Duolingo, Inc. (NASDAQ:DUOL) Receives $150.53 Average Price Target from Brokerages

Duolingo, Inc. (NASDAQ:DUOL) has earned an average recommendation of “Hold” from the twenty-three brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twenty have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $152.2941.

Several analysts have recently issued reports on the company. Scotiabank reiterated a “sector perform” rating and set a $130.00 price target on shares of Duolingo in a research note on Tuesday. Evercore set a $97.00 price objective on Duolingo in a research note on Tuesday, May 5th. UBS Group restated a “neutral” rating on shares of Duolingo in a report on Wednesday, June 17th. Jefferies Financial Group upped their target price on Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. increased their price target on Duolingo from $94.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, July 17th.

Duolingo Trading Down 4.7%

Shares of NASDAQ:DUOL opened at $133.60 on Tuesday. The stock has a market capitalization of $6.22 billion, a PE ratio of 15.37, a P/E/G ratio of 1.07 and a beta of 0.88. Duolingo has a 1 year low of $87.89 and a 1 year high of $468.00. The firm has a fifty day moving average price of $122.77 and a 200 day moving average price of $115.85. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same period in the prior year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 26.5% on a year-over-year basis. Analysts expect that Duolingo will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $159,267.20. Following the transaction, the insider owned 170,745 shares in the company, valued at $19,150,759.20. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of Duolingo stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares in the company, valued at $19,696,619.59. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last three months, insiders sold 9,506 shares of company stock valued at $1,073,864. Company insiders own 16.62% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC increased its stake in shares of Duolingo by 194.1% in the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 165 shares during the period. EFG International AG acquired a new position in shares of Duolingo during the 4th quarter worth about $26,000. AlphaCentric Advisors LLC bought a new stake in Duolingo during the 4th quarter valued at approximately $33,000. Banque Cantonale Vaudoise grew its holdings in Duolingo by 51.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 115 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Duolingo in the 2nd quarter valued at approximately $34,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Company Profile

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.