Duolingo FY2024 EPS Forecast Raised by Seaport Res Ptn

Duolingo, Inc. (NASDAQ:DUOL - Free Report) - Analysts at Seaport Res Ptn lifted their FY2024 EPS estimates for Duolingo in a research report issued on Thursday, November 7th. Seaport Res Ptn analyst A. Kessler now anticipates that the company will post earnings of $2.11 per share for the year, up from their prior estimate of $2.02. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for Duolingo's current full-year earnings is $1.87 per share. Seaport Res Ptn also issued estimates for Duolingo's Q1 2025 earnings at $0.70 EPS, Q2 2025 earnings at $0.73 EPS, Q3 2025 earnings at $0.79 EPS and Q4 2025 earnings at $0.93 EPS.

Other equities analysts also recently issued research reports about the company. Evercore ISI raised Duolingo to a "strong-buy" rating in a research report on Monday, August 5th. Piper Sandler increased their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday. Wolfe Research assumed coverage on shares of Duolingo in a research report on Tuesday, July 16th. They issued a "peer perform" rating for the company. Needham & Company LLC boosted their price target on shares of Duolingo from $310.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price objective on Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a report on Thursday. Five investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $325.44.

Duolingo Stock Up 3.5 %

Shares of DUOL stock traded up $11.07 on Friday, hitting $326.89. 682,650 shares of the stock were exchanged, compared to its average volume of 702,308. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $14.23 billion, a P/E ratio of 225.59 and a beta of 0.79. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $330.61. The business has a 50-day moving average of $268.56 and a 200 day moving average of $220.76.

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, topping analysts' consensus estimates of $0.36 by $0.13. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company's revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the firm's 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 completion of the sale, the insider now owns 136,760 shares of the company's stock, valued at $42,855,113.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated 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 of the company's stock, valued at $42,855,113.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Duality Advisers LP bought a new stake in Duolingo in the 1st quarter valued at about $287,000. SG Americas Securities LLC lifted its position in shares of Duolingo by 261.8% during the 1st quarter. SG Americas Securities LLC now owns 3,640 shares of the company's stock valued at $803,000 after acquiring an additional 2,634 shares during the period. Swiss National Bank lifted its position in shares of Duolingo by 1.3% during the 1st quarter. Swiss National Bank now owns 60,100 shares of the company's stock valued at $13,257,000 after acquiring an additional 800 shares during the period. Headlands Technologies LLC grew its holdings in shares of Duolingo by 19.8% during the 1st quarter. Headlands Technologies LLC now owns 767 shares of the company's stock worth $169,000 after purchasing an additional 127 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Duolingo in the first quarter worth $528,000. Institutional investors own 91.59% of the company's stock.

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.