Duolingo, Inc. (NASDAQ:DUOL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $422.50.

DUOL has been the topic of several recent research reports. Scotiabank raised their target price on shares of Duolingo from $405.00 to $470.00 and gave the stock a “sector outperform” rating in a report on Friday. UBS Group lifted their price objective on Duolingo from $400.00 to $500.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC increased their target price on Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. Finally, Piper Sandler increased their price objective on shares of Duolingo from $390.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday.

Duolingo Stock Up 21.6 %

Shares of DUOL opened at $486.42 on Friday. The firm’s 50-day simple moving average is $326.31 and its 200 day simple moving average is $336.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market cap of $22.01 billion, a P/E ratio of 265.80 and a beta of 0.91. Duolingo has a 52 week low of $145.05 and a 52 week high of $487.00.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s quarterly revenue was up 37.6% on a year-over-year basis. On average, analysts forecast that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $28,185.12. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. Insiders sold 109,868 shares of company stock valued at $37,549,300 over the last quarter. 18.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Duolingo

A number of hedge funds have recently made changes to their positions in the stock. Kensington Investment Counsel LLC boosted its stake in shares of Duolingo by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after purchasing an additional 30 shares during the last quarter. Lido Advisors LLC boosted its position in Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after acquiring an additional 30 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Duolingo by 1.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company’s stock worth $914,000 after acquiring an additional 34 shares during the period. Atria Investments Inc raised its position in shares of Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after acquiring an additional 39 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Duolingo by 24.4% in the 1st quarter. Larson Financial Group LLC now owns 199 shares of the company’s stock worth $62,000 after acquiring an additional 39 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

About Duolingo

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.