Duolingo, Inc. (NASDAQ:DUOL) Receives $235.11 Consensus PT from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $235.11.

A number of analysts recently weighed in on DUOL shares. JPMorgan Chase & Co. started coverage on Duolingo in a research report on Monday, March 11th. They issued an “overweight” rating and a $270.00 target price for the company. The Goldman Sachs Group boosted their target price on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research report on Thursday, February 29th. Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. Bank of America boosted their price objective on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC boosted their price objective on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research report on Thursday, February 29th.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total value of $1,786,200.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $12,860.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Ahn Luis Von sold 22,023 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $220.26, for a total value of $4,850,785.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total value of $1,786,200.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at $12,860.64. The disclosure for this sale can be found here. Insiders sold a total of 143,223 shares of company stock worth $29,680,535 over the last quarter. 19.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. boosted its position in shares of Duolingo by 5.0% during the third quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock valued at $744,529,000 after buying an additional 213,552 shares during the last quarter. Durable Capital Partners LP boosted its position in shares of Duolingo by 10.1% during the fourth quarter. Durable Capital Partners LP now owns 4,156,738 shares of the company’s stock valued at $295,669,000 after buying an additional 379,844 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Duolingo by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 3,320,429 shares of the company’s stock valued at $753,239,000 after buying an additional 129,290 shares during the last quarter. BlackRock Inc. boosted its position in shares of Duolingo by 15.0% during the second quarter. BlackRock Inc. now owns 2,323,082 shares of the company’s stock valued at $332,061,000 after buying an additional 303,206 shares during the last quarter. Finally, Whale Rock Capital Management LLC lifted its holdings in Duolingo by 0.7% in the second quarter. Whale Rock Capital Management LLC now owns 1,328,760 shares of the company’s stock valued at $189,933,000 after acquiring an additional 8,668 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Down 1.1 %

DUOL stock opened at $218.21 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $9.36 billion, a PE ratio of 641.81 and a beta of 0.84. Duolingo has a twelve month low of $116.82 and a twelve month high of $245.87. The stock has a 50-day simple moving average of $203.10 and a two-hundred day simple moving average of $196.67.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The company had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. On average, equities analysts predict that Duolingo will post 1.38 EPS 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.