Q4 2024 EPS Estimates for Duolingo, Inc. Boosted by Analyst (NASDAQ:DUOL)

Duolingo, Inc. (NASDAQ:DUOL - Free Report) - Investment analysts at Seaport Res Ptn boosted their Q4 2024 earnings per share estimates for shares of Duolingo in a report released on Thursday, May 9th. Seaport Res Ptn analyst A. Kessler now expects that the company will post earnings per share of $0.60 for the quarter, up from their prior estimate of $0.55. Seaport Res Ptn currently has a "Buy" rating on the stock. The consensus estimate for Duolingo's current full-year earnings is $1.38 per share.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.27. The business had revenue of $167.70 million for the quarter, compared to analysts' expectations of $165.60 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The business's revenue for the quarter was up 44.9% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share.

DUOL has been the topic of several other research reports. Barclays decreased their price objective on Duolingo from $243.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Thursday. UBS Group lifted their target price on shares of Duolingo from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. initiated coverage on Duolingo in a research report on Monday, March 11th. They issued an "overweight" rating and a $270.00 price objective on the stock. Bank of America upped their price target on Duolingo from $230.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, February 29th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $265.00 target price (down from $282.00) on shares of Duolingo in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $244.63.

Duolingo Stock Performance

DUOL traded down $12.46 during trading on Friday, hitting $188.12. The company's stock had a trading volume of 1,873,309 shares, compared to its average volume of 774,950. Duolingo has a one year low of $121.89 and a one year high of $251.30. The business's 50 day simple moving average is $220.45 and its 200-day simple moving average is $207.12. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm has a market cap of $8.07 billion, a PE ratio of 565.49 and a beta of 0.82.

Institutional Trading of Duolingo

Hedge funds have recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Duolingo in the 4th quarter valued at about $1,411,000. Raymond James & Associates purchased a new position in shares of Duolingo in the 4th quarter valued at $4,211,000. Cerity Partners LLC lifted its position in Duolingo by 2,767.0% in the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company's stock valued at $10,614,000 after acquiring an additional 45,157 shares during the last quarter. Wellington Management Group LLP boosted its stake in Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company's stock valued at $99,887,000 after acquiring an additional 358,938 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Duolingo during the fourth quarter worth about $4,374,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $247.82, for a total transaction of $371,730.00. Following the transaction, the insider now directly owns 123,005 shares of the company's stock, valued at $30,483,099.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Natalie Glance sold 1,500 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $247.82, for a total transaction of $371,730.00. Following the completion of the transaction, the insider now directly owns 123,005 shares in the company, valued at approximately $30,483,099.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 13,600 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The disclosure for this sale can be found here. Insiders have sold a total of 123,223 shares of company stock valued at $26,893,230 in the last ninety days. 19.85% of the stock is currently owned by corporate insiders.

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.