale, the insider now directly owns 139,760 shares of the company’s stock, valued at $29,001,597.60. The trade was a 1.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the transaction, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. This trade represents a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,374 shares of company stock valued at $15,802,382 in the last quarter. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position 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 purchasing an additional 16,481 shares in the last quarter. Barclays PLC increased its stake in shares of Duolingo by 90.9% during the third quarter. Barclays PLC now owns 42,613 shares of the company’s stock valued at $12,018,000 after buying an additional 20,289 shares during the period. MML Investors Services LLC bought a new stake in shares of Duolingo in the third quarter valued at about $1,301,000. Legacy Investment Solutions LLC purchased a new stake in Duolingo in the third quarter worth about $1,699,000. Finally, Zacks Investment Management grew its holdings in Duolingo by 85.5% during the 3rd quarter. Zacks Investment Management now owns 10,733 shares of the company’s stock worth $3,027,000 after acquiring an additional 4,946 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.