Investment Analysts’ Recent Ratings Changes for Duolingo (DUOL)

A number of research firms have changed their ratings and price targets for Duolingo (NASDAQ: DUOL):

• 10/16/2024 – Duolingo had its price target raised by analysts at The Goldman Sachs Group, Inc. from $198.00 to $250.00. They now have a “neutral” rating on the stock.
• 10/14/2024 – Duolingo was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating.
• 10/8/2024 – Duolingo had its price target raised by analysts at UBS Group AG from $225.00 to $355.00. They now have a “buy” rating on the stock.
• 9/25/2024 – Duolingo had its price target raised by analysts at JPMorgan Chase & Co. from $255.00 to $303.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – Duolingo had its price target raised by analysts at JMP Securities from $260.00 to $275.00. They now have a “market outperform” rating on the stock.
• 9/25/2024 – Duolingo had its price target raised by analysts at Bank of America Co. from $292.00 to $298.00. They now have a “buy” rating on the stock.
• 9/25/2024 – Duolingo had its price target raised by analysts at Needham & Company LLC from $245.00 to $310.00. They now have a “buy” rating on the stock.
• 9/10/2024 – Duolingo had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $250.00 price target on the stock.
• 8/30/2024 – Duolingo had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $271.00 price target on the stock.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded down $4.09 during trading on Wednesday, reaching $286.50. The company had a trading volume of 325,066 shares, compared to its average volume of 714,566. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $297.56. The company has a fifty day moving average of $236.38 and a two-hundred day moving average of $211.05. The stock has a market capitalization of $12.35 billion, a P/E ratio of 295.36 and a beta of 0.79. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.13 million. During the same quarter last year, the company earned $0.08 EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. Equities research analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief financial officer now owns 95,731 shares in the company, valued at $15,939,211.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the sale, the chief financial officer now directly owns 95,731 shares of the company’s stock, valued at approximately $15,939,211.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $280.91, for a total value of $421,365.00. Following the transaction, the insider now owns 138,260 shares in the company, valued at $38,838,616.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,374 shares of company stock worth $18,571,912 in the last 90 days. Company insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new stake in shares of Duolingo in the 2nd quarter worth $31,000. Blue Trust Inc. purchased a new stake in shares of Duolingo during the second quarter worth about $32,000. GAMMA Investing LLC lifted its holdings in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Duolingo during the second quarter worth $36,000. Finally, Fifth Third Bancorp purchased a new position in Duolingo during the second quarter valued at $40,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.