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 fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $355.55.

DUOL has been the topic of several analyst reports. Needham & Company LLC lifted their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. DA Davidson raised their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Scotiabank started coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Barclays raised their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th.

Duolingo Stock Performance

DUOL opened at $350.72 on Friday. Duolingo has a 1-year low of $145.05 and a 1-year high of $378.48. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 191.65 and a beta of 0.87. The company’s fifty day moving average price is $340.10 and its two-hundred day moving average price is $276.65. The company has a current ratio of 3.09, a quick 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s revenue was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. On average, analysts expect that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total transaction of $3,339,500.00. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $24,044.40. This represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares of the company’s stock, valued at $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,124 shares of company stock worth $95,033,738. 18.30% of the stock is owned by company insiders.

Institutional Trading of Duolingo

A number of institutional investors have recently added to or reduced their stakes in DUOL. Dragoneer Investment Group LLC bought a new stake in shares of Duolingo during the second quarter valued at about $204,768,000. FMR LLC increased its holdings in Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after acquiring an additional 564,173 shares during the period. International Assets Investment Management LLC increased its holdings in Duolingo by 30,909.9% during the 3rd 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. Spyglass Capital Management LLC purchased a new stake in Duolingo in the 3rd quarter worth approximately $38,512,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the period. Hedge funds and other 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.