Duolingo, Inc. (NASDAQ:DUOL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL) have received an average rating of “Hold” from the twenty-two brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $195.9444.

DUOL has been the topic of a number of research analyst reports. Weiss Ratings downgraded Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Argus reiterated a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. Morgan Stanley cut their price target on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 5th. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Duolingo in a research report on Tuesday, May 5th.

Insider Activity at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.61, for a total value of $224,606.97. Following the transaction, the general counsel directly owned 52,807 shares of the company’s stock, valued at $5,999,403.27. This represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the transaction, the insider owned 170,745 shares in the company, valued at $19,150,759.20. This trade represents a 0.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 9,506 shares of company stock valued at $1,073,864. Corporate insiders own 16.62% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in Duolingo by 1,868.2% during the first quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after purchasing an additional 411 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Duolingo by 123.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after purchasing an additional 48,451 shares during the last quarter. Focus Partners Wealth increased its position in Duolingo by 28.3% in the 1st quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock valued at $628,000 after acquiring an additional 446 shares during the period. Amundi raised its stake in shares of Duolingo by 142.1% during the second quarter. Amundi now owns 26,075 shares of the company’s stock valued at $10,352,000 after purchasing an additional 15,306 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new stake in shares of Duolingo in the 2nd quarter worth approximately $205,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $109.03 on Monday. The stock has a market cap of $5.08 billion, a P/E ratio of 12.55, a P/E/G ratio of 0.69 and a beta of 0.89. The stock has a 50 day moving average of $103.65 and a two-hundred day moving average of $131.57. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. Duolingo has a twelve month low of $87.89 and a twelve month high of $540.30.

Duolingo (NASDAQ:DUOL) last released its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, research analysts forecast that Duolingo will post 3.39 earnings per share for the current year.

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.