Duolingo's (DUOL) "Buy" Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of Duolingo (NASDAQ:DUOL - Free Report) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $250.00 target price on the stock.

Other equities analysts also recently issued reports about the stock. Barclays cut their price target on shares of Duolingo from $230.00 to $183.00 and set an equal weight rating on the stock in a report on Friday, August 9th. Wolfe Research assumed coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a peer perform rating for the company. Bank of America raised shares of Duolingo from a neutral rating to a buy rating and set a $245.00 price target on the stock in a report on Friday, July 26th. Needham & Company LLC reduced their price objective on Duolingo from $267.00 to $245.00 and set a buy rating for the company in a report on Thursday, August 8th. Finally, Evercore ISI raised Duolingo to a strong-buy rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $237.40.

Duolingo Stock Up 0.0 %

Duolingo stock traded up $0.01 during midday trading on Tuesday, hitting $217.11. 406,102 shares of the stock were exchanged, compared to its average volume of 732,558. Duolingo has a 52-week low of $140.16 and a 52-week high of $251.30. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The business's 50-day moving average price is $190.73 and its 200-day moving average price is $202.25. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 223.83 and a beta of 0.75.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. Duolingo's quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. On average, research analysts expect that Duolingo will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Duolingo news, CEO Ahn Luis Von sold 1,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $215.00, for a total value of $215,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the transaction, the insider now owns 139,760 shares of the company's stock, valued at $29,001,597.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,555 shares of company stock valued at $18,302,871. Corporate insiders own 18.30% of the company's stock.

Hedge Funds Weigh In On Duolingo

Institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Duolingo by 5.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company's stock worth $231,000 after buying an additional 55 shares during the last quarter. 9258 Wealth Management LLC raised its position in Duolingo by 4.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company's stock valued at $347,000 after purchasing an additional 65 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company's stock worth $409,000 after purchasing an additional 73 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Duolingo by 19.5% during the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company's stock worth $109,000 after purchasing an additional 85 shares during the last quarter. Finally, Strategic Advocates LLC boosted its holdings in shares of Duolingo by 8.3% in the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company's stock worth $240,000 after purchasing an additional 88 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

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.