Q4 Earnings Forecast for Duolingo Issued By William Blair

Duolingo, Inc. (NASDAQ:DUOL) – Equities researchers at William Blair upped their Q4 2024 earnings estimates for Duolingo in a report issued on Wednesday, November 6th. William Blair analyst R. Schackart now forecasts that the company will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.37. The consensus estimate for Duolingo’s current full-year earnings is $2.02 per share. William Blair also issued estimates for Duolingo’s Q1 2025 earnings at $0.65 EPS, FY2025 earnings at $3.02 EPS and FY2026 earnings at $4.11 EPS.

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, 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 analyst estimates of $189.19 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 39.9% compared to the same quarter last year.

DUOL has been the subject of several other research reports. Needham & Company LLC lifted their price objective on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group lifted their target price on shares of Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Piper Sandler lifted their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. DA Davidson lifted their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Barclays lifted their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $325.44.

Duolingo Trading Down 2.6 %

Shares of NASDAQ:DUOL opened at $318.23 on Monday. The firm has a fifty day moving average of $272.96 and a two-hundred day moving average of $222.38. The firm has a market capitalization of $13.86 billion, a P/E ratio of 173.90 and a beta of 0.79. Duolingo has a 12-month low of $145.05 and a 12-month high of $330.61. The company has a quick ratio of 3.28, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Institutional Trading of Duolingo

Several hedge funds have recently modified their holdings of DUOL. Landscape Capital Management L.L.C. bought a new stake in Duolingo during the 3rd quarter valued at $2,651,000. Ontario Teachers Pension Plan Board bought a new stake in Duolingo during the 3rd quarter valued at $283,000. First Horizon Advisors Inc. bought a new stake in Duolingo during the 3rd quarter valued at $29,000. PNC Financial Services Group Inc. increased its stake in Duolingo by 5.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,118 shares of the company’s stock valued at $1,443,000 after purchasing an additional 280 shares in the last quarter. Finally, Pathstone Holdings LLC increased its stake in Duolingo by 15.3% during the 3rd quarter. Pathstone Holdings LLC now owns 5,242 shares of the company’s stock valued at $1,478,000 after purchasing an additional 694 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now directly owns 35,558 shares in the company, valued at $7,522,294.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,374 shares of company stock worth $15,802,382. 18.30% of the stock is owned by insiders.

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.