Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $353.90.
Several research firms recently commented on DUOL. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Scotiabank started coverage on Duolingo in a report on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 price target on the stock. Piper Sandler increased 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. Barclays boosted their target price on Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC raised their price target on shares of Duolingo from $370.00 to $385.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th.
Check Out Our Latest Stock Report on Duolingo
Duolingo Trading Down 2.4 %
Shares of Duolingo stock traded down $8.14 during trading hours on Monday, hitting $325.20. The company's stock had a trading volume of 535,870 shares, compared to its average volume of 682,056. The company has a market capitalization of $14.30 billion, a PE ratio of 177.71 and a beta of 0.85. 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 50 day moving average of $327.98 and a 200 day moving average of $256.40. Duolingo has a 12 month low of $145.05 and a 12 month high of $378.48.
Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (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 business had revenue of $192.59 million during the quarter, compared to analysts' expectations of $189.19 million. During the same period in the prior year, the business earned $0.06 EPS. Duolingo's revenue for the quarter was up 39.9% compared to the same quarter last year. Analysts predict that Duolingo will post 2.02 earnings per share for the current year.
Insider Buying and Selling at Duolingo
In other news, CEO Ahn Luis Von sold 41,759 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 245,160 shares of company stock worth $83,163,216 over the last quarter. 18.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Duolingo
A number of institutional investors have recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in Duolingo in the 3rd quarter valued at $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo in the third quarter valued at about $29,000. Farther Finance Advisors LLC grew its stake in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. Larson Financial Group LLC bought a new position in Duolingo during the second quarter worth about $31,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo in the 2nd quarter worth about $36,000. Institutional investors own 91.59% of the company's stock.
Duolingo Company Profile
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Get Free ReportDuolingo, 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.
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