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

Duolingo, Inc. (NASDAQ:DUOL) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $245.13.

A number of research analysts recently issued reports on DUOL shares. Bank of America lifted their price target on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. UBS Group increased their target price on Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. started coverage on Duolingo in a report on Monday, March 11th. They set an “overweight” rating and a $270.00 price target for the company. The Goldman Sachs Group increased their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, February 29th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the sale, the insider now owns 124,505 shares in the company, valued at $26,812,151.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the sale, the insider now directly owns 124,505 shares of the company’s stock, valued at $26,812,151.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $218.42, for a total transaction of $2,184,200.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $15,726.24. The disclosure for this sale can be found here. Insiders have sold 113,223 shares of company stock worth $23,682,665 in the last quarter. 19.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DUOL. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Duolingo during the fourth quarter worth about $1,411,000. Raymond James & Associates purchased a new position in shares of Duolingo during the 4th quarter worth approximately $4,211,000. Cerity Partners LLC lifted its holdings in shares of Duolingo by 2,767.0% in the 4th quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock valued at $10,614,000 after buying an additional 45,157 shares during the period. Wellington Management Group LLP boosted its stake in shares of Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock valued at $99,887,000 after buying an additional 358,938 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Duolingo during the fourth quarter worth $4,374,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Performance

NASDAQ:DUOL opened at $220.53 on Wednesday. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 648.64 and a beta of 0.84. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo has a 52 week low of $116.82 and a 52 week high of $245.87. The company has a fifty day simple moving average of $210.97 and a two-hundred day simple moving average of $202.48.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. As a group, equities analysts anticipate that Duolingo will post 1.38 earnings per share for the current fiscal year.

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.