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

Duolingo, Inc. (NASDAQ:DUOL) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $353.90.

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. UBS Group increased their target price on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Piper Sandler lifted their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th.

Duolingo Price Performance

Shares of Duolingo stock opened at $340.06 on Monday. The firm has a market cap of $14.96 billion, a PE ratio of 185.83 and a beta of 0.85. Duolingo has a twelve month low of $145.05 and a twelve month high of $378.48. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $332.32 and a 200 day moving average price of $260.67.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s revenue was up 39.9% compared to the same quarter last year. Sell-side analysts predict that Duolingo will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at approximately $24,446.88. This represents a 99.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the sale, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 248,660 shares of company stock worth $84,364,251 in the last three months. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently made changes to their positions in DUOL. Mount Lucas Management LP lifted its holdings in shares of Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after acquiring an additional 32 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after purchasing an additional 32 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Duolingo by 3.9% during the second 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 in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the period. Finally, True Wealth Design LLC acquired a new stake in shares of Duolingo in the third quarter valued at $26,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.