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

Duolingo, Inc. (NASDAQ:DUOL) has earned a consensus recommendation of “Hold” from the twenty-two analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $329.4444.

DUOL has been the subject of several research reports. Baird R W raised Duolingo to a “hold” rating in a research note on Friday, September 5th. Scotiabank cut their target price on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Duolingo from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. JPMorgan Chase & Co. dropped their price objective on shares of Duolingo from $465.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 8th.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,514 shares of the business’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 owned 31,542 shares of the company’s stock, valued at $5,547,291.54. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 2,471 shares of the firm’s stock in a transaction that occurred on 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 owned 111,166 shares in the company, valued at approximately $19,541,871.14. This trade represents a 2.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 76,452 shares of company stock valued at $18,736,132. 18.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Kiker Wealth Management LLC purchased a new stake in shares of Duolingo during the 2nd quarter worth about $31,000. Rise Advisors LLC lifted its holdings in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Duolingo in the 1st quarter valued at $28,000. Brooklyn Investment Group raised its position in Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Duolingo during the second quarter worth about $40,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

DUOL stock opened at $196.28 on Monday. The firm has a 50 day moving average of $242.89 and a 200-day moving average of $324.64. Duolingo has a 12-month low of $166.27 and a 12-month high of $544.93. 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 $9.07 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.23 and a beta of 0.86.

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