Duolingo, Inc. (NASDAQ:DUOL) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $441.29.

A number of equities analysts have issued reports on DUOL shares. DA Davidson raised their target price on Duolingo from $470.00 to $600.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Barclays lifted their price objective on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley lifted their price objective on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a report on Monday, May 5th. The Goldman Sachs Group lifted their price objective on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Scotiabank lifted their price objective on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $292.43, for a total transaction of $2,924,300.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at approximately $21,054.96. The trade was a 99.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 3,482 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the sale, the insider now owns 127,251 shares in the company, valued at approximately $40,668,147.09. This trade represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,482 shares of company stock worth $25,661,992. Insiders own 18.30% of the company's stock.

Institutional Trading of Duolingo

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after buying an additional 1,063,327 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Duolingo by 110.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock valued at $307,716,000 after buying an additional 520,069 shares in the last quarter. Norges Bank acquired a new position in Duolingo in the 4th quarter valued at $152,296,000. Invesco Ltd. grew its holdings in Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after buying an additional 378,225 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Duolingo by 41,959.1% in the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock valued at $74,448,000 after buying an additional 239,167 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Price Performance

Shares of DUOL opened at $471.57 on Monday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06. Duolingo has a 1 year low of $145.05 and a 1 year high of $544.93. The stock has a market cap of $21.43 billion, a P/E ratio of 232.30, a price-to-earnings-growth ratio of 3.61 and a beta of 1.00. The stock's 50-day moving average price is $463.89 and its two-hundred day moving average price is $383.15.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The firm had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. The company's revenue for the quarter was up 37.6% on a year-over-year basis. On average, equities analysts predict that Duolingo will post 2.03 earnings per share for the current year.

About Duolingo

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.

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