Duolingo (NASDAQ:DUOL) Issues Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Duolingo (NASDAQ:DUOL - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19), Zacks reports. The company had revenue of $209.55 million during the quarter, compared to analyst estimates 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 %

Shares of DUOL traded down $1.41 during mid-day trading on Wednesday, reaching $292.74. The stock had a trading volume of 840,257 shares, compared to its average volume of 804,292. Duolingo has a 52-week low of $145.05 and a 52-week high of $441.77. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 159.97 and a beta of 0.89. The business's fifty day moving average is $357.93 and its 200 day moving average is $313.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Analysts Set New Price Targets

A number of analysts have recently commented on DUOL shares. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective for the company. Needham & Company LLC raised their target price on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 28th. The Goldman Sachs Group boosted their price target on Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Duolingo from $400.00 to $410.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and an average target price of $375.00.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 2,667 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the sale, the insider now owns 129,572 shares of the company's stock, valued at $56,400,100.16. This trade represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 4,464 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $313.55, for a total value of $1,399,687.20. Following the completion of the transaction, the chief financial officer now directly owns 63,266 shares in the company, valued at approximately $19,837,054.30. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 305,639 shares of company stock valued at $105,445,057 over the last ninety days. Company insiders own 18.30% of the company's stock.

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.