Duolingo, Inc. (NASDAQ:DUOL) Given Consensus Recommendation of “Hold” by Brokerages

Duolingo, Inc. (NASDAQ:DUOL) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $245.13.

DUOL has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. assumed coverage on Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 price objective on the stock. Needham & Company LLC boosted their target price on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Barclays increased their target price on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group raised their price target on shares of Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a report on Thursday, February 29th.

Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 13,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ahn Luis Von sold 13,600 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $215.35, for a total transaction of $323,025.00. Following the completion of the transaction, the insider now directly owns 124,505 shares of the company’s stock, valued at $26,812,151.75. The disclosure for this sale can be found here. Insiders have sold a total of 113,223 shares of company stock valued at $23,682,665 in the last ninety days. 19.85% of the stock is currently owned by corporate insiders.

Institutional Trading of Duolingo

Several institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its holdings in shares of Duolingo by 5.0% during the third quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock valued at $744,529,000 after purchasing an additional 213,552 shares in the last quarter. Vanguard Group Inc. lifted its stake in Duolingo by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 3,320,429 shares of the company’s stock valued at $753,239,000 after acquiring an additional 129,290 shares during the period. FMR LLC boosted its holdings in shares of Duolingo by 37.9% during the 3rd quarter. FMR LLC now owns 1,019,641 shares of the company’s stock valued at $169,128,000 after acquiring an additional 280,051 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after acquiring an additional 358,938 shares during the period. Finally, Norges Bank purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $84,042,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Stock Up 7.3 %

Shares of NASDAQ:DUOL opened at $220.53 on Wednesday. The firm has a market capitalization of $9.46 billion, a PE ratio of 648.64 and a beta of 0.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. Duolingo has a 52-week low of $116.82 and a 52-week high of $245.87. The firm has a fifty day moving average of $210.97 and a 200 day moving average of $202.48.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. As a group, research analysts anticipate that Duolingo will post 1.38 EPS for the current fiscal 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.