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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have received an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $277.22.

A number of research firms recently issued reports on DUOL. Needham & Company LLC raised their price target on Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Barclays lowered their price objective on Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Bank of America lifted their price target on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. UBS Group lifted their price target on shares of Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th.

Insider Buying and Selling

In related news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief financial officer now directly owns 95,731 shares in the company, valued at $15,939,211.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the transaction, the insider now directly owns 144,282 shares in the company, valued at approximately $23,341,941.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the transaction, the chief financial officer now owns 95,731 shares of the company’s stock, valued at $15,939,211.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,374 shares of company stock worth $18,571,912 in the last ninety days. Insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC purchased a new stake in shares of Duolingo during the 2nd quarter valued at $31,000. Blue Trust Inc. purchased a new stake in shares of Duolingo during the 2nd quarter valued at $32,000. GAMMA Investing LLC grew its stake in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Duolingo during the 2nd quarter valued at $36,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Duolingo during the 2nd quarter valued at $40,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Performance

Shares of DUOL stock opened at $281.30 on Wednesday. The stock’s 50-day moving average is $245.16 and its two-hundred day moving average is $213.03. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 290.00 and a beta of 0.79. Duolingo has a 1 year low of $140.16 and a 1 year high of $297.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. During the same quarter last year, the company posted $0.08 earnings per share. The business’s revenue was up 40.6% on a year-over-year basis. Analysts predict that Duolingo will post 1.87 earnings per share for the current year.

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.