Investment Analysts’ Weekly Ratings Updates for Duolingo (DUOL)

A number of research firms have changed their ratings and price targets for Duolingo (NASDAQ: DUOL):

• 11/14/2024 – Duolingo had its price target raised by analysts at UBS Group AG from $355.00 to $408.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Duolingo had its price target raised by analysts at JPMorgan Chase & Co. from $303.00 to $360.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – Duolingo had its price target raised by analysts at Piper Sandler from $271.00 to $351.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – Duolingo had its price target raised by analysts at The Goldman Sachs Group, Inc. from $250.00 to $275.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – Duolingo was downgraded by analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating.
• 11/7/2024 – Duolingo had its price target raised by analysts at Barclays PLC from $183.00 to $295.00. They now have an “equal weight” rating on the stock.
• 11/7/2024 – Duolingo had its price target raised by analysts at DA Davidson from $250.00 to $350.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Duolingo had its price target raised by analysts at Needham & Company LLC from $310.00 to $370.00. They now have a “buy” rating on the stock.
• 10/16/2024 – Duolingo had its price target raised by analysts at The Goldman Sachs Group, Inc. from $198.00 to $250.00. They now have a “neutral” rating on the stock.
• 10/14/2024 – Duolingo was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating.
• 10/8/2024 – Duolingo had its price target raised by analysts at UBS Group AG from $225.00 to $355.00. They now have a “buy” rating on the stock.

Duolingo Stock Up 1.6 %

Shares of NASDAQ DUOL opened at $353.53 on Wednesday. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 193.19 and a beta of 0.79. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $364.95. The firm has a 50-day moving average price of $294.74 and a 200 day moving average price of $229.12. 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 quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. Equities research analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the sale, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the transaction, the insider now owns 142,053 shares of the company’s stock, valued at $40,490,787.12. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,783 shares of company stock worth $12,156,296. 18.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. True Wealth Design LLC purchased a new position in Duolingo during the third quarter worth $26,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo during the third quarter valued at $29,000. Larson Financial Group LLC purchased a new stake in Duolingo during the 2nd quarter worth about $31,000. Blue Trust Inc. acquired a new position in Duolingo in the 2nd quarter valued at about $32,000. Finally, GAMMA Investing LLC lifted its holdings in Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.