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

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $451.3529.

Several equities analysts recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Citigroup began coverage on Duolingo in a research note on Monday. They set a “buy” rating and a $400.00 price objective on the stock. Barclays increased their target price on Duolingo from $375.00 to $390.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Wall Street Zen raised Duolingo from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Argus assumed coverage on Duolingo in a report on Wednesday, June 25th. They issued a “buy” rating and a $575.00 price target for the company.

Insiders Place Their Bets

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $344.41, for a total value of $3,444,100.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at approximately $24,797.52. This trade represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Skaruppa sold 2,797 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $920,296.91. Following the completion of the sale, the chief financial officer directly owned 52,904 shares of the company’s stock, valued at approximately $17,407,003.12. This represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,056 shares of company stock worth $23,589,966. Company insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nomura Holdings Inc. bought a new stake in Duolingo during the second quarter valued at $957,000. Caxton Associates LLP acquired a new position in shares of Duolingo in the 2nd quarter valued at about $1,374,000. Public Sector Pension Investment Board bought a new stake in shares of Duolingo during the 2nd quarter valued at about $11,358,000. FORA Capital LLC bought a new stake in shares of Duolingo during the 2nd quarter valued at about $4,385,000. Finally, Evergreen Capital Management LLC raised its stake in Duolingo by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after acquiring an additional 39 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Up 12.9%

Shares of NASDAQ:DUOL opened at $369.19 on Tuesday. The stock has a 50-day simple moving average of $389.38 and a 200-day simple moving average of $392.20. The stock has a market capitalization of $16.92 billion, a P/E ratio of 151.93, a PEG ratio of 2.18 and a beta of 0.87. Duolingo has a 1 year low of $201.02 and a 1 year high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. During the same period in the previous year, the firm earned $0.51 earnings per share. Duolingo’s revenue for the quarter was up 41.5% on a year-over-year basis. Equities analysts forecast that Duolingo will post 2.03 earnings per share for the current year.

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.