Duolingo, Inc. (NASDAQ:DUOL) Receives Consensus Recommendation of “Hold” from Analysts

Duolingo, Inc. (NASDAQ:DUOL) has received an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $245.13.

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research report on Thursday, February 29th. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Bank of America upped their price objective on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Barclays upped their price objective on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Finally, Piper Sandler upped their price objective on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th.

Duolingo Price Performance

Shares of DUOL opened at $222.66 on Wednesday. The company has a market cap of $9.55 billion, a P/E ratio of 654.90 and a beta of 0.83. The stock has a fifty day moving average price of $212.79 and a 200 day moving average price of $203.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. Duolingo has a 12 month low of $116.82 and a 12 month high of $245.87.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The company had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. On average, research analysts forecast that Duolingo will post 1.38 earnings per share for the current year.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $12,860.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $12,860.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 2,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $190.00, for a total value of $380,000.00. Following the transaction, the general counsel now directly owns 35,033 shares in the company, valued at $6,656,270. The disclosure for this sale can be found here. Insiders have sold 113,223 shares of company stock valued at $23,682,665 over the last three months. Company insiders own 19.85% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DUOL. Cambridge Investment Research Advisors Inc. acquired a new position in Duolingo during the third quarter valued at $432,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Duolingo by 27.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,546 shares of the company’s stock valued at $920,000 after buying an additional 1,206 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Duolingo during the 3rd quarter valued at about $910,000. Bank of New York Mellon Corp lifted its holdings in shares of Duolingo by 22.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 127,709 shares of the company’s stock valued at $21,183,000 after buying an additional 23,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Duolingo by 27.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,507 shares of the company’s stock valued at $913,000 after buying an additional 1,192 shares during the last quarter. 91.59% of the stock is 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.