Duolingo, Inc. (NYSE:DUOL) Receives $119.89 Average PT from Analysts

Duolingo, Inc. (NYSE:DUOLGet Rating) has earned an average recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $119.89.

DUOL has been the subject of a number of research reports. Zacks Investment Research raised shares of Duolingo from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, May 20th. JMP Securities reissued a “buy” rating and issued a $128.00 price target on shares of Duolingo in a report on Tuesday, April 5th. KeyCorp raised shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $112.00 price target for the company in a report on Monday, March 21st. Bank of America lowered their price target on shares of Duolingo from $165.00 to $135.00 in a report on Friday, May 13th. Finally, Raymond James raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $98.00 price target for the company in a report on Friday, May 13th.

NYSE DUOL opened at $83.78 on Wednesday. The firm has a market cap of $3.24 billion and a price-to-earnings ratio of -47.60. The company has a 50 day moving average of $87.51 and a 200-day moving average of $95.96. The company has a current ratio of 4.72, a quick ratio of 5.20 and a debt-to-equity ratio of 0.05. Duolingo has a 1-year low of $60.50 and a 1-year high of $204.99.

Duolingo (NYSE:DUOLGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.26. The company had revenue of $81.22 million during the quarter, compared to analyst estimates of $77.56 million. Duolingo had a negative net margin of 21.26% and a negative return on equity of 16.22%. The company’s revenue was up 46.7% on a year-over-year basis. During the same quarter last year, the business posted ($1.04) earnings per share. On average, analysts forecast that Duolingo will post -1.73 earnings per share for the current year.

In other news, SVP Natalie Glance sold 472 shares of Duolingo stock in a transaction on Monday, May 16th. The shares were sold at an average price of $90.97, for a total transaction of $42,937.84. Following the transaction, the senior vice president now directly owns 132,510 shares of the company’s stock, valued at $12,054,434.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 432 shares of Duolingo stock in a transaction on Monday, May 16th. The stock was sold at an average price of $90.97, for a total transaction of $39,299.04. Following the transaction, the chief financial officer now directly owns 56,391 shares in the company, valued at $5,129,889.27. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 629,498 shares of company stock worth $55,918,511 and sold 1,167 shares worth $106,162.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. bought a new stake in Duolingo in the 3rd quarter valued at $35,000. Prospera Financial Services Inc bought a new stake in Duolingo in the 1st quarter valued at $31,000. Daiwa Securities Group Inc. bought a new stake in Duolingo in the 4th quarter valued at $42,000. Captrust Financial Advisors lifted its position in Duolingo by 620.8% in the 1st quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock valued at $53,000 after acquiring an additional 478 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Duolingo in the 1st quarter valued at $57,000. 40.17% of the stock is currently owned by institutional investors.

About Duolingo (Get Rating)

Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.

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Analyst Recommendations for Duolingo (NYSE:DUOL)

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