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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $355.55.

A number of analysts have recently weighed in on DUOL shares. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Needham & Company LLC upped their price target on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Jefferies Financial Group assumed coverage on shares of Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,124 shares of company stock worth $95,033,738. 18.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DUOL. Dimensional Fund Advisors LP increased its stake in Duolingo by 44.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 88,410 shares of the company’s stock valued at $18,448,000 after buying an additional 27,090 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after buying an additional 73 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Duolingo by 80.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,879 shares of the company’s stock valued at $392,000 after buying an additional 836 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Duolingo during the 2nd quarter worth $1,162,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Duolingo during the 2nd quarter worth $1,865,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

NASDAQ DUOL opened at $363.28 on Friday. Duolingo has a 52 week low of $145.05 and a 52 week high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 198.51 and a beta of 0.87. The company has a 50-day moving average price of $341.07 and a two-hundred day moving average price of $277.82.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the prior year, the firm earned $0.06 EPS. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. Analysts forecast that Duolingo will post 2.03 EPS for the current 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.