William Blair Estimates Duolingo’s Q4 Earnings (NASDAQ:DUOL)

Duolingo, Inc. (NASDAQ:DUOL) – Analysts at William Blair lifted their Q4 2024 EPS estimates for shares of Duolingo in a report released on Wednesday, November 6th. William Blair analyst R. Schackart now expects that the company will post earnings per share of $0.45 for the quarter, up from their prior estimate of $0.37. The consensus estimate for Duolingo’s current full-year earnings is $2.02 per share. William Blair also issued estimates for Duolingo’s Q1 2025 earnings at $0.65 EPS, FY2025 earnings at $3.02 EPS and FY2026 earnings at $4.11 EPS.

DUOL has been the topic of several other reports. Wolfe Research started coverage on shares of Duolingo in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. DA Davidson lifted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Barclays lifted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price objective on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Five research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $325.44.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $314.33 on Monday. The company’s fifty day moving average price is $272.96 and its 200 day moving average price is $222.38. Duolingo has a 12 month low of $145.05 and a 12 month high of $330.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.28. The firm has a market capitalization of $13.69 billion, a P/E ratio of 173.90 and a beta of 0.79.

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

Insider Activity

In other news, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,417,183.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the sale, the insider now owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the business’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 sale, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,374 shares of company stock valued at $15,802,382 over the last quarter. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of institutional investors have recently added to or reduced their stakes in DUOL. Duality Advisers LP purchased a new stake in Duolingo during the first quarter worth about $287,000. SG Americas Securities LLC raised its position in Duolingo by 261.8% during the first quarter. SG Americas Securities LLC now owns 3,640 shares of the company’s stock worth $803,000 after acquiring an additional 2,634 shares during the last quarter. Swiss National Bank raised its position in Duolingo by 1.3% during the first quarter. Swiss National Bank now owns 60,100 shares of the company’s stock worth $13,257,000 after acquiring an additional 800 shares during the last quarter. Headlands Technologies LLC raised its position in Duolingo by 19.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock worth $169,000 after acquiring an additional 127 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Duolingo during the first quarter worth about $528,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.