Duolingo (DUOL) Projected to Post Quarterly Earnings on Thursday

Duolingo (NASDAQ:DUOL) is expected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $205.49 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Duolingo Stock Up 1.2 %

NASDAQ:DUOL opened at $389.90 on Tuesday. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 213.06 and a beta of 0.89. Duolingo has a 1-year low of $145.05 and a 1-year high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is $357.79 and its 200 day moving average price is $306.82.

Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DUOL. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on 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 lowered Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Needham & Company LLC upped their target price on Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, UBS Group upped their target price on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

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.