Duolingo, Inc. (NASDAQ:DUOL) Receives Average Rating of “Hold” from Analysts

Duolingo, Inc. (NASDAQ:DUOL) has received an average rating of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $206.3158.

Several equities research analysts have weighed in on DUOL shares. Evercore reaffirmed a “hold” rating and issued a $114.00 target price on shares of Duolingo in a research report on Friday, February 27th. Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Friday, February 27th. DA Davidson decreased their target price on shares of Duolingo from $170.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Bank of America restated a “neutral” rating and issued a $100.00 price target on shares of Duolingo in a research note on Friday, February 27th. Finally, Wells Fargo & Company cut their price target on Duolingo from $185.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th.

Insider Transactions at Duolingo

In other Duolingo news, Director James H. Shelton bought 5,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $99.76 per share, with a total value of $498,800.00. Following the purchase, the director directly owned 9,632 shares of the company’s stock, valued at approximately $960,888.32. The trade was a 107.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Meese sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total value of $110,060.00. Following the transaction, the insider owned 122,636 shares of the company’s stock, valued at $13,497,318.16. This trade represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 14,939 shares of company stock worth $1,676,291 over the last quarter. Insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Several large investors have recently bought and sold shares of DUOL. EFG International AG bought a new position in shares of Duolingo in the fourth quarter valued at approximately $26,000. Atlantic Union Bankshares Corp acquired a new stake in Duolingo in the third quarter worth approximately $32,000. AlphaCentric Advisors LLC acquired a new stake in Duolingo in the fourth quarter worth approximately $33,000. Farther Finance Advisors LLC boosted its stake in Duolingo by 82.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Duolingo during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

DUOL opened at $95.35 on Wednesday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $114.72 and its 200 day moving average price is $193.39. Duolingo has a fifty-two week low of $91.61 and a fifty-two week high of $544.93. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.66 and a beta of 0.90.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 26th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The company had revenue of $282.87 million during the quarter, compared to the consensus estimate of $275.95 million. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The firm’s revenue was up 35.0% on a year-over-year basis. As a group, sell-side analysts expect that Duolingo will post 2.03 earnings per share for the current year.

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.