Duolingo’s (DUOL) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Duolingo (NASDAQ:DUOL) in a research report sent to investors on Tuesday, Benzinga reports. The firm currently has a $250.00 price target on the stock.

A number of other equities research analysts have also weighed in on DUOL. Barclays cut their target price on shares of Duolingo from $230.00 to $183.00 and set an equal weight rating on the stock in a research note on Friday, August 9th. Piper Sandler reiterated an overweight rating and set a $271.00 target price on shares of Duolingo in a report on Friday, August 30th. JMP Securities restated a market outperform rating and issued a $260.00 target price on shares of Duolingo in a research note on Wednesday, July 10th. Needham & Company LLC reduced their price target on Duolingo from $267.00 to $245.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Finally, Evercore ISI raised Duolingo to a strong-buy rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Duolingo has a consensus rating of Moderate Buy and a consensus target price of $237.40.

Duolingo Trading Up 2.6 %

DUOL opened at $228.96 on Tuesday. Duolingo has a one year low of $140.16 and a one year high of $251.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The business has a 50 day simple moving average of $192.02 and a two-hundred day simple moving average of $202.58. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 236.04 and a beta of 0.75.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. Analysts predict that Duolingo will post 1.87 EPS for the current year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Matthew Skaruppa sold 14,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at $18,432,288.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,555 shares of company stock valued at $18,302,871. Insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. increased its position in shares of Duolingo by 5.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock valued at $231,000 after purchasing an additional 55 shares during the last quarter. 9258 Wealth Management LLC increased its stake in shares of Duolingo by 4.4% in the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after purchasing an additional 65 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after purchasing an additional 73 shares during the period. Nisa Investment Advisors LLC lifted its position in Duolingo by 19.5% during the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after purchasing an additional 85 shares in the last quarter. Finally, Strategic Advocates LLC grew its holdings in Duolingo by 8.3% during the second quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock valued at $240,000 after purchasing an additional 88 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.