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

Duolingo (NASDAQ:DUOL) was downgraded by research analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors 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 research analysts also recently weighed in on DUOL. Needham & Company LLC boosted their price target on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America boosted their price target on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. The Goldman Sachs Group upped their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Piper Sandler upped their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

Duolingo Trading Down 1.0 %

DUOL opened at $315.82 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The company has a market cap of $13.75 billion, a price-to-earnings ratio of 225.59 and a beta of 0.79. The firm has a 50 day simple moving average of $266.39 and a 200 day simple moving average of $220.10. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $324.00.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.13. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, sell-side analysts anticipate that Duolingo will post 1.87 earnings per share for the current year.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Robert Meese sold 4,819 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the completion of the transaction, the insider now owns 157,053 shares in the company, valued at approximately $37,695,861.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction 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 transaction, the insider now owns 136,760 shares of the company’s stock, valued at $42,855,113.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock worth $15,802,382 over the last quarter. 18.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dragoneer Investment Group LLC bought a new stake in Duolingo during the second quarter worth $204,768,000. International Assets Investment Management LLC raised its position in Duolingo by 30,909.9% during 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% during 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 raised its position in Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after acquiring an additional 238,990 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after acquiring an additional 154,659 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

About Duolingo

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.