Duolingo, Inc. (NASDAQ:DUOL) Receives $175.41 Consensus PT from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned an average rating of “Hold” from the twenty-two research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $170.8235.

DUOL has been the subject of a number of recent analyst reports. Argus reaffirmed a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Weiss Ratings raised Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Morgan Stanley dropped their price target on Duolingo from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised their price target on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Duolingo in a research report on Monday, June 29th.

Duolingo Stock Up 1.9%

Shares of DUOL stock opened at $129.95 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The firm’s 50-day moving average is $116.31 and its 200-day moving average is $121.03. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.99 and a beta of 0.88. Duolingo has a 52-week low of $87.89 and a 52-week high of $468.00.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $291.97 million during the quarter, compared to analysts’ expectations of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.Duolingo’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. Sell-side analysts predict that Duolingo will post 2.76 EPS for the current year.

Insider Activity

In related news, insider Natalie Glance sold 3,360 shares of Duolingo 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 sale, the insider owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the transaction, the insider owned 170,745 shares in the company, valued at approximately $19,150,759.20. This trade represents a 0.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,506 shares of company stock valued at $1,073,864 over the last ninety days. 16.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently bought and sold shares of DUOL. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Duolingo by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after purchasing an additional 32 shares during the period. Evergreen Capital Management LLC lifted its holdings in 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 purchasing an additional 39 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Duolingo by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after purchasing an additional 73 shares during the period. Diversified Trust Co. boosted its stake in Duolingo by 4.5% in the 4th quarter. Diversified Trust Co. now owns 2,166 shares of the company’s stock valued at $380,000 after purchasing an additional 93 shares during the period. Finally, Huntington National Bank grew its holdings in Duolingo by 103.0% in the 3rd quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $66,000 after buying an additional 104 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

About Duolingo

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.