Duolingo (DUOL) Expected to Announce Quarterly Earnings on Thursday

Duolingo (NASDAQ:DUOL - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $205.49 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Duolingo Price Performance

Shares of Duolingo stock traded down $27.40 during midday trading on Friday, hitting $394.38. 600,276 shares of the company traded hands, compared to its average volume of 631,320. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 215.94 and a beta of 0.89. Duolingo has a 12 month low of $145.05 and a 12 month high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm's fifty day moving average price is $356.02 and its 200-day moving average price is $301.79.

Analyst Ratings Changes

DUOL has been the topic of a number of recent analyst reports. Scotiabank assumed coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 price target on the stock. DA Davidson raised their price objective on Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Piper Sandler lifted their price objective on Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Seaport Res Ptn downgraded Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC upped their price objective on Duolingo from $370.00 to $385.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and an average price target of $355.55.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now owns 132,239 shares of the company's stock, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the sale, the insider now 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. Insiders have sold 305,639 shares of company stock worth $105,445,057 over the last three months. Company insiders own 18.30% 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.