Duolingo, Inc. (NASDAQ:DUOL) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have given Duolingo, Inc. an average rating of "Moderate Buy", with five analysts recommending a hold and eleven recommending a buy.
• The company reported $0.91 EPS for the latest quarter, exceeding the consensus estimate of $0.55, alongside a revenue of $252.27 million, a 41.5% increase year-over-year.
• Insider Severin Hacker sold 10,000 shares of Duolingo stock, resulting in a significant drop to 99.29% of his ownership in the company.

Shares of Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $454.20.

DUOL has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Needham & Company LLC raised their price target on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price target on Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. DA Davidson decreased their target price on Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Finally, Evercore ISI lifted their target price on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd.

Duolingo Price Performance

DUOL opened at $340.59 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market capitalization of $15.48 billion, a P/E ratio of 140.16, a P/E/G ratio of 2.47 and a beta of 0.87. The company's 50-day simple moving average is $407.17 and its two-hundred day simple moving average is $392.81. Duolingo has a 52-week low of $180.10 and a 52-week high of $544.93.

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

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $344.41, for a total value of $3,444,100.00. Following the completion of the sale, the insider directly owned 72 shares in the company, valued at $24,797.52. This represents a 99.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 50,000 shares of company stock worth $20,939,300 in the last three months. 18.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company's stock valued at $1,495,733,000 after purchasing an additional 116,135 shares in the last quarter. Invesco Ltd. raised its position in Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock valued at $418,073,000 after purchasing an additional 261,212 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Duolingo by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock valued at $434,398,000 after purchasing an additional 10,638 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position 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 purchasing an additional 520,069 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Duolingo by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 759,956 shares of the company's stock valued at $311,930,000 after purchasing an additional 23,356 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

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.

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