Analysts at UBS Group started coverage on shares of Duolingo (NYSE:DUOL – Get Free Report) in a report issued on Thursday, FlyOnTheWall reports. The firm set a “buy” rating on the stock.
Several other research analysts have also issued reports on the stock. Wolfe Research initiated coverage on shares of Duolingo in a research report on Tuesday, June 20th. They issued a “market perform” rating for the company. Barclays lifted their price objective on Duolingo from $136.00 to $149.00 in a report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Duolingo in a report on Wednesday, August 9th. JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 7th. Finally, Raymond James assumed coverage on shares of Duolingo in a research note on Monday, August 28th. They set a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $144.38.
View Our Latest Research Report on Duolingo
Duolingo Price Performance
NYSE:DUOL opened at $154.24 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.62 and a quick ratio of 3.62. Duolingo has a one year low of $64.73 and a one year high of $168.40. The company has a fifty day moving average price of $146.28 and a 200 day moving average price of $143.62. The stock has a market cap of $6.41 billion, a P/E ratio of -195.24 and a beta of 0.37.
Duolingo (NYSE:DUOL – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.25. The business had revenue of $126.84 million for the quarter, compared to the consensus estimate of $123.13 million. Duolingo had a negative return on equity of 5.58% and a negative net margin of 7.06%. Analysts anticipate that Duolingo will post -0.09 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Natalie Glance sold 2,475 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $132.44, for a total transaction of $327,789.00. Following the sale, the insider now directly owns 152,164 shares of the company’s stock, valued at $20,152,600.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Durable Capital Partners Lp sold 42,247 shares of Duolingo stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $145.14, for a total value of $6,131,729.58. Following the completion of the sale, the insider now directly owns 4,114,491 shares in the company, valued at $597,177,223.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 2,475 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $132.44, for a total value of $327,789.00. Following the sale, the insider now directly owns 152,164 shares of the company’s stock, valued at $20,152,600.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,960 shares of company stock valued at $16,190,224. Insiders own 19.85% of the company’s stock.
Institutional Investors Weigh In On Duolingo
A number of institutional investors and hedge funds have recently modified their holdings of DUOL. Baillie Gifford & Co. boosted its stake in Duolingo by 37.3% in the first quarter. Baillie Gifford & Co. now owns 4,467,624 shares of the company’s stock valued at $637,039,000 after acquiring an additional 1,214,871 shares during the last quarter. Durable Capital Partners LP boosted its position in shares of Duolingo by 10.1% in the 4th quarter. Durable Capital Partners LP now owns 4,156,738 shares of the company’s stock worth $295,669,000 after purchasing an additional 379,844 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Duolingo by 24.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock worth $224,510,000 after purchasing an additional 468,057 shares during the last quarter. BlackRock Inc. grew its stake in shares of Duolingo by 15.0% during the second quarter. BlackRock Inc. now owns 2,323,082 shares of the company’s stock worth $332,061,000 after purchasing an additional 303,206 shares during the period. Finally, Whale Rock Capital Management LLC increased its holdings in Duolingo by 0.7% in the second quarter. Whale Rock Capital Management LLC now owns 1,328,760 shares of the company’s stock valued at $189,933,000 after purchasing an additional 8,668 shares during the last quarter. 76.93% of the stock is owned by institutional investors.
Duolingo Company Profile
(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.
See Also
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