Duolingo (NASDAQ:DUOL) Earns “Neutral” Rating from Wedbush

Duolingo (NASDAQ:DUOL)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a research note issued on Thursday,Benzinga reports. They currently have a $139.00 price objective on the stock. Wedbush’s target price points to a potential upside of 5.93% from the company’s current price.

A number of other research analysts have also recently issued reports on DUOL. JPMorgan Chase & Co. raised their price objective on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Jefferies Financial Group raised their target price on shares of Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a report on Tuesday. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. KeyCorp reissued a “sector weight” rating on shares of Duolingo in a research report on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $163.78.

Duolingo Trading Up 2.2%

Shares of DUOL opened at $131.22 on Thursday. Duolingo has a twelve month low of $87.89 and a twelve month high of $468.00. The stock has a market cap of $6.11 billion, a PE ratio of 15.10, a P/E/G ratio of 1.00 and a beta of 0.88. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $118.12 and its 200-day moving average price is $119.56.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $288.60 million. During the same period in the prior year, the business earned $0.72 earnings per share. Duolingo’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, equities analysts forecast that Duolingo will post 2.76 EPS for the current fiscal year.

Insider Activity at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction dated 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. This represents a 3.61% decrease in their ownership of the stock. The sale 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 Natalie Glance sold 3,360 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the transaction, the insider owned 173,401 shares of the company’s stock, valued at $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold 9,506 shares of company stock worth $1,073,864 over the last 90 days. 16.62% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. raised its stake in Duolingo by 71.9% during the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after buying an additional 2,033,611 shares during the last quarter. Capital World Investors increased its position in shares of Duolingo by 0.5% during the 4th quarter. Capital World Investors now owns 2,241,378 shares of the company’s stock valued at $393,362,000 after purchasing an additional 11,140 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Duolingo by 511.2% in the 1st quarter. Bank of America Corp DE now owns 1,332,301 shares of the company’s stock worth $131,325,000 after purchasing an additional 1,114,315 shares during the period. State of Michigan Retirement System grew its position in Duolingo by 112.9% during the first quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company’s stock valued at $117,624,000 after buying an additional 632,807 shares during the period. Finally, State Street Corp raised its position in Duolingo by 0.5% in the second quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after acquiring an additional 6,109 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.