Shares of Duolingo, Inc. (NYSE:DUOL – Get Free Report) have earned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $176.78.
A number of analysts recently issued reports on DUOL shares. The Goldman Sachs Group upped their target price on Duolingo from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. Bank of America reaffirmed a “neutral” rating and set a $188.00 price objective on shares of Duolingo in a research note on Thursday, October 19th. Evercore ISI upped their price objective on Duolingo from $180.00 to $200.00 in a research note on Thursday, October 12th. UBS Group began coverage on Duolingo in a research note on Thursday, September 28th. They set a “buy” rating and a $195.00 price objective for the company. Finally, Needham & Company LLC increased their target price on Duolingo from $160.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th.
Insider Transactions at Duolingo
In other news, major shareholder Durable Capital Partners Lp sold 16,188 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $159.63, for a total transaction of $2,584,090.44. Following the completion of the sale, the insider now owns 3,788,135 shares in the company, valued at approximately $604,699,990.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Stephen C. Chen sold 988 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $209.78, for a total value of $207,262.64. Following the completion of the sale, the general counsel now owns 35,033 shares of the company’s stock, valued at $7,349,222.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Durable Capital Partners Lp sold 16,188 shares of Duolingo stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $159.63, for a total transaction of $2,584,090.44. Following the sale, the insider now directly owns 3,788,135 shares of the company’s stock, valued at approximately $604,699,990.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 352,388 shares of company stock valued at $70,214,180. 19.85% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Duolingo
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Durable Capital Partners LP lifted its stake in Duolingo by 59.8% in the 1st quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company’s stock valued at $308,922,000 after purchasing an additional 1,215,144 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Duolingo by 605.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company’s stock valued at $98,596,000 after purchasing an additional 966,604 shares during the last quarter. Vanguard Group Inc. lifted its stake in Duolingo by 24.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock valued at $224,510,000 after purchasing an additional 468,057 shares during the last quarter. Norges Bank bought a new position in Duolingo in the 4th quarter valued at approximately $32,403,000. Finally, BlackRock Inc. increased its position in Duolingo by 95.6% in the 1st quarter. BlackRock Inc. now owns 822,978 shares of the company’s stock valued at $78,275,000 after acquiring an additional 402,222 shares during the period. 76.93% of the stock is owned by institutional investors.
Duolingo Price Performance
NYSE:DUOL opened at $212.01 on Monday. Duolingo has a 52 week low of $78.10 and a 52 week high of $245.87. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $8.91 billion, a P/E ratio of -785.22 and a beta of 0.76. The stock’s fifty day moving average is $216.76 and its two-hundred day moving average is $173.71.
Duolingo (NYSE:DUOL – Get Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.14. Duolingo had a negative return on equity of 1.72% and a negative net margin of 2.06%. The firm had revenue of $137.60 million for the quarter, compared to the consensus estimate of $132.14 million. During the same quarter in the previous year, the business earned ($0.46) EPS. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. Equities analysts expect that Duolingo will post 0.26 EPS for the current year.
Duolingo Company Profile
Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.