What is Seaport Res Ptn’s Estimate for Duolingo Q4 Earnings?

Duolingo, Inc. (NASDAQ:DUOL) – Equities research analysts at Seaport Res Ptn increased their Q4 2024 earnings per share estimates for shares of Duolingo in a research note issued on Thursday, November 7th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will post earnings of $0.59 per share for the quarter, up from their previous forecast of $0.55. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for Duolingo’s current full-year earnings is $2.02 per share. Seaport Res Ptn also issued estimates for Duolingo’s FY2025 earnings at $3.14 EPS.

Other equities research analysts also recently issued reports about the company. Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a report on Monday, August 5th. The Goldman Sachs Group boosted their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wolfe Research initiated coverage on Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Bank of America boosted their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average target price of $325.44.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $314.33 on Monday. Duolingo has a twelve month low of $145.05 and a twelve month high of $330.61. The company has a current ratio of 3.09, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 173.90 and a beta of 0.79. The business has a 50 day simple moving average of $272.96 and a 200-day simple moving average of $222.38.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same period in the previous year, the business earned $0.06 EPS. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DUOL. Duality Advisers LP bought a new position in Duolingo during the first quarter valued at about $287,000. SG Americas Securities LLC boosted its stake in Duolingo by 261.8% during the first quarter. SG Americas Securities LLC now owns 3,640 shares of the company’s stock valued at $803,000 after buying an additional 2,634 shares in the last quarter. Swiss National Bank boosted its stake in Duolingo by 1.3% during the first quarter. Swiss National Bank now owns 60,100 shares of the company’s stock valued at $13,257,000 after buying an additional 800 shares in the last quarter. Headlands Technologies LLC boosted its stake in Duolingo by 19.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock valued at $169,000 after buying an additional 127 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in shares of Duolingo during the first quarter valued at $528,000. Institutional investors own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the completion of the transaction, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Company Profile

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.