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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $353.90.

A number of equities analysts recently commented on the company. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Scotiabank initiated coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Finally, UBS Group increased their price target on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

Duolingo Trading Down 0.0 %

NASDAQ:DUOL opened at $335.99 on Friday. The stock’s 50 day moving average price is $338.70 and its 200 day moving average price is $272.45. Duolingo has a 52 week low of $145.05 and a 52 week high of $378.48. The company has a market capitalization of $14.78 billion, a P/E ratio of 183.60 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The firm’s revenue was up 39.9% on a year-over-year basis. On average, research analysts forecast that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares during the period. Dragoneer Investment Group LLC bought a new position in shares of Duolingo during the second quarter valued at $204,768,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Duolingo by 23.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after acquiring an additional 12,860 shares during the period. Lisanti Capital Growth LLC lifted its holdings in shares of Duolingo by 17.8% during the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after acquiring an additional 1,760 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Duolingo during the third quarter valued at $4,350,000. 91.59% of the stock is owned by institutional investors.

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.