Duolingo (NYSE:DUOL) Lifted to Hold at Zacks Investment Research

Duolingo (NYSE:DUOLGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Duolingo Inc. provides mobile language learning platform. Duolingo Inc. is based in PITTSBURGH. “

Other equities research analysts have also issued research reports about the company. KeyCorp upgraded Duolingo from a “sector weight” rating to an “overweight” rating and set a $112.00 target price on the stock in a research report on Monday, March 21st. JMP Securities restated a “buy” rating and set a $128.00 target price on shares of Duolingo in a research report on Tuesday, April 5th. Evercore ISI cut their target price on Duolingo from $195.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 4th. Finally, Piper Sandler cut their target price on Duolingo from $137.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, March 4th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $128.78.

Shares of DUOL stock opened at $89.77 on Thursday. The stock has a 50-day moving average of $87.27 and a 200-day moving average of $101.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.20 and a quick ratio of 5.20. Duolingo has a 1-year low of $60.50 and a 1-year high of $204.99.

Duolingo (NYSE:DUOLGet Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.26. The company had revenue of $81.22 million during the quarter, compared to analysts’ expectations of $77.56 million. Duolingo had a negative return on equity of 28.90% and a negative net margin of 23.98%. The business’s quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.04) earnings per share. Research analysts expect that Duolingo will post -2.02 earnings per share for the current year.

In other Duolingo news, CFO Matthew Skaruppa sold 1,059 shares of the stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $100.30, for a total value of $106,217.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 600 shares of the stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $102.02, for a total value of $61,212.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 741,567 shares of company stock worth $65,732,619 and sold 2,536 shares worth $253,384.

Institutional investors have recently modified their holdings of the company. Prospera Financial Services Inc purchased a new stake in shares of Duolingo in the first quarter worth approximately $31,000. Advisor Group Holdings Inc. purchased a new stake in shares of Duolingo in the third quarter worth approximately $35,000. Daiwa Securities Group Inc. purchased a new stake in shares of Duolingo in the fourth quarter worth approximately $42,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Duolingo in the first quarter worth approximately $57,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Duolingo in the fourth quarter worth approximately $135,000. 40.17% of the stock is owned by hedge funds and other institutional investors.

About Duolingo (Get Rating)

Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.

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