Duolingo, Inc. (NASDAQ:DUOL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Duolingo, Inc. (NASDAQ:DUOL) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $255.50.

A number of analysts have recently weighed in on DUOL shares. Piper Sandler restated an “overweight” rating and issued a $271.00 target price on shares of Duolingo in a report on Friday, August 30th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research started coverage on Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Needham & Company LLC increased their price target on Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Bank of America lifted their price objective on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday.

Duolingo Trading Up 0.0 %

DUOL stock opened at $278.03 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. Duolingo has a 1-year low of $140.16 and a 1-year high of $297.56. The business has a 50 day simple moving average of $208.21 and a two-hundred day simple moving average of $206.23. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 286.63 and a beta of 0.76.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. Research analysts anticipate that Duolingo will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction on Monday, July 1st. The stock was sold at an average price of $198.59, for a total transaction of $1,588,720.00. Following the completion of the sale, the chief financial officer now directly owns 95,731 shares in the company, valued at $19,011,219.29. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.59, for a total value of $1,588,720.00. Following the transaction, the chief financial officer now owns 95,731 shares of the company’s stock, valued at approximately $19,011,219.29. 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 Duolingo stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total transaction of $242,670.00. Following the sale, the insider now owns 144,282 shares of the company’s stock, valued at approximately $23,341,941.96. The disclosure for this sale can be found here. Insiders have sold 106,374 shares of company stock valued at $22,019,727 in the last quarter. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of Duolingo in the 2nd quarter worth $32,000. Larson Financial Group LLC bought a new stake in shares of Duolingo in the second quarter valued at about $31,000. GAMMA Investing LLC raised its holdings in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo in the second quarter worth about $36,000. Finally, Fifth Third Bancorp bought a new position in Duolingo during the 2nd quarter worth about $40,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

About Duolingo

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.