Duolingo, Inc. (NASDAQ:DUOL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL) have received an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $420.6316.

Several research firms have recently weighed in on DUOL. UBS Group restated an “overweight” rating on shares of Duolingo in a research report on Thursday, May 22nd. Wells Fargo & Company began coverage on shares of Duolingo in a research report on Monday, September 8th. They set an “underweight” rating and a $239.00 price objective on the stock. Baird R W upgraded shares of Duolingo to a “hold” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a research report on Tuesday, August 26th.

Duolingo Stock Down 0.5%

Shares of NASDAQ:DUOL opened at $307.91 on Friday. The firm has a fifty day moving average price of $337.69 and a two-hundred day moving average price of $379.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. Duolingo has a one year low of $225.26 and a one year high of $544.93. The company has a market cap of $14.11 billion, a price-to-earnings ratio of 126.71, a PEG ratio of 2.06 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. The firm had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Analysts anticipate that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the transaction, the chief financial officer owned 43,345 shares in the company, valued at $13,757,269.55. This trade represents a 20.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 2,533 shares of Duolingo stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $833,432.99. Following the completion of the transaction, the insider owned 122,112 shares in the company, valued at approximately $40,178,511.36. The trade was a 2.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,508 shares of company stock worth $28,428,221 in the last 90 days. 15.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duolingo

A number of large investors have recently added to or reduced their stakes in DUOL. T. Rowe Price Investment Management Inc. grew its holdings in Duolingo by 110.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock worth $307,716,000 after acquiring an additional 520,069 shares during the last quarter. Norges Bank bought a new stake in shares of Duolingo during the 2nd quarter valued at about $192,965,000. Invesco Ltd. boosted its stake in shares of Duolingo by 24.1% during the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after purchasing an additional 261,212 shares in the last quarter. GAMMA Investing LLC boosted its stake in Duolingo by 41,959.1% during the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock worth $74,448,000 after acquiring an additional 239,167 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Duolingo by 105.9% during the second quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock worth $170,249,000 after acquiring an additional 213,529 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.