Duolingo (NASDAQ:DUOL) Posts Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Duolingo (NASDAQ:DUOL - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19), Zacks reports. The business had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Duolingo Trading Down 0.5 %

Duolingo stock traded down $1.41 during trading on Wednesday, reaching $292.74. 840,257 shares of the company were exchanged, compared to its average volume of 804,292. The stock's 50 day simple moving average is $357.93 and its two-hundred day simple moving average is $313.07. The company has a market capitalization of $12.88 billion, a P/E ratio of 159.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo has a 52-week low of $145.05 and a 52-week high of $441.77.

Analyst Ratings Changes

Several brokerages have recently weighed in on DUOL. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Barclays upped their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Piper Sandler lifted their target price on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, DA Davidson raised their price target on shares of Duolingo from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $375.00.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 188,901 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now owns 72 shares of the company's stock, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 305,639 shares of company stock worth $105,445,057 in the last three months. 18.30% of the stock is owned by corporate insiders.

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.