Duolingo, Inc. (NASDAQ:DUOL) Receives $206.32 Consensus Price Target from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given a consensus recommendation of “Hold” by the twenty-three brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $206.1579.

Several research firms have recently commented on DUOL. Bank of America reissued a “neutral” rating and set a $100.00 price target on shares of Duolingo in a research note on Friday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of Duolingo from $95.00 to $92.00 and set a “neutral” rating for the company in a research report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and set a $100.00 price objective (down from $245.00) on shares of Duolingo in a report on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. Finally, Barclays lowered their target price on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd.

Insiders Place Their Bets

In other Duolingo news, insider Robert Meese sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total transaction of $110,060.00. Following the transaction, the insider directly owned 122,636 shares in the company, valued at approximately $13,497,318.16. This represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 3,545 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95. Following the completion of the transaction, the insider directly owned 115,380 shares in the company, valued at $13,096,783.80. This trade represents a 2.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,939 shares of company stock valued at $1,676,291 over the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. boosted its stake in Duolingo by 71.9% in the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after acquiring an additional 2,033,611 shares during the last quarter. Dragoneer Investment Group LLC raised its position in shares of Duolingo by 324.4% during the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock valued at $508,760,000 after acquiring an additional 1,208,346 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Duolingo by 5,800.0% in the 4th quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock valued at $98,368,000 after purchasing an additional 551,000 shares during the period. FIL Ltd lifted its stake in shares of Duolingo by 1,715,575.9% in the 4th quarter. FIL Ltd now owns 497,546 shares of the company’s stock valued at $87,319,000 after purchasing an additional 497,517 shares during the period. Finally, Norges Bank bought a new position in shares of Duolingo in the 4th quarter worth $86,159,000. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $102.63 on Friday. The business has a fifty day moving average of $101.38 and a 200-day moving average of $168.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.61 and a current ratio of 2.61. Duolingo has a twelve month low of $87.89 and a twelve month high of $544.93. The firm has a market cap of $4.74 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 0.73 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.12. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The business had revenue of $282.87 million for the quarter, compared to the consensus estimate of $275.95 million. The business’s revenue for the quarter was up 35.0% on a year-over-year basis. On average, equities research analysts predict that Duolingo will post 3.08 EPS for the current fiscal year.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.