Research Analysts’ Weekly Ratings Changes for Duolingo (DUOL)

Several brokerages have updated their recommendations and price targets on shares of Duolingo (NASDAQ: DUOL) in the last few weeks:

• 8/9/2024 – Duolingo had its price target lowered by analysts at Barclays PLC from $230.00 to $183.00. They now have an “equal weight” rating on the stock.
• 8/8/2024 – Duolingo had its price target lowered by analysts at JPMorgan Chase & Co. from $275.00 to $255.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – Duolingo had its price target raised by analysts at Piper Sandler from $265.00 to $271.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – Duolingo had its price target lowered by analysts at Needham & Company LLC from $267.00 to $245.00. They now have a “buy” rating on the stock.
• 8/5/2024 – Duolingo was upgraded by analysts at Evercore ISI to a “strong-buy” rating.
• 7/26/2024 – Duolingo was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $245.00 price target on the stock.
• 7/16/2024 – Duolingo is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
• 7/10/2024 – Duolingo had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $260.00 price target on the stock.

Duolingo Price Performance

DUOL stock traded up $5.53 during trading on Wednesday, reaching $197.07. 510,610 shares of the company were exchanged, compared to its average volume of 768,208. Duolingo, Inc. has a 52-week low of $121.89 and a 52-week high of $251.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22. The company has a market cap of $8.50 billion, a P/E ratio of 203.16 and a beta of 0.72. The stock’s 50 day moving average price is $188.07 and its 200 day moving average price is $198.73.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.13 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The company’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. As a group, analysts predict that Duolingo, Inc. will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $198.61, for a total value of $1,986,100.00. Following the sale, the insider now directly owns 72 shares in the company, valued at $14,299.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $14,299.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 2,698 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $177.29, for a total value of $478,328.42. Following the completion of the transaction, the chief financial officer now owns 86,709 shares of the company’s stock, valued at $15,372,638.61. The disclosure for this sale can be found here. Insiders have sold 44,198 shares of company stock worth $8,092,373 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG raised its position in Duolingo by 76.4% in the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock valued at $8,067,000 after purchasing an additional 15,404 shares during the period. Trexquant Investment LP lifted its position in Duolingo by 163.9% during the 4th quarter. Trexquant Investment LP now owns 29,441 shares of the company’s stock worth $6,679,000 after acquiring an additional 18,285 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Duolingo in the 4th quarter worth approximately $4,374,000. Jump Financial LLC lifted its position in shares of Duolingo by 54.5% during the fourth quarter. Jump Financial LLC now owns 14,335 shares of the company’s stock worth $3,252,000 after purchasing an additional 5,059 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new position in shares of Duolingo in the fourth quarter valued at $1,243,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.