Duolingo, Inc. (NYSE:DUOL) Given Consensus Recommendation of “Hold” by Brokerages
Duolingo, Inc. (NYSE:DUOL – Get Free Report) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $176.78.
A number of equities analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Duolingo from $160.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Evercore ISI increased their target price on Duolingo from $180.00 to $200.00 in a report on Thursday, October 12th. The Goldman Sachs Group increased their target price on Duolingo from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, November 9th. Piper Sandler reissued an “overweight” rating and issued a $217.00 target price on shares of Duolingo in a report on Monday, November 20th. Finally, Raymond James assumed coverage on Duolingo in a report on Monday, August 28th. They issued a “market perform” rating for the company.
View Our Latest Stock Report on DUOL
Insider Activity at Duolingo
In other news, CEO Ahn Luis Von sold 1,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Durable Capital Partners Lp sold 70,863 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $159.23, for a total value of $11,283,515.49. Following the completion of the sale, the insider now directly owns 3,876,751 shares in the company, valued at $617,295,061.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ahn Luis Von sold 1,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 406,725 shares of company stock worth $75,352,140. Company insiders own 19.85% of the company’s stock.
Institutional Trading of Duolingo
A number of institutional investors have recently bought and sold shares of the company. Bamco Inc. NY bought a new position in shares of Duolingo during the 3rd quarter worth about $39,000. Atticus Wealth Management LLC acquired a new stake in shares of Duolingo in the 2nd quarter worth about $40,000. Captrust Financial Advisors raised its holdings in shares of Duolingo by 620.8% in the 1st quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock worth $53,000 after acquiring an additional 478 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Duolingo in the 4th quarter worth about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Duolingo in the 2nd quarter worth about $111,000. Institutional investors own 76.93% of the company’s stock.
Duolingo Trading Down 2.7 %
Duolingo stock opened at $234.75 on Thursday. The business has a 50 day moving average price of $194.46 and a two-hundred day moving average price of $165.21. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.03. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of -869.44 and a beta of 0.75. Duolingo has a 12 month low of $64.73 and a 12 month high of $245.87.
Duolingo (NYSE:DUOL – Get Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.14. The firm had revenue of $137.60 million during the quarter, compared to analysts’ expectations of $132.14 million. Duolingo had a negative return on equity of 1.72% and a negative net margin of 2.06%. The company’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.46) EPS. As a group, equities analysts forecast that Duolingo will post 0.25 EPS for the current year.
About Duolingo (Get Free Report
Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.
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