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

Duolingo, Inc. (NASDAQ:DUOL) has received an average rating of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $206.3158.

A number of equities research analysts recently weighed in on DUOL shares. Truist Financial lowered Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Friday, February 27th. BMO Capital Markets upgraded Duolingo to a “buy” rating in a report on Monday, January 12th. Barclays lowered their price objective on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Scotiabank reiterated a “sector perform” rating and issued a $100.00 price objective (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. Finally, Jefferies Financial Group lifted their target price on shares of Duolingo from $210.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, December 11th.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 3,545 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $113.51, for a total value of $402,392.95. Following the completion of the sale, the insider directly owned 115,380 shares in the company, valued at $13,096,783.80. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Meese sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total value of $110,060.00. Following the transaction, the insider directly owned 122,636 shares of the company’s stock, valued at approximately $13,497,318.16. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,939 shares of company stock valued at $1,676,291 in the last quarter. Insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Duolingo by 3.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after acquiring an additional 32 shares during the period. Evergreen Capital Management LLC boosted its stake in Duolingo by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after acquiring an additional 39 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in Duolingo by 22.2% in the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 220 shares of the company’s stock worth $71,000 after purchasing an additional 40 shares during the period. Farther Finance Advisors LLC increased its stake in Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. Finally, Smithfield Trust Co increased its stake in Duolingo by 35.4% in the third quarter. Smithfield Trust Co now owns 237 shares of the company’s stock valued at $76,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Up 4.7%

Shares of Duolingo stock opened at $98.57 on Wednesday. The firm’s 50 day moving average is $112.60 and its 200 day moving average is $190.40. The firm has a market capitalization of $4.56 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.66 and a beta of 0.90. Duolingo has a 1 year low of $91.61 and a 1 year high of $544.93. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 26th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The firm had revenue of $282.87 million for the quarter, compared to analyst estimates of $275.95 million. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. Equities research analysts forecast that Duolingo will post 2.03 earnings per share for the current fiscal year.

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.