FY2024 EPS Estimates for Duolingo Lifted by William Blair

Duolingo, Inc. (NASDAQ:DUOL - Free Report) - Analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for shares of Duolingo in a research note issued to investors on Wednesday, November 6th. William Blair analyst R. Schackart now anticipates that the company will post earnings of $1.97 per share for the year, up from their prior forecast of $1.73. The consensus estimate for Duolingo's current full-year earnings is $1.87 per share. William Blair also issued estimates for Duolingo's Q2 2025 earnings at $0.71 EPS, Q3 2025 earnings at $0.78 EPS and Q4 2025 earnings at $0.88 EPS.

A number of other equities analysts have also issued reports on the company. JMP Securities lowered Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. JPMorgan Chase & Co. raised their price target on Duolingo from $303.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday. Wolfe Research assumed coverage on shares of Duolingo in a research note on Tuesday, July 16th. They set a "peer perform" rating on the stock. UBS Group increased their target price on shares of Duolingo from $225.00 to $355.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Bank of America boosted their price target on shares of Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $325.44.

Duolingo Stock Performance

NASDAQ DUOL traded up $11.07 on Friday, hitting $326.89. The stock had a trading volume of 682,650 shares, compared to its average volume of 702,308. The company's 50-day moving average is $268.56 and its two-hundred day moving average is $220.76. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 225.59 and a beta of 0.79. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo has a one year low of $145.05 and a one year high of $330.61.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.36 by $0.13. The business 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 quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on 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 owns 136,760 shares in the company, valued at approximately $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Meese sold 5,000 shares of the business's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the sale, the insider now directly owns 142,053 shares in the company, valued at $40,490,787.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,374 shares of company stock worth $15,802,382 in the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo in the 3rd quarter valued at approximately $29,000. Farther Finance Advisors LLC grew its holdings in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after buying an additional 79 shares in the last quarter. Blue Trust Inc. acquired a new position in Duolingo during the second quarter valued at $32,000. Larson Financial Group LLC purchased a new stake in Duolingo in the 2nd quarter worth about $31,000. Finally, GAMMA Investing LLC boosted its position in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company's stock worth $36,000 after acquiring an additional 133 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.