Q4 Earnings Forecast for Duolingo Issued By Seaport Res Ptn

Duolingo, Inc. (NASDAQ:DUOL) – Equities research analysts at Seaport Res Ptn upped their Q4 2024 earnings per share (EPS) estimates for Duolingo in a note issued to investors on Thursday, November 7th. Seaport Res Ptn analyst A. Kessler now anticipates that the company will post earnings per share of $0.59 for the quarter, up from their previous forecast of $0.55. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for Duolingo’s current full-year earnings is $2.02 per share. Seaport Res Ptn also issued estimates for Duolingo’s FY2025 earnings at $3.14 EPS.

Several other research firms have also weighed in on DUOL. Wolfe Research began coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. UBS Group increased their target price on shares of Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC raised their target price on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $325.44.

Duolingo Stock Down 2.6 %

Duolingo stock opened at $318.23 on Monday. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $330.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.09. The firm’s 50-day simple moving average is $272.96 and its 200 day simple moving average is $222.38. The stock has a market cap of $13.86 billion, a PE ratio of 173.90 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The business’s revenue was up 39.9% on a year-over-year basis.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the transaction, the insider now owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Friday, September 6th. The stock was 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 in the company, valued at approximately $29,001,597.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock valued at $15,802,382 over the last 90 days. Company insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. bought a new position in Duolingo during the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC boosted its position in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the period. Blue Trust Inc. bought a new position in shares of Duolingo during the second quarter valued at approximately $32,000. Larson Financial Group LLC purchased a new stake in shares of Duolingo in the second quarter worth approximately $31,000. Finally, GAMMA Investing LLC grew its position 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 acquiring an additional 133 shares during the last quarter. 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.