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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $308.50.

Several research firms have recently commented on DUOL. JPMorgan Chase & Co. decreased their target price on shares of Duolingo from $465.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company cut their price target on Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. Barclays lowered their price objective on Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. Finally, The Goldman Sachs Group decreased their price target on Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, November 7th.

Insider Activity

In related news, CFO Matthew Skaruppa sold 3,059 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $175.76, for a total transaction of $537,649.84. Following the transaction, the chief financial officer directly owned 37,487 shares of the company’s stock, valued at $6,588,715.12. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stephen C. Chen sold 1,514 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total transaction of $266,267.18. Following the completion of the sale, the general counsel directly owned 31,542 shares of the company’s stock, valued at $5,547,291.54. The trade was a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 53,169 shares of company stock worth $11,605,151. Company insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

Institutional investors and hedge funds have recently modified their holdings of the business. Dragoneer Investment Group LLC raised its stake in Duolingo by 324.4% in the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock valued at $508,760,000 after acquiring an additional 1,208,346 shares during the period. Baillie Gifford & Co. increased its stake in shares of Duolingo by 28.6% in the third quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock worth $910,110,000 after purchasing an additional 628,943 shares in the last quarter. Norges Bank purchased a new position in shares of Duolingo in the second quarter worth about $192,965,000. Balyasny Asset Management L.P. raised its position in shares of Duolingo by 22,970.4% in the third quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock valued at $133,650,000 after purchasing an additional 413,468 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Duolingo by 78.4% during the 3rd quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock valued at $238,441,000 after buying an additional 325,648 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Up 2.5%

Shares of NASDAQ:DUOL opened at $165.80 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. Duolingo has a 52-week low of $160.12 and a 52-week high of $544.93. The business’s 50 day simple moving average is $185.52 and its two-hundred day simple moving average is $278.39. The firm has a market cap of $7.66 billion, a P/E ratio of 21.01, a PEG ratio of 0.85 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company had revenue of $271.71 million for the quarter, compared to analyst estimates of $260.14 million. During the same period in the prior year, the firm earned $0.49 earnings per share. Duolingo’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, research analysts forecast that Duolingo will post 2.03 EPS for the current fiscal year.

Duolingo Company Profile

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.