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

Duolingo, Inc. (NASDAQ:DUOL) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $353.90.

A number of research analysts have recently commented on the company. DA Davidson raised their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Needham & Company LLC increased their target price on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Barclays increased their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, UBS Group increased their target price on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

Duolingo Trading Down 0.0 %

Duolingo stock opened at $335.99 on Friday. Duolingo has a 52-week low of $145.05 and a 52-week high of $378.48. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 183.60 and a beta of 0.87. The firm has a 50-day moving average price of $338.70 and a two-hundred day moving average price of $272.45.

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

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now directly owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. In the last three months, insiders sold 281,124 shares of company stock valued at $95,033,738. 18.30% of the stock is owned by insiders.

Institutional Trading of Duolingo

Hedge funds have recently bought and sold shares of the company. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo in the 2nd quarter valued at about $204,768,000. FMR LLC increased its holdings in shares of Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after purchasing an additional 564,173 shares during the period. International Assets Investment Management LLC increased its holdings 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 valued at $100,135,000 after purchasing an additional 353,918 shares during the period. Spyglass Capital Management LLC acquired a new position in shares of Duolingo in the 3rd quarter valued at about $38,512,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.