Duolingo, Inc. (NASDAQ:DUOL) Receives $131.19 Average PT from Analysts

Duolingo, Inc. (NASDAQ:DUOL) has earned an average recommendation of “Hold” from the twenty-six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $131.1875.

DUOL has been the subject of a number of recent research reports. Craig Hallum downgraded shares of Duolingo to a “hold” rating in a report on Tuesday, August 18th. Scotiabank set a $120.00 price target on shares of Duolingo in a research report on Thursday, August 6th. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. KeyCorp upgraded Duolingo from a “hold” rating to an “overweight” rating in a research note on Tuesday, August 18th. Finally, Bank of America downgraded Duolingo from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $103.00 to $93.00 in a research report on Tuesday, August 4th.

Insider Activity

In other news, insider Robert Meese sold 1,354 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $129.13, for a total transaction of $174,842.02. Following the completion of the sale, the insider directly owned 169,391 shares in the company, valued at approximately $21,873,459.83. This represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,024 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $129.13, for a total value of $132,229.12. Following the sale, the general counsel directly owned 51,841 shares in the company, valued at approximately $6,694,228.33. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 6,668 shares of company stock worth $874,382. 16.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duolingo

Large investors have recently bought and sold shares of the company. Root Financial Partners LLC raised its position in shares of Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after buying an additional 165 shares in the last quarter. EFG International AG acquired a new stake in shares of Duolingo during the 4th quarter worth approximately $26,000. AlphaCentric Advisors LLC acquired a new stake in shares of Duolingo during the 4th quarter worth approximately $33,000. Banque Cantonale Vaudoise increased its stake in Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 115 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Duolingo in the second quarter valued at approximately $34,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Up 0.5%

DUOL opened at $146.84 on Friday. The stock has a fifty day moving average of $130.87 and a 200-day moving average of $114.64. The company has a market capitalization of $6.87 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.19 and a beta of 0.87. Duolingo has a fifty-two week low of $87.89 and a fifty-two week high of $353.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.72 and a current ratio of 2.72.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.60 by $0.06. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The business had revenue of $298.45 million for the quarter, compared to the consensus estimate of $295.58 million. During the same period in the prior year, the company posted $0.91 earnings per share. Duolingo’s revenue was up 18.3% compared to the same quarter last year. On average, equities analysts expect that Duolingo will post 2.64 EPS for the current year.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.