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

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) has earned a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twenty have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $152.2941.

Several analysts have weighed in on the stock. Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $94.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. DA Davidson reiterated a “neutral” rating and set a $120.00 price objective on shares of Duolingo in a research note on Monday, June 29th. Finally, Wells Fargo & Company increased their price objective on shares of Duolingo from $81.00 to $82.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 7th.

Check Out Our Latest Research Report on Duolingo

Insider Activity

In other news, insider Robert Meese sold 1,420 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the sale, the insider directly owned 170,745 shares in the company, valued at approximately $19,150,759.20. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, insider Natalie Glance sold 3,360 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the sale, the insider owned 173,401 shares in the company, valued at $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 9,506 shares of company stock valued at $1,073,864. 16.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Duolingo

Several large investors have recently added to or reduced their stakes in DUOL. EFG International AG acquired a new position in shares of Duolingo during the fourth quarter valued at $26,000. Globeflex Capital L P acquired a new stake in shares of Duolingo in the 2nd quarter worth about $77,000. AlphaCentric Advisors LLC bought a new stake in Duolingo in the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise bought a new stake in Duolingo in the 3rd quarter valued at about $70,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Duolingo during the 2nd quarter valued at about $89,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Performance

DUOL stock opened at $135.80 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.33 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.03 and a beta of 0.87. Duolingo has a 12-month low of $87.89 and a 12-month high of $468.00. The stock’s 50 day simple moving average is $123.92 and its 200 day simple moving average is $115.45.

Duolingo (NASDAQ:DUOLGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. The firm had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. As a group, equities research analysts predict that Duolingo will post 2.81 EPS for the current year.

About Duolingo

(Get Free Report)

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.

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Analyst Recommendations for Duolingo (NASDAQ:DUOL)

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