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

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) has received a consensus rating of "Moderate Buy" from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $372.92.

A number of analysts recently commented on the stock. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research note on Tuesday, March 18th. Piper Sandler upped their target price on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. UBS Group cut their price objective on Duolingo from $430.00 to $400.00 and set a "buy" rating for the company in a report on Friday. The Goldman Sachs Group lifted their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Finally, DA Davidson increased their target price on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, March 27th.

Duolingo Price Performance

DUOL stock traded up $12.41 during mid-day trading on Wednesday, hitting $329.35. The stock had a trading volume of 866,829 shares, compared to its average volume of 744,721. Duolingo has a 52 week low of $145.05 and a 52 week high of $441.77. The firm has a market capitalization of $14.90 billion, a P/E ratio of 179.97 and a beta of 0.91. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $339.41 and a 200 day simple moving average of $328.98.

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Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. As a group, research analysts forecast that Duolingo will post 2.03 EPS for the current year.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $21,054.96. This represents a 99.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,332 shares of company stock valued at $33,442,107. Corporate insiders own 18.30% of the company's stock.

Institutional Trading of Duolingo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Duolingo by 3.6% during the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company's stock worth $303,530,000 after purchasing an additional 36,923 shares during the period. MML Investors Services LLC purchased a new stake in Duolingo during the third quarter worth about $1,301,000. Barclays PLC grew its holdings in shares of Duolingo by 90.9% in the 3rd quarter. Barclays PLC now owns 42,613 shares of the company's stock worth $12,018,000 after acquiring an additional 20,289 shares during the period. Geode Capital Management LLC raised its stake in shares of Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company's stock worth $189,790,000 after buying an additional 16,481 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $199,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.