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

Duolingo, Inc. (NASDAQ:DUOL) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $355.55.

A number of equities analysts have recently commented on DUOL shares. UBS Group raised their target price on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday. Scotiabank started coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. Needham & Company LLC raised their target price on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Skaruppa sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now directly owns 67,730 shares of the company’s stock, valued at approximately $21,977,030.40. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 281,124 shares of company stock valued at $95,033,738 in the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DUOL. FMR LLC grew its position in shares of Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the last quarter. State Street Corp grew its position in shares of Duolingo by 3.6% during the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after buying an additional 36,923 shares during the last quarter. Dragoneer Investment Group LLC bought a new stake in shares of Duolingo during the 2nd quarter valued at about $204,768,000. Geode Capital Management LLC grew its position in shares of Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after buying an additional 16,481 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after buying an additional 353,918 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Up 1.3 %

Shares of DUOL opened at $363.28 on Friday. The firm has a market cap of $15.98 billion, a PE ratio of 198.51 and a beta of 0.87. The company’s fifty day moving average is $341.07 and its two-hundred day moving average is $277.82. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 39.9% compared to the same quarter last year. Analysts forecast that Duolingo will post 2.03 earnings per share for the current 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.