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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given an average recommendation of “Hold” by the twenty-three research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twenty have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $152.2941.

Several equities research analysts have weighed in on DUOL shares. Morgan Stanley lifted their price target on shares of Duolingo from $95.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. KeyCorp reissued a “sector weight” rating on shares of Duolingo in a research report on Thursday, June 4th. Weiss Ratings raised Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Duolingo in a research note on Tuesday, May 5th. Finally, UBS Group reiterated a “neutral” rating on shares of Duolingo in a report on Wednesday, June 17th.

Duolingo Stock Performance

Shares of DUOL stock opened at $134.81 on Tuesday. The firm has a 50 day moving average of $123.33 and a 200-day moving average of $115.99. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.03 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. Duolingo has a 52 week low of $87.89 and a 52 week high of $468.00.

Duolingo (NASDAQ:DUOL) last released its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. Duolingo’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. On average, equities analysts forecast that Duolingo will post 2.81 earnings per share for the current year.

Insider Activity

In related news, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $159,267.20. Following the completion of the sale, the insider owned 170,745 shares of the company’s stock, valued at approximately $19,150,759.20. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of Duolingo stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the completion of the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their position. 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 sold a total of 9,506 shares of company stock worth $1,073,864 over the last quarter. 16.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Duolingo by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after acquiring an additional 32 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after acquiring an additional 39 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Duolingo by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after purchasing an additional 73 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Duolingo by 1.2% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,953 shares of the company’s stock valued at $1,571,000 after purchasing an additional 105 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in Duolingo by 3.7% during the 4th quarter. Diversify Wealth Management LLC now owns 3,139 shares of the company’s stock valued at $520,000 after purchasing an additional 111 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Company Profile

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.