Duolingo (NASDAQ:DUOL) Given “Hold” Rating at Argus

Duolingo (NASDAQ:DUOL)‘s stock had its “hold” rating reiterated by equities research analysts at Argus in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $146.00 target price on the stock. Argus’ price objective points to a potential downside of 0.57% from the company’s previous close.

Several other research firms have also recently weighed in on DUOL. Needham & Company LLC reissued a “buy” rating and issued a $145.00 price target on shares of Duolingo in a report on Thursday, August 6th. Truist Financial upped their price objective on Duolingo from $100.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Citigroup raised shares of Duolingo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 18th. Evercore set a $105.00 target price on shares of Duolingo in a research report on Thursday, August 6th. Finally, Jefferies Financial Group increased their price target on Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $132.06.

Duolingo Stock Performance

Shares of DUOL opened at $146.84 on Tuesday. The company has a market cap of $6.87 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. The firm has a 50-day moving average of $130.87 and a 200-day moving average of $114.64. Duolingo has a one year low of $87.89 and a one year high of $353.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The business had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $295.58 million. During the same quarter last year, the company posted $0.91 earnings per share. Duolingo’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities analysts forecast that Duolingo will post 2.64 earnings per share for the current year.

Insider Activity at Duolingo

In other news, insider Natalie Glance sold 1,539 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $137.80, for a total value of $212,074.20. Following the completion of the sale, the insider owned 169,111 shares of the company’s stock, valued at approximately $23,303,495.80. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,024 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $129.13, for a total transaction of $132,229.12. Following the completion of the transaction, the general counsel owned 51,841 shares in the company, valued at $6,694,228.33. This trade represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,668 shares of company stock valued at $874,382 in the last 90 days. 16.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its holdings in Duolingo by 12,171.5% in the second quarter. California State Teachers Retirement System now owns 5,119,655 shares of the company’s stock worth $588,863,000 after purchasing an additional 5,077,935 shares during the period. Wedmont Private Capital acquired a new position in shares of Duolingo during the second quarter valued at about $435,000. HB Wealth Management LLC acquired a new position in shares of Duolingo during the second quarter valued at about $227,000. Odyssean LLC boosted its position in shares of Duolingo by 67.9% during the 2nd quarter. Odyssean LLC now owns 12,340 shares of the company’s stock worth $1,419,000 after purchasing an additional 4,990 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Duolingo during the 2nd quarter worth about $218,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.