Duolingo, Inc. (NASDAQ:DUOL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Duolingo, Inc. (NASDAQ:DUOL) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $422.50.

A number of equities analysts recently issued reports on DUOL shares. Barclays increased their target price on Duolingo from $330.00 to $375.00 and gave the stock an “equal weight” rating in a report on Friday. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Needham & Company LLC upped their target price on shares of Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI lifted their price target on Duolingo from $400.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Piper Sandler increased their price objective on Duolingo from $390.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday.

Duolingo Stock Up 21.6 %

Shares of NASDAQ DUOL opened at $486.42 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $22.01 billion, a PE ratio of 265.80 and a beta of 0.91. The company’s fifty day simple moving average is $326.31 and its 200 day simple moving average is $336.84. Duolingo has a 12-month low of $145.05 and a 12-month high of $487.00.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo’s quarterly revenue was up 37.6% on a year-over-year basis. As a group, sell-side analysts forecast that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total value of $1,975,000.00. Following the completion of the sale, the insider now directly owns 118,805 shares of the company’s stock, valued at $46,927,975. This trade represents a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total value of $3,914,600.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $28,185.12. This represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,868 shares of company stock worth $37,549,300. Insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently added to or reduced their stakes in DUOL. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo in the first quarter worth about $25,000. Quarry LP grew its stake in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo during the 4th quarter valued at $31,000. Garde Capital Inc. purchased a new stake in shares of Duolingo during the first quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.