Duolingo (NASDAQ:DUOL) Receives “Hold” Rating from Argus

Argus reiterated their hold rating on shares of Duolingo (NASDAQ:DUOL) in a report published on Wednesday, MarketBeat reports.

Several other research analysts have also issued reports on the stock. Bank of America reiterated a “neutral” rating and issued a $100.00 price target on shares of Duolingo in a research note on Friday, February 27th. Morgan Stanley reissued an “equal weight” rating and set a $100.00 price objective (down from $245.00) on shares of Duolingo in a research note on Friday, February 27th. The Goldman Sachs Group decreased their target price on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Zacks Research lowered shares of Duolingo from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company dropped their price target on Duolingo from $185.00 to $160.00 and set an “underweight” rating on the stock in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $206.32.

Duolingo Price Performance

Shares of DUOL stock opened at $100.05 on Wednesday. The business’s fifty day moving average is $123.75 and its 200 day moving average is $202.92. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.73 and a beta of 0.90. Duolingo has a twelve month low of $91.99 and a twelve month high of $544.93.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.79 by $0.12. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The business had revenue of $282.87 million during the quarter, compared to analyst estimates of $275.95 million. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. Research analysts expect that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Natalie Glance sold 3,545 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95. Following the sale, the insider directly owned 115,380 shares of the company’s stock, valued at approximately $13,096,783.80. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,901 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total transaction of $215,307.26. Following the sale, the general counsel owned 30,545 shares of the company’s stock, valued at approximately $3,459,526.70. This represents a 5.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,939 shares of company stock worth $1,676,291 over the last quarter. 15.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osbon Capital Management LLC bought a new position in Duolingo in the 4th quarter valued at approximately $84,000. Caitong International Asset Management Co. Ltd purchased a new stake in Duolingo during the 4th quarter valued at $73,000. Virtu Financial LLC bought a new stake in shares of Duolingo in the 4th quarter worth $4,282,000. Alpine Woods Capital Investors LLC bought a new stake in shares of Duolingo in the 4th quarter worth $333,000. Finally, Vident Advisory LLC raised its stake in shares of Duolingo by 5.8% in the fourth quarter. Vident Advisory LLC now owns 2,647 shares of the company’s stock worth $465,000 after purchasing an additional 145 shares during the last quarter. 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.