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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $124.3750.

Several research analysts recently weighed in on the company. Citigroup upgraded Duolingo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 18th. Wall Street Zen raised Duolingo from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. UBS Group increased their price target on Duolingo from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Jefferies Financial Group raised their price objective on Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Finally, Scotiabank set a $120.00 price objective on shares of Duolingo in a report on Thursday, August 6th.

Insider Activity at Duolingo

In other Duolingo news, Director William Gordon sold 10,000 shares of Duolingo stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $145.67, for a total transaction of $1,456,700.00. Following the completion of the sale, the director directly owned 68,415 shares in the company, valued at $9,966,013.05. This trade represents a 12.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Natalie Glance sold 2,751 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $129.13, for a total transaction of $355,236.63. Following the completion of the sale, the insider directly owned 170,650 shares in the company, valued at $22,036,034.50. This trade represents a 1.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 have sold a total of 53,032 shares of company stock valued at $7,786,498 over the last quarter. 16.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently modified their holdings of DUOL. Sequoia Financial Advisors LLC acquired a new position in Duolingo during the 2nd quarter worth about $379,000. Integrated Wealth Concepts LLC acquired a new position in Duolingo in the 2nd quarter valued at about $328,000. IFP Advisors Inc increased its stake in Duolingo by 92.9% during the second quarter. IFP Advisors Inc now owns 1,491 shares of the company’s stock worth $171,000 after purchasing an additional 718 shares during the period. Baird Financial Group Inc. increased its stake in Duolingo by 881.9% during the second quarter. Baird Financial Group Inc. now owns 69,331 shares of the company’s stock worth $7,975,000 after purchasing an additional 62,270 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Duolingo by 268.9% during the second quarter. Allworth Financial LP now owns 1,907 shares of the company’s stock worth $219,000 after purchasing an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Trading Down 1.1%

Shares of DUOL opened at $147.71 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06. Duolingo has a 12-month low of $87.89 and a 12-month high of $353.00. The firm has a 50-day moving average price of $140.46 and a 200 day moving average price of $120.23. The firm has a market capitalization of $6.91 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.23 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. The company had revenue of $298.45 million for the quarter, compared to analyst estimates of $295.58 million. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. Duolingo’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. Sell-side analysts forecast that Duolingo will post 2.62 EPS for the current year.

About Duolingo

Duolingo, Inc develops digital learning products designed to make education accessible through mobile devices and the web. Its primary product is the Duolingo language-learning platform, which offers courses in numerous languages through interactive, game-like lessons, practice exercises and personalized learning features.

The company also provides the Duolingo English Test, an online English-proficiency assessment used by educational institutions and other organizations. In addition, Duolingo has expanded beyond language learning with products such as Duolingo Math and Duolingo Music, while offering premium subscription features through plans including Super Duolingo and Duolingo Max.

Duolingo serves users internationally, with its applications and online services available across a broad range of geographies.