Analysts Set Duolingo, Inc. (NASDAQ:DUOL) PT at $430.72

Key Points

• Duolingo, Inc. has received an average recommendation of "Moderate Buy" from 20 brokerage firms, with 12 analysts rating it a buy and eight giving it a hold rating.
• The company's stock closed at $271.18, and it has a market cap of $12.43 billion with a 12-month price objective averaging around $430.72.
• Duolingo reported $0.91 EPS for the last quarter, surpassing expectations and demonstrating a significant annual revenue increase of 41.5%.

Shares of Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-three research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $420.6316.

DUOL has been the topic of several analyst reports. UBS Group reiterated an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. JMP Securities dropped their target price on Duolingo from $475.00 to $450.00 and set a "market outperform" rating on the stock in a report on Monday, July 28th. Raymond James Financial reiterated a "market perform" rating on shares of Duolingo in a report on Tuesday, August 26th. KeyCorp upgraded Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price objective on the stock in a report on Monday, August 18th. Finally, Argus assumed coverage on Duolingo in a report on Wednesday, June 25th. They set a "buy" rating and a $575.00 price objective on the stock.

Duolingo Trading Up 3.1%

Shares of NASDAQ DUOL traded up $8.52 during midday trading on Friday, hitting $282.01. The stock had a trading volume of 1,232,377 shares, compared to its average volume of 1,096,054. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 116.24, a PEG ratio of 1.81 and a beta of 0.85. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. Duolingo has a 1-year low of $212.85 and a 1-year high of $544.93. The company has a fifty day moving average price of $343.38 and a 200 day moving average price of $381.19.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. The business had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The company's revenue was up 41.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, analysts predict that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,533 shares of Duolingo stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $833,432.99. Following the sale, the insider directly owned 122,112 shares in the company, valued at $40,178,511.36. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer owned 43,345 shares in the company, valued at $13,757,269.55. This represents a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,508 shares of company stock worth $28,428,221 over the last ninety days. Company insiders own 18.30% of the company's stock.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in Duolingo by 110.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock worth $307,716,000 after acquiring an additional 520,069 shares during the period. Norges Bank acquired a new position in Duolingo during the 2nd quarter worth $192,965,000. Invesco Ltd. raised its stake in shares of Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock worth $418,073,000 after buying an additional 261,212 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Duolingo by 41,959.1% during the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock worth $74,448,000 after purchasing an additional 239,167 shares during the period. Finally, AQR Capital Management LLC raised its position in Duolingo by 105.9% during the second quarter. AQR Capital Management LLC now owns 415,221 shares of the company's stock valued at $170,249,000 after buying an additional 213,529 shares during the period. 91.59% of the stock is currently owned by institutional investors.

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.