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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned an average recommendation of “Hold” from the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $197.6111.

A number of equities research analysts have weighed in on DUOL shares. Weiss Ratings downgraded shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Duolingo in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Argus reiterated a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Duolingo in a research note on Thursday, June 4th.

Duolingo Stock Performance

Shares of DUOL stock opened at $122.63 on Monday. Duolingo has a 1 year low of $87.89 and a 1 year high of $489.00. The firm’s fifty day simple moving average is $106.08 and its 200 day simple moving average is $129.74. The firm has a market capitalization of $5.71 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 0.93 and a beta of 0.89. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. The business’s revenue was up 26.5% compared to the same quarter last year. As a group, sell-side analysts predict that Duolingo will post 2.84 EPS for the current year.

Insider Activity

In other news, General Counsel Stephen C. Chen sold 1,977 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the sale, the general counsel owned 52,807 shares in the company, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Natalie Glance sold 3,360 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares in the company, valued at $19,696,619.59. This represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders have sold 9,506 shares of company stock worth $1,073,864. Corporate insiders own 16.62% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Duolingo in the 3rd quarter valued at $32,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Duolingo in the 3rd quarter valued at $47,000. EFG International AG acquired a new stake in shares of Duolingo in the 4th quarter valued at $26,000. Globeflex Capital L P acquired a new stake in shares of Duolingo in the 2nd quarter valued at $77,000. Finally, AlphaCentric Advisors LLC acquired a new position in Duolingo during the 4th quarter worth about $33,000. Institutional investors and hedge funds 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.