Duolingo, Inc. to Post Q4 2024 Earnings of $0.37 Per Share, William Blair Forecasts (NASDAQ:DUOL)

Duolingo, Inc. (NASDAQ:DUOL) – Investment analysts at William Blair decreased their Q4 2024 earnings per share (EPS) estimates for Duolingo in a report released on Wednesday, August 7th. William Blair analyst R. Schackart now anticipates that the company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.51. The consensus estimate for Duolingo’s current full-year earnings is $1.74 per share. William Blair also issued estimates for Duolingo’s Q1 2025 earnings at $0.54 EPS and Q3 2025 earnings at $0.64 EPS.

Other research analysts have also issued reports about the stock. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price target for the company in a research report on Friday, July 26th. Needham & Company LLC decreased their target price on Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research began coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, DA Davidson started coverage on shares of Duolingo in a research note on Thursday, June 13th. They issued a “buy” rating and a $250.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $237.40.

Duolingo Stock Performance

NASDAQ DUOL opened at $191.54 on Monday. Duolingo has a 1 year low of $121.89 and a 1 year high of $251.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The stock has a market capitalization of $8.26 billion, a PE ratio of 197.46 and a beta of 0.72. The company’s 50 day simple moving average is $188.07 and its two-hundred day simple moving average is $198.73.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The business had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 40.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Discovery Value Fund purchased a new stake in Duolingo during the 4th quarter valued at $27,000. Larson Financial Group LLC purchased a new stake in shares of Duolingo during the second quarter worth about $31,000. Blue Trust Inc. bought a new stake in shares of Duolingo in the second quarter worth about $32,000. GAMMA Investing LLC grew its stake in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in Duolingo during the 2nd quarter valued at about $36,000. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the sale, the insider now directly owns 144,282 shares of the company’s stock, valued at $23,341,941.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Duolingo news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the sale, the insider now owns 144,282 shares of the company’s stock, valued at approximately $23,341,941.96. The disclosure for this sale can be found here. Insiders have sold a total of 44,198 shares of company stock worth $8,092,373 in the last 90 days. 18.30% of the stock is owned by company insiders.

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.