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

Duolingo, Inc. (NASDAQ:DUOL) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $435.87.

A number of equities research analysts recently issued reports on DUOL shares. Barclays raised their price target on Duolingo from $330.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their price target on Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Needham & Company LLC boosted their target price on Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Evercore ISI boosted their target price on Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Piper Sandler set a $375.00 price target on Duolingo in a research note on Friday, May 2nd.

Duolingo Stock Up 0.2%

NASDAQ DUOL opened at $361.95 on Friday. The stock’s 50-day moving average price is $464.81 and its 200-day moving average price is $389.19. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. Duolingo has a 52 week low of $145.05 and a 52 week high of $544.93. The company has a market capitalization of $16.45 billion, a P/E ratio of 178.30, a price-to-earnings-growth ratio of 2.78 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to analysts’ expectations of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The company’s quarterly revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts predict that Duolingo will post 2.03 earnings per share for the current year.

Insider Transactions at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $314.36, for a total value of $3,143,600.00. Following the transaction, the insider owned 72 shares in the company, valued at $22,633.92. The trade was a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert Meese sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $367.65, for a total value of $3,676,500.00. Following the transaction, the insider directly owned 123,805 shares of the company’s stock, valued at $45,516,908.25. This represents a 7.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock valued at $27,646,500 over the last quarter. Insiders own 15.67% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Duolingo in the fourth quarter valued at about $6,677,000. HighTower Advisors LLC boosted its stake in shares of Duolingo by 25.2% in the fourth quarter. HighTower Advisors LLC now owns 1,837 shares of the company’s stock valued at $596,000 after buying an additional 370 shares during the period. Commonwealth Equity Services LLC raised its position in Duolingo by 119.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,931 shares of the company’s stock valued at $1,275,000 after purchasing an additional 2,138 shares in the last quarter. Axxcess Wealth Management LLC raised its position in Duolingo by 15.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $1,192,000 after purchasing an additional 495 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Duolingo by 1.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,917 shares of the company’s stock worth $2,891,000 after buying an additional 122 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

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.