Duolingo (NASDAQ:DUOL) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Duolingo (NASDAQ:DUOL) from a sell rating to a hold rating in a research report released on Sunday morning.

Several other analysts have also commented on the company. Scotiabank set a $120.00 price objective on Duolingo in a report on Thursday, August 6th. Truist Financial upped their target price on Duolingo from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Morgan Stanley increased their target price on Duolingo from $95.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Barclays boosted their price target on shares of Duolingo from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Duolingo currently has a consensus rating of “Hold” and an average target price of $148.12.

Duolingo Stock Performance

DUOL stock opened at $132.83 on Friday. Duolingo has a 52-week low of $87.89 and a 52-week high of $371.63. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.22 billion, a P/E ratio of 15.74, a PEG ratio of 1.07 and a beta of 0.87. The company’s 50-day simple moving average is $128.38 and its 200-day simple moving average is $114.35.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. The firm had revenue of $298.45 million during the quarter, compared to analyst estimates of $295.58 million. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.Duolingo’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, equities analysts forecast that Duolingo will post 2.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Duolingo by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after purchasing an additional 32 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of Duolingo by 5.0% in the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after buying an additional 39 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Duolingo by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after buying an additional 73 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Duolingo by 1.2% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,953 shares of the company’s stock valued at $1,571,000 after buying an additional 105 shares during the period. Finally, Diversify Wealth Management LLC raised its holdings in shares of Duolingo by 3.7% in the 4th quarter. Diversify Wealth Management LLC now owns 3,139 shares of the company’s stock valued at $520,000 after buying an additional 111 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.