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

Duolingo, Inc. (NASDAQ:DUOL) – Research analysts at Seaport Res Ptn upped their Q4 2024 EPS estimates for shares of Duolingo in a note issued to investors on Thursday, May 9th. Seaport Res Ptn analyst A. Kessler now forecasts that the company will post earnings of $0.60 per share for the quarter, up from their previous forecast 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.

A number of other brokerages have also recently commented on DUOL. Needham & Company LLC boosted their price objective on Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays reduced their price target on Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. started coverage on shares of Duolingo in a research report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective for the company. Piper Sandler boosted their target price on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, Bank of America raised their price target on shares of Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $246.75.

Duolingo Stock Up 1.2 %

Shares of Duolingo stock opened at $202.99 on Friday. Duolingo has a twelve month low of $121.89 and a twelve month high of $251.30. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 589.96 and a beta of 0.82. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $220.45 and a 200 day moving average price of $207.12.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.30 by $0.27. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The firm had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. During the same quarter last year, the firm posted ($0.06) earnings per share. Duolingo’s revenue for the quarter was up 44.9% compared to the same quarter last year.

Hedge Funds Weigh In On Duolingo

Hedge funds have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Duolingo by 5.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after purchasing an additional 55 shares during the period. 9258 Wealth Management LLC grew its position in shares of Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after buying an additional 65 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in Duolingo by 0.8% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after acquiring an additional 72 shares during the period. Xponance Inc. lifted its holdings in Duolingo by 4.8% in the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock worth $402,000 after acquiring an additional 82 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in Duolingo by 6.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock valued at $382,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated 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 owns 123,005 shares of the company’s stock, valued at $30,483,099.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $235.18, for a total value of $1,881,440.00. Following the completion of the transaction, the chief financial officer now owns 64,523 shares in the company, valued at approximately $15,174,519.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $247.82, for a total value of $371,730.00. Following the completion of the sale, the insider now owns 123,005 shares of the company’s stock, valued at $30,483,099.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,223 shares of company stock valued at $26,893,230. Insiders own 19.85% 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.