Duolingo (DUOL) Expected to Announce Quarterly Earnings on Thursday

Duolingo (NASDAQ:DUOL) is anticipated to release its earnings data after the market closes on Thursday, February 27th. Analysts expect Duolingo to post earnings of $0.50 per share and revenue of $205.49 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Duolingo Stock Performance

Shares of Duolingo stock opened at $385.81 on Wednesday. The company has a market capitalization of $16.97 billion, a PE ratio of 210.83 and a beta of 0.89. The company has a 50-day simple moving average of $358.42 and a two-hundred day simple moving average of $308.22. Duolingo has a one year low of $145.05 and a one year high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Insiders Place Their Bets

In related news, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,639 shares of company stock worth $105,445,057. Company insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

DUOL has been the topic of several analyst reports. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Needham & Company LLC upped their price objective on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Piper Sandler raised their price objective on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

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.