Key Points
- Director James Shelton bought 5,000 Duolingo shares on March 3 at an average price of $99.76 (totaling $498,800), increasing his stake to 9,632 shares — a 107.94% rise — as disclosed in an SEC filing.
- Duolingo beat expectations last quarter with $0.91 EPS vs. $0.79 estimated and revenue of $282.87 million (up 35% year-over-year), alongside a net margin of 39.91%.
- Analyst views are mixed: the stock carries an average rating of Hold with a consensus target of $206.32, while institutional ownership is high at about 91.6% and several large funds recently increased positions.
Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) Director James Shelton acquired 5,000 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $99.76 per share, with a total value of $498,800.00. Following the completion of the purchase, the director owned 9,632 shares in the company, valued at approximately $960,888.32. This represents a 107.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Duolingo Price Performance
DUOL stock traded up $6.53 on Thursday, reaching $102.70. The company had a trading volume of 970,783 shares, compared to its average volume of 2,972,426. Duolingo, Inc. has a 1 year low of $91.99 and a 1 year high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.61. The company's fifty day moving average is $139.55 and its 200 day moving average is $219.04. The company has a market cap of $4.75 billion, a P/E ratio of 12.05, a PEG ratio of 0.70 and a beta of 0.90.
Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.12. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The company had revenue of $282.87 million during the quarter, compared to the consensus estimate of $275.95 million. The business's revenue was up 35.0% compared to the same quarter last year. On average, research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on DUOL shares. BMO Capital Markets raised shares of Duolingo to a "buy" rating in a research note on Monday, January 12th. Truist Financial downgraded shares of Duolingo from a "buy" rating to a "hold" rating and set a $100.00 price target for the company. in a report on Friday, February 27th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $95.00 price objective (down from $200.00) on shares of Duolingo in a research report on Friday, February 27th. Morgan Stanley restated an "equal weight" rating and set a $100.00 target price (down from $245.00) on shares of Duolingo in a research report on Friday, February 27th. Finally, Zacks Research downgraded Duolingo from a "hold" rating to a "strong sell" rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $206.32.
Get Our Latest Analysis on DUOL
Institutional Investors Weigh In On Duolingo
Several hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. increased its position in Duolingo by 71.9% during the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company's stock worth $853,184,000 after purchasing an additional 2,033,611 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company's stock valued at $1,495,733,000 after purchasing an additional 116,135 shares during the last quarter. Capital World Investors boosted its holdings in shares of Duolingo by 0.5% in the 4th quarter. Capital World Investors now owns 2,241,378 shares of the company's stock valued at $393,362,000 after purchasing an additional 11,140 shares during the last quarter. Dragoneer Investment Group LLC grew its stake in shares of Duolingo by 324.4% during the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company's stock valued at $508,760,000 after buying an additional 1,208,346 shares during the period. Finally, State Street Corp increased its holdings in shares of Duolingo by 0.5% during the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company's stock worth $477,422,000 after buying an additional 6,109 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.
About Duolingo
(
Get Free Report)
Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company's core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.
In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.
Further Reading
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