Research Analysts Set Expectations for Duolingo Q4 Earnings

Duolingo, Inc. (NASDAQ:DUOL - Free Report) - Research analysts at Seaport Res Ptn boosted their Q4 2024 earnings estimates for shares of Duolingo in a report released on Thursday, November 7th. Seaport Res Ptn analyst A. Kessler now anticipates that the company will post earnings of $0.59 per share for the quarter, up from their prior estimate of $0.55. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for Duolingo's current full-year earnings is $2.02 per share. Seaport Res Ptn also issued estimates for Duolingo's FY2025 earnings at $3.14 EPS.

DUOL has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on Duolingo from $303.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday. Bank of America raised their target price on shares of Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. JMP Securities lowered shares of Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. Wolfe Research initiated coverage on Duolingo in a research report on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Finally, Barclays raised their target price on Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $325.44.

Duolingo Price Performance

Shares of NASDAQ DUOL traded down $8.66 during midday trading on Monday, reaching $318.23. 650,558 shares of the stock traded hands, compared to its average volume of 702,071. The company's 50 day moving average is $270.84 and its 200 day moving average is $221.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.28. Duolingo has a one year low of $145.05 and a one year high of $330.61. The stock has a market capitalization of $13.86 billion, a PE ratio of 178.63 and a beta of 0.79.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million for the quarter, compared to analysts' expectations of $189.19 million. During the same period last year, the firm posted $0.06 earnings per share. The business's revenue for the quarter was up 39.9% on a year-over-year basis.

Insider Buying and Selling at Duolingo

In other news, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the completion of the sale, the chief financial officer now owns 88,856 shares in the company, valued at approximately $18,417,183.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the transaction, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the business's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the transaction, the general counsel now directly owns 35,558 shares of the company's stock, valued at $7,522,294.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,374 shares of company stock valued at $15,802,382 in the last quarter. Corporate insiders own 18.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company's stock valued at $747,200,000 after purchasing an additional 67,004 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in shares of Duolingo by 23.9% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company's stock worth $281,281,000 after purchasing an additional 245,599 shares during the last quarter. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo during the 2nd quarter worth approximately $204,768,000. American Century Companies Inc. lifted its position in Duolingo by 25.1% during the second quarter. American Century Companies Inc. now owns 498,957 shares of the company's stock worth $104,117,000 after acquiring an additional 100,167 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company's stock worth $82,450,000 after buying an additional 238,990 shares in the last quarter. 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.