Duolingo (NASDAQ:DUOL) Cut to Hold at Seaport Res Ptn

Seaport Res Ptn downgraded shares of Duolingo (NASDAQ:DUOL) from a strong-buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports. Seaport Res Ptn also issued estimates for Duolingo’s FY2024 earnings at $2.11 EPS, 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.

A number of other equities analysts also recently issued reports on the company. Bank of America upped their price target on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Barclays upped their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Piper Sandler boosted their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Needham & Company LLC raised their price objective on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $325.44.

Duolingo Trading Up 3.5 %

Shares of NASDAQ:DUOL opened at $326.89 on Thursday. Duolingo has a 52 week low of $145.05 and a 52 week high of $330.61. The company’s 50 day moving average is $270.84 and its two-hundred day moving average is $221.65. The company has a market cap of $14.23 billion, a PE ratio of 178.63 and a beta of 0.79. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Equities analysts predict that Duolingo will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the sale, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Natalie Glance sold 1,500 shares of Duolingo 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 transaction, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the transaction, the general counsel now owns 35,558 shares of the company’s stock, valued at approximately $7,522,294.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,374 shares of company stock valued at $15,802,382 over the last quarter. 18.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new position in shares of Duolingo during the 2nd quarter worth approximately $204,768,000. International Assets Investment Management LLC raised its position in Duolingo by 30,909.9% in the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Whale Rock Capital Management LLC raised its position in Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after acquiring an additional 245,599 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after acquiring an additional 238,990 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Duolingo by 73.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after purchasing an additional 154,659 shares in the last quarter. Institutional investors and hedge funds own 91.59% 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.