Duolingo (NASDAQ:DUOL) Research Coverage Started at Wedbush

Wedbush assumed coverage on shares of Duolingo (NASDAQ:DUOL) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $139.00 target price on the stock.

A number of other analysts also recently weighed in on DUOL. Argus reissued a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Duolingo in a research report on Tuesday, May 5th. Morgan Stanley cut their price objective on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. lifted their target price on Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $167.17.

Duolingo Stock Up 3.8%

Shares of DUOL stock opened at $133.85 on Thursday. Duolingo has a 12 month low of $87.89 and a 12 month high of $468.00. The firm has a market cap of $6.24 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.04 and a beta of 0.88. The stock has a 50 day moving average of $118.95 and a 200-day moving average of $119.29. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The business had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same quarter last year, the company posted $0.72 earnings per share. Duolingo’s quarterly revenue was up 26.5% on a year-over-year basis. On average, equities analysts predict that Duolingo will post 2.8 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares in the company, valued at $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, General Counsel Stephen C. Chen sold 1,977 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.61, for a total transaction of $224,606.97. Following the transaction, the general counsel owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. This represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 9,506 shares of company stock valued at $1,073,864 over the last quarter. Corporate insiders own 16.62% of the company’s stock.

Institutional Trading of Duolingo

Large investors have recently bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Duolingo by 3.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after purchasing an additional 32 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Duolingo by 5.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after buying an additional 39 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Duolingo by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock worth $3,778,000 after buying an additional 73 shares during the last quarter. Diversified Trust Co. boosted its holdings in shares of Duolingo by 4.5% during the 4th quarter. Diversified Trust Co. now owns 2,166 shares of the company’s stock worth $380,000 after buying an additional 93 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Duolingo by 1.2% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,953 shares of the company’s stock worth $1,571,000 after buying an additional 105 shares during the period. 91.59% of the stock is currently owned by institutional investors.

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.