Duolingo, Inc. (NASDAQ:DUOL) Given Average Recommendation of “Moderate Buy” by Brokerages

Duolingo, Inc. (NASDAQ:DUOL) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $372.92.

Several research firms recently issued reports on DUOL. Piper Sandler upped their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. DA Davidson increased their price target on shares of Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Needham & Company LLC lifted their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock.

Duolingo Trading Down 0.5 %

NASDAQ:DUOL opened at $325.17 on Wednesday. The company has a market cap of $14.71 billion, a P/E ratio of 177.69 and a beta of 0.91. Duolingo has a twelve month low of $145.05 and a twelve month high of $441.77. The business has a 50 day moving average price of $336.82 and a two-hundred day moving average price of $329.30. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. As a group, analysts expect that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $24,044.40. The trade was a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 2,667 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,868 shares of company stock valued at $29,474,420. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after buying an additional 1,063,327 shares during the period. Norges Bank bought a new stake in shares of Duolingo during the 4th quarter valued at $152,296,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after purchasing an additional 398,259 shares in the last quarter. Invesco Ltd. increased its position in shares of Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after purchasing an additional 378,225 shares during the period. Finally, GAMMA Investing LLC raised its stake in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock valued at $74,448,000 after purchasing an additional 239,167 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

About Duolingo

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.