Duolingo, Inc. (NASDAQ:DUOL) Given Consensus Rating of “Hold” by Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $244.63.

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, February 29th. Needham & Company LLC increased their target price on Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. UBS Group increased their target price on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Piper Sandler reissued an “overweight” rating and set a $265.00 target price (down from $282.00) on shares of Duolingo in a report on Friday, May 10th. Finally, Bank of America increased their target price on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 22,023 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $220.26, for a total value of $4,850,785.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $235.18, for a total value of $1,881,440.00. Following the completion of the transaction, the chief financial officer now directly owns 64,523 shares in the company, valued at $15,174,519.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 22,023 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $220.26, for a total value of $4,850,785.98. The disclosure for this sale can be found here. Insiders have sold 125,921 shares of company stock valued at $27,371,558 over the last ninety days. 19.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Several large investors have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. raised its position in Duolingo by 5.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock valued at $231,000 after purchasing an additional 55 shares during the last quarter. 9258 Wealth Management LLC raised its position in shares of Duolingo by 4.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after acquiring an additional 65 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its position in shares of Duolingo by 0.8% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after acquiring an additional 72 shares during the last quarter. Xponance Inc. raised its position in shares of Duolingo by 4.8% during the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock worth $402,000 after acquiring an additional 82 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of Duolingo by 6.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock worth $382,000 after acquiring an additional 100 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Up 1.5 %

DUOL opened at $178.40 on Friday. Duolingo has a 1-year low of $121.89 and a 1-year high of $251.30. The stock’s fifty day simple moving average is $211.19 and its 200 day simple moving average is $209.57. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7.69 billion, a PE ratio of 183.92 and a beta of 0.82.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The firm had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. During the same period in the prior year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. As a group, research analysts expect that Duolingo will post 1.74 earnings per share for the current year.

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.