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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned a consensus recommendation of “Hold” from the twenty-four brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $309.75.

Several equities research analysts have issued reports on DUOL shares. Barclays cut their price objective on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their price target on Duolingo from $465.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. KeyCorp downgraded Duolingo from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 6th. Jefferies Financial Group increased their price objective on Duolingo from $210.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, December 11th. Finally, Wells Fargo & Company reduced their target price on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a research report on Thursday.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $173.87 on Friday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. Duolingo has a twelve month low of $166.27 and a twelve month high of $544.93. The business’s 50 day moving average price is $191.38 and its two-hundred day moving average price is $285.46. The company has a market cap of $8.04 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.93 and a beta of 0.87.

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

Insider Buying and Selling

In other news, insider Natalie Glance sold 2,471 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 111,166 shares in the company, valued at approximately $19,541,871.14. This represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 3,059 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total value of $537,649.84. Following the completion of the transaction, the chief financial officer owned 37,487 shares in the company, valued at $6,588,715.12. The trade was a 7.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 53,169 shares of company stock valued at $11,605,151. 15.67% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

Several hedge funds and other institutional investors have recently made changes to their positions in DUOL. Vanguard Group Inc. raised its holdings in Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after buying an additional 116,135 shares during the last quarter. Baillie Gifford & Co. increased its position in Duolingo by 28.6% in the 3rd quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock valued at $910,110,000 after acquiring an additional 628,943 shares during the period. Dragoneer Investment Group LLC raised its stake in shares of Duolingo by 324.4% during the third quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock valued at $508,760,000 after acquiring an additional 1,208,346 shares during the last quarter. State Street Corp lifted its holdings in shares of Duolingo by 0.5% during the second quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after purchasing an additional 6,109 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Duolingo by 3.2% during the second quarter. Geode Capital Management LLC now owns 759,956 shares of the company’s stock worth $311,930,000 after purchasing an additional 23,356 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Company Profile

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.