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

Duolingo, Inc. (NASDAQ:DUOL) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $237.40.

A number of analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Duolingo in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Evercore ISI raised Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Barclays dropped their price objective on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and issued a $271.00 target price on shares of Duolingo in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. decreased their target price on Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th.

Duolingo Trading Up 1.6 %

DUOL opened at $268.34 on Friday. Duolingo has a 12 month low of $140.16 and a 12 month high of $270.28. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $197.26 and a 200 day moving average of $203.76. The firm has a market cap of $11.57 billion, a P/E ratio of 276.64 and a beta of 0.76.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, research analysts forecast that Duolingo will post 1.87 EPS for the current year.

Insider Activity at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated 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 transaction, the general counsel now directly owns 35,558 shares in the company, valued at approximately $7,522,294.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Stephen C. Chen sold 19,464 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at $7,522,294.90. The disclosure for this sale can be found here. Insiders sold 97,374 shares of company stock worth $19,459,527 over the last three months. 18.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after acquiring an additional 67,004 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in shares of Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after purchasing an additional 245,599 shares in the last quarter. Dragoneer Investment Group LLC purchased a new position in Duolingo during the 2nd quarter worth $204,768,000. American Century Companies Inc. increased its position in Duolingo by 25.1% during the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock valued at $104,117,000 after buying an additional 100,167 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after buying an additional 238,990 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.