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

Duolingo, Inc. (NASDAQ:DUOL) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $355.55.

A number of equities research analysts have weighed in on DUOL shares. JPMorgan Chase & Co. raised their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. UBS Group raised their price objective on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday. Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Barclays upped their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th.

Duolingo Stock Up 7.3 %

Shares of NASDAQ DUOL opened at $350.72 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average of $340.10 and a 200-day moving average of $276.65. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 191.65 and a beta of 0.87. Duolingo has a 12 month low of $145.05 and a 12 month high of $378.48.

Duolingo (NASDAQ:DUOL) last released its quarterly 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. The business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. Sell-side analysts expect that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 281,124 shares of company stock valued at $95,033,738. Insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of Duolingo by 26.9% in 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 in the last quarter. State Street Corp raised its holdings in Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after purchasing an additional 36,923 shares in the last quarter. Dragoneer Investment Group LLC purchased a new position in Duolingo during the second quarter valued at $204,768,000. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 16,481 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after buying an additional 353,918 shares during the period. Hedge funds and other 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.