Duolingo, Inc. (NASDAQ:DUOL) Given Average Rating of “Moderate Buy” by Analysts

Duolingo, Inc. (NASDAQ:DUOL) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $242.10.

Several analysts have recently commented on the stock. JMP Securities reissued a “market outperform” rating and set a $260.00 price target on shares of Duolingo in a research note on Wednesday, July 10th. Barclays dropped their target price on Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. DA Davidson assumed coverage on Duolingo in a report on Thursday, June 13th. They set a “buy” rating and a $250.00 price objective for the company. Wolfe Research began coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Needham & Company LLC dropped their price target on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday.

Duolingo Price Performance

Duolingo stock opened at $178.99 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The company has a market capitalization of $7.72 billion, a PE ratio of 184.53 and a beta of 0.72. Duolingo has a one year low of $121.89 and a one year high of $251.30. The business has a 50 day simple moving average of $188.55 and a 200 day simple moving average of $198.78.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.18. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The business’s revenue was up 40.6% on a year-over-year basis. On average, sell-side analysts forecast that Duolingo will post 1.74 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $193.53, for a total transaction of $290,295.00. Following the completion of the transaction, the insider now directly owns 147,282 shares in the company, valued at approximately $28,503,485.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief financial officer now directly owns 95,731 shares in the company, valued at approximately $15,939,211.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $193.53, for a total transaction of $290,295.00. Following the transaction, the insider now owns 147,282 shares of the company’s stock, valued at $28,503,485.46. The disclosure for this sale can be found here. Insiders sold a total of 44,198 shares of company stock worth $8,092,373 in the last three months. Insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after purchasing an additional 67,004 shares during the period. Whale Rock Capital Management LLC raised its holdings in shares of Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after purchasing an additional 245,599 shares during the period. American Century Companies Inc. raised its holdings in shares of Duolingo by 25.1% in the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock valued at $104,117,000 after purchasing an additional 100,167 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares during the period. Finally, Norges Bank bought a new stake in shares of Duolingo in the 4th quarter valued at about $84,042,000. 91.59% of the stock is owned by institutional investors.

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.