Duolingo, Inc. (NASDAQ:DUOL) Receives Consensus Recommendation of “Hold” from Analysts

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

A number of research analysts have recently commented on DUOL shares. Barclays increased their price objective on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. The Goldman Sachs Group raised their target price on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, February 29th. Bank of America raised their target price on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. initiated coverage on Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 target price on the stock. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total value of $270,105.00. Following the completion of the sale, the insider now owns 129,188 shares in the company, valued at approximately $23,262,883.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total transaction of $270,105.00. Following the completion of the transaction, the insider now owns 129,188 shares in the company, valued at approximately $23,262,883.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $218.40, for a total value of $2,620,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,223 shares of company stock worth $23,682,665. 19.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duolingo

Several hedge funds and other institutional investors have recently modified their holdings of DUOL. Discovery Value Fund bought a new position in shares of Duolingo during the 4th quarter worth approximately $27,000. Bamco Inc. NY bought a new position in shares of Duolingo during the 3rd quarter worth approximately $39,000. FSC Wealth Advisors LLC acquired a new stake in Duolingo during the 4th quarter valued at $39,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Duolingo during the 4th quarter valued at $73,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Duolingo during the 4th quarter valued at $92,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $225.75 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 663.99 and a beta of 0.84. The business’s 50-day simple moving average is $214.59 and its 200-day simple moving average is $204.24. Duolingo has a 52 week low of $116.82 and a 52 week high of $245.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $150.99 million for 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, equities research analysts expect that Duolingo will post 1.38 earnings per share 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.