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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. Seven 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 updated their coverage on the stock in the last year is $375.00.

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. UBS Group boosted their price target on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Finally, Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock.

Insider Activity

In other news, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total value of $3,368,200.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $24,251.04. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,499 shares of company stock worth $29,162,568. 18.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in shares of Duolingo in the third quarter worth $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo in the third quarter worth $29,000. Quarry LP grew its stake in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo in the fourth quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Up 4.1 %

DUOL opened at $283.54 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 154.94 and a beta of 0.92. The business has a 50-day moving average of $350.03 and a two-hundred day moving average of $315.72. Duolingo has a 12 month low of $145.05 and a 12 month high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, research analysts expect that Duolingo will post 2.03 earnings per share for the current 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.