Duolingo, Inc. (NASDAQ:DUOL) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $325.44.

A number of analysts have weighed in on the stock. DA Davidson increased their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a report on Thursday. UBS Group boosted their price objective on Duolingo from $225.00 to $355.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Wolfe Research began coverage on Duolingo in a research report on Tuesday, July 16th. They issued a "peer perform" rating for the company. Bank of America raised their price objective on shares of Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Finally, Evercore ISI upgraded shares of Duolingo to a "strong-buy" rating in a research note on Monday, August 5th.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction that occurred on 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 owns 35,558 shares of the company's stock, valued at $7,522,294.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares in the company, valued at approximately $42,855,113.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,374 shares of company stock worth $15,802,382 over the last 90 days. 18.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo in the third quarter valued at approximately $29,000. Larson Financial Group LLC bought a new stake in Duolingo during the 2nd quarter worth about $31,000. Blue Trust Inc. acquired a new position in shares of Duolingo during the 2nd quarter worth about $32,000. GAMMA Investing LLC grew its holdings in shares of Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company's stock valued at $36,000 after acquiring an additional 133 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Duolingo in the second quarter valued at about $36,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $11.07 during trading hours on Friday, hitting $326.89. 682,721 shares of the stock were exchanged, compared to its average volume of 472,690. Duolingo has a one year low of $145.05 and a one year high of $330.61. The company's 50 day moving average is $270.84 and its 200 day moving average is $221.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The firm has a market capitalization of $14.23 billion, a P/E ratio of 178.63 and a beta of 0.79.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm's revenue for the quarter was up 39.9% compared to the same quarter last year. On average, research analysts expect that Duolingo will post 1.87 EPS for the current year.

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.