Duolingo, Inc. (NASDAQ:DUOL) Given Average Rating of “Moderate Buy” by Brokerages

Duolingo, Inc. (NASDAQ:DUOL) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $372.92.

A number of equities research analysts have recently issued reports on the company. UBS Group dropped their price target on Duolingo from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday. Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Needham & Company LLC lifted their price target on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Piper Sandler upped their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, DA Davidson lifted their target price on shares of Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $292.43, for a total value of $2,924,300.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $21,054.96. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Insiders have sold 94,868 shares of company stock worth $32,042,420 over the last three months. Company insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DUOL. Kensington Investment Counsel LLC raised its holdings in shares of Duolingo by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after purchasing an additional 30 shares in the last quarter. Lido Advisors LLC raised its stake in Duolingo by 0.3% in the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after buying an additional 30 shares in the last quarter. Atria Investments Inc raised its stake in Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after buying an additional 39 shares in the last quarter. Lisanti Capital Growth LLC lifted its holdings in Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after buying an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Trading Up 3.9 %

Shares of DUOL stock opened at $329.35 on Wednesday. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The firm has a market capitalization of $14.90 billion, a P/E ratio of 179.97 and a beta of 0.91. The stock’s fifty day moving average is $339.41 and its two-hundred day moving average is $328.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Research analysts expect that Duolingo will post 2.03 earnings per share for the current fiscal year.

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.