Seaport Res Ptn Increases Earnings Estimates for Duolingo

Duolingo, Inc. (NASDAQ:DUOL) – Stock analysts at Seaport Res Ptn upped their FY2024 earnings per share estimates for shares of Duolingo in a report issued on Thursday, November 7th. Seaport Res Ptn analyst A. Kessler now expects that the company will earn $2.11 per share for the year, up from their previous forecast of $2.02. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for Duolingo’s current full-year earnings is $1.87 per share. Seaport Res Ptn also issued estimates for Duolingo’s Q1 2025 earnings at $0.70 EPS, Q2 2025 earnings at $0.73 EPS, Q3 2025 earnings at $0.79 EPS and Q4 2025 earnings at $0.93 EPS.

Several other analysts have also recently commented on DUOL. Barclays lifted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. DA Davidson increased their price target on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $325.44.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $326.89 on Friday. Duolingo has a 52 week low of $145.05 and a 52 week high of $330.61. The business’s 50 day moving average price is $268.56 and its 200 day moving average price is $220.76. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market cap of $14.23 billion, a P/E ratio of 225.59 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.13. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 39.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DUOL. Duality Advisers LP acquired a new position in shares of Duolingo during the first quarter valued at approximately $287,000. SG Americas Securities LLC raised its stake in Duolingo by 261.8% in the 1st quarter. SG Americas Securities LLC now owns 3,640 shares of the company’s stock valued at $803,000 after purchasing an additional 2,634 shares during the last quarter. Swiss National Bank lifted its holdings in Duolingo by 1.3% in the 1st quarter. Swiss National Bank now owns 60,100 shares of the company’s stock valued at $13,257,000 after purchasing an additional 800 shares in the last quarter. Headlands Technologies LLC boosted its stake in Duolingo by 19.8% during the 1st quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock worth $169,000 after purchasing an additional 127 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in shares of Duolingo during the first quarter worth $528,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the sale, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the transaction, the insider now owns 142,053 shares of the company’s stock, valued at $40,490,787.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,374 shares of company stock worth $15,802,382 in the last ninety days. Company insiders own 18.30% of the company’s stock.

Duolingo Company Profile

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.