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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $329.4444.

A number of brokerages have issued reports on DUOL. Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a research note on Tuesday, August 26th. Scotiabank cut their target price on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Duolingo from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Barclays dropped their price target on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Finally, Evercore ISI set a $330.00 price objective on Duolingo and gave the company an “outperform” rating in a research note on Thursday, November 6th.

Duolingo Trading Down 2.3%

DUOL opened at $196.28 on Monday. Duolingo has a 52 week low of $166.27 and a 52 week high of $544.93. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $242.89 and a 200-day simple moving average of $324.64. The firm has a market cap of $9.07 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.23 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The firm had revenue of $271.71 million for the quarter, compared to the consensus estimate of $260.14 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. On average, equities analysts expect that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity

In other news, CFO Matthew Skaruppa sold 3,059 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the completion of the transaction, the chief financial officer directly owned 37,487 shares of the company’s stock, valued at approximately $6,588,715.12. The trade was a 7.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Natalie Glance sold 3,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the sale, the insider directly owned 116,171 shares in the company, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 76,452 shares of company stock worth $18,736,132. 18.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC lifted its position in Duolingo by 43.6% in the first 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 period. Summit Securities Group LLC acquired a new position in Duolingo during the first quarter worth $28,000. Brooklyn Investment Group grew its holdings in Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 95 shares during the period. Kiker Wealth Management LLC purchased a new position in Duolingo in the second quarter worth $31,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in Duolingo in the third quarter valued at $32,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Company Profile

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.