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

Duolingo, Inc. (NASDAQ:DUOL) has received an average recommendation of “Hold” from the twenty-five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $132.0588.

Several analysts recently weighed in on the company. Barclays increased their price target on Duolingo from $110.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Bank of America lowered Duolingo from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $103.00 to $93.00 in a research report on Tuesday, August 4th. Scotiabank set a $120.00 target price on Duolingo in a research note on Thursday, August 6th. Finally, Jefferies Financial Group raised their price target on Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th.

Duolingo Stock Down 3.5%

Shares of NASDAQ:DUOL opened at $140.88 on Friday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.19 and a beta of 0.87. Duolingo has a 12 month low of $87.89 and a 12 month high of $353.00. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $131.58 and a 200 day moving average price of $115.03.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $298.45 million for the quarter, compared to the consensus estimate of $295.58 million. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, equities research analysts predict that Duolingo will post 2.64 earnings per share for the current year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,539 shares of Duolingo stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $137.80, for a total transaction of $212,074.20. Following the completion of the sale, the insider directly owned 169,111 shares in the company, valued at approximately $23,303,495.80. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,354 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $129.13, for a total transaction of $174,842.02. Following the sale, the insider directly owned 169,391 shares of the company’s stock, valued at $21,873,459.83. This represents a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 6,668 shares of company stock worth $874,382. 16.62% of the stock is currently owned by insiders.

Institutional Trading of Duolingo

Institutional investors and hedge funds have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Duolingo in the second quarter valued at approximately $1,182,000. California State Teachers Retirement System raised its position in Duolingo by 12,171.5% during the 2nd quarter. California State Teachers Retirement System now owns 5,119,655 shares of the company’s stock valued at $588,863,000 after purchasing an additional 5,077,935 shares in the last quarter. Wedmont Private Capital bought a new stake in Duolingo during the 2nd quarter valued at $435,000. HB Wealth Management LLC purchased a new stake in shares of Duolingo in the 2nd quarter worth $227,000. Finally, Odyssean LLC lifted its holdings in shares of Duolingo by 67.9% in the 2nd quarter. Odyssean LLC now owns 12,340 shares of the company’s stock worth $1,419,000 after buying an additional 4,990 shares during the period. Institutional investors own 91.59% of the company’s stock.

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.