Duolingo (NASDAQ:DUOL) Receives Neutral Rating from DA Davidson

Duolingo (NASDAQ:DUOL)‘s stock had its “neutral” rating reiterated by equities researchers at DA Davidson in a research report issued on Monday,Benzinga reports. They presently have a $120.00 price target on the stock. DA Davidson’s price target points to a potential downside of 1.23% from the stock’s previous close.

A number of other research analysts have also commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Morgan Stanley cut their target price on Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. Argus reaffirmed a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. Barclays dropped their price objective on Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Duolingo in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Duolingo presently has a consensus rating of “Hold” and a consensus target price of $175.41.

Duolingo Trading Up 0.0%

NASDAQ:DUOL opened at $121.49 on Monday. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. Duolingo has a 1 year low of $87.89 and a 1 year high of $468.00. The business has a fifty day moving average of $112.45 and a 200-day moving average of $125.30.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. Equities analysts predict that Duolingo will post 2.76 earnings per share for the current year.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider directly owned 170,745 shares of the company’s stock, valued at $19,150,759.20. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of Duolingo stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the transaction, the insider directly owned 173,401 shares in the company, valued at $19,696,619.59. This represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,506 shares of company stock valued at $1,073,864 over the last three months. Company insiders own 16.62% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUOL. Root Financial Partners LLC boosted its position in shares of Duolingo by 194.1% in the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after buying an additional 165 shares during the period. EFG International AG acquired a new stake in shares of Duolingo during the 4th quarter valued at $26,000. AlphaCentric Advisors LLC purchased a new position in shares of Duolingo during the 4th quarter valued at $33,000. Banque Cantonale Vaudoise increased its stake in shares of Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock worth $34,000 after acquiring an additional 115 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Duolingo during the fourth quarter worth $43,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.