Duolingo (NASDAQ:DUOL) Stock Rating Lowered by Wall Street Zen

Duolingo (NASDAQ:DUOL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

DUOL has been the subject of several other research reports. KeyCorp upgraded Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 target price for the company in a research report on Monday, August 18th. The Goldman Sachs Group increased their target price on Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. increased their target price on Duolingo from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. JMP Securities cut their target price on Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research report on Monday, July 28th. Finally, Argus began coverage on Duolingo in a report on Wednesday, June 25th. They set a “buy” rating and a $575.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and an average target price of $451.35.

Duolingo Stock Performance

NASDAQ:DUOL opened at $331.87 on Friday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. Duolingo has a 12-month low of $202.38 and a 12-month high of $544.93. The stock has a 50-day moving average price of $378.13 and a 200 day moving average price of $390.97. The stock has a market capitalization of $15.21 billion, a P/E ratio of 136.57, a P/E/G ratio of 2.21 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm had revenue of $252.27 million during the quarter, compared to analysts’ expectations of $240.84 million. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was up 41.5% on a year-over-year basis. Equities research analysts forecast that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, insider Robert Meese sold 1,444 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $475,119.32. Following the completion of the sale, the insider directly owned 120,080 shares of the company’s stock, valued at $39,509,922.40. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Natalie Glance sold 2,533 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the completion of the sale, the insider directly owned 122,112 shares of the company’s stock, valued at $40,178,511.36. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,056 shares of company stock worth $27,035,566 over the last three months. 15.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently modified their holdings of the stock. Kiker Wealth Management LLC bought a new stake in shares of Duolingo in the 2nd quarter valued at approximately $31,000. Rise Advisors LLC lifted its stake in shares of Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Duolingo in the 1st quarter valued at approximately $25,000. Quarry LP lifted its stake in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Duolingo in the 1st quarter valued at approximately $28,000. 91.59% of the stock is 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.