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

Duolingo, Inc. (NASDAQ:DUOL) has received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $353.90.

Several analysts have issued reports on DUOL shares. Barclays upped their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the sale, the insider now directly owns 72 shares in the company, valued at $24,251.04. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 245,160 shares of company stock worth $83,163,216 in the last three months. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in DUOL. Mount Lucas Management LP increased its position in shares of Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after buying an additional 32 shares during the period. CIBC Asset Management Inc boosted its position in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after acquiring an additional 32 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Duolingo by 3.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after acquiring an additional 73 shares during the period. Farther Finance Advisors LLC raised its position in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Duolingo in the 3rd quarter valued at about $26,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Down 2.5 %

Shares of DUOL stock opened at $333.34 on Monday. The firm’s fifty day moving average price is $327.98 and its two-hundred day moving average price is $256.40. 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 has a 1 year low of $145.05 and a 1 year high of $378.48. The firm has a market capitalization of $14.66 billion, a P/E ratio of 182.15 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same period last year, the company earned $0.06 earnings per share. The business’s revenue was up 39.9% compared to the same quarter last year. On average, equities analysts predict that Duolingo will post 2.02 EPS for the current fiscal year.

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.