Duolingo (NASDAQ:DUOL) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Duolingo has received a "hold (c)" rating restated by Weiss Ratings, with an average rating of "Hold" from twelve analysts and a consensus price target of $414.05.
• The company's stock opened at $312.00 and has seen a price range between a one-year low of $256.63 and a high of $544.93.
• Insider selling has occurred recently, with CFO Matthew Skaruppa selling over 10,000 shares, indicating a total transaction value of approximately $3.47 million.

Duolingo (NASDAQ:DUOL - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the company. UBS Group reduced their price target on Duolingo from $500.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday. Barclays raised their target price on Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Raymond James Financial reissued a "market perform" rating on shares of Duolingo in a research report on Tuesday, August 26th. Wells Fargo & Company started coverage on Duolingo in a research report on Monday, September 8th. They set an "underweight" rating and a $239.00 target price on the stock. Finally, Baird R W raised Duolingo to a "hold" rating in a research report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $414.05.

Duolingo Price Performance

DUOL stock opened at $312.00 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market capitalization of $14.30 billion, a P/E ratio of 128.40, a P/E/G ratio of 2.06 and a beta of 0.86. The business's 50-day moving average is $312.02 and its two-hundred day moving average is $380.76. Duolingo has a 1 year low of $256.63 and a 1 year high of $544.93.

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

Insiders Place Their Bets

In other Duolingo news, 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 transaction of $3,471,294.43. Following the transaction, the chief financial officer owned 43,345 shares of the company's stock, valued at $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Natalie Glance sold 3,283 shares of Duolingo stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the transaction, the insider directly owned 116,171 shares in the company, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,791 shares of company stock valued at $26,462,201 over the last quarter. Company insiders own 15.67% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. acquired a new position in shares of Duolingo in the first quarter valued at approximately $3,772,000. Hsbc Holdings PLC boosted its stake in shares of Duolingo by 39.0% in the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company's stock valued at $995,000 after buying an additional 894 shares in the last quarter. Encompass More Asset Management purchased a new stake in shares of Duolingo in the first quarter valued at approximately $762,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Duolingo by 965.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,882 shares of the company's stock valued at $2,822,000 after buying an additional 6,236 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Duolingo by 563.7% in the first quarter. Jump Financial LLC now owns 104,693 shares of the company's stock valued at $32,511,000 after buying an additional 88,918 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

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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