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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given an average recommendation of “Hold” by the twenty-four brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $301.75.

Several analysts recently weighed in on DUOL shares. Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. Jefferies Financial Group increased their target price on shares of Duolingo from $210.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. Citigroup reaffirmed a “market perform” rating on shares of Duolingo in a report on Monday, January 12th. The Goldman Sachs Group lowered their price objective on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Duolingo from $300.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th.

Duolingo Stock Performance

Shares of Duolingo stock opened at $131.93 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.10 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 0.71 and a beta of 0.86. The company has a 50 day moving average of $173.91 and a 200-day moving average of $254.84. Duolingo has a 1-year low of $130.22 and a 1-year high of $544.93.

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

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 2,471 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.79, for a total transaction of $434,377.09. Following the sale, the insider directly owned 111,166 shares in the company, valued at approximately $19,541,871.14. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 1,514 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $175.87, for a total value of $266,267.18. Following the completion of the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at $5,547,291.54. This represents a 4.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 33,169 shares of company stock worth $5,826,651. Insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its stake in shares of Duolingo by 71.9% in the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after purchasing an additional 2,033,611 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in Duolingo by 324.4% in the third quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock valued at $508,760,000 after buying an additional 1,208,346 shares during the period. State of Michigan Retirement System boosted its position in Duolingo by 5,800.0% during the fourth quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock valued at $98,368,000 after acquiring an additional 551,000 shares during the last quarter. Norges Bank acquired a new stake in Duolingo during the 2nd quarter worth about $192,965,000. Finally, Balyasny Asset Management L.P. grew its holdings in Duolingo by 22,970.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock worth $133,650,000 after acquiring an additional 413,468 shares during the period. Institutional investors own 91.59% of the company’s stock.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.