Duolingo, Inc. (NASDAQ:DUOL) Receives $195.94 Consensus Price Target from Analysts

by · The Cerbat Gem

Shares of Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) have been given a consensus recommendation of “Hold” by the twenty-two ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $195.9444.

Several equities research analysts have recently commented on DUOL shares. Scotiabank restated a “sector perform” rating and issued a $100.00 target price (down from $300.00) on shares of Duolingo in a research note on Friday, February 27th. Bank of America restated a “neutral” rating and issued a $100.00 target price on shares of Duolingo in a research note on Friday, February 27th. Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Friday, February 27th. Weiss Ratings downgraded shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Duolingo in a research report on Tuesday, May 5th.

Get Our Latest Report on Duolingo

Duolingo Stock Down 6.4%

Shares of NASDAQ:DUOL opened at $106.82 on Thursday. Duolingo has a 52 week low of $87.89 and a 52 week high of $540.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The company’s fifty day moving average is $101.27 and its 200-day moving average is $140.51. The company has a market capitalization of $4.98 billion, a PE ratio of 12.29, a P/E/G ratio of 0.86 and a beta of 0.90.

Duolingo (NASDAQ:DUOL – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same quarter in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. Equities research analysts predict that Duolingo will post 2.84 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the transaction, the general counsel owned 52,807 shares in the company, valued at $5,999,403.27. This represents a 3.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the transaction, the insider owned 170,745 shares in the company, valued at approximately $19,150,759.20. This trade represents a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $1,073,864 in the last 90 days. Corporate insiders own 16.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its position in Duolingo by 31.8% during the 3rd quarter. Citigroup Inc. now owns 259,666 shares of the company’s stock valued at $83,571,000 after purchasing an additional 62,614 shares during the period. Intech Investment Management LLC lifted its position in Duolingo by 967.3% during the 3rd quarter. Intech Investment Management LLC now owns 48,926 shares of the company’s stock valued at $15,746,000 after purchasing an additional 44,342 shares during the period. Baillie Gifford & Co. lifted its position in Duolingo by 71.9% during the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after purchasing an additional 2,033,611 shares during the period. Mitchell Capital Management Co. acquired a new position in Duolingo during the 3rd quarter valued at about $4,589,000. Finally, GF Fund Management CO. LTD. acquired a new position in Duolingo during the 3rd quarter valued at about $6,366,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Company Profile

(Get Free Report)

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.

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