Duolingo’s (DUOL) “Hold” Rating Reiterated at Argus

Duolingo (NASDAQ:DUOL)‘s stock had its “hold” rating reissued by equities researchers at Argus in a research report issued to clients and investors on Wednesday,Benzinga reports.

A number of other research firms also recently weighed in on DUOL. Bank of America restated a “neutral” rating and issued a $100.00 target price on shares of Duolingo in a research report on Friday, February 27th. UBS Group set a $245.00 price objective on Duolingo in a research note on Monday, January 5th. Needham & Company LLC cut their price objective on Duolingo from $300.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 27th. Citigroup reaffirmed a “neutral” rating and set a $101.00 target price (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Finally, BMO Capital Markets raised Duolingo to a “buy” rating in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Duolingo has an average rating of “Hold” and a consensus price target of $206.32.

Duolingo Stock Up 2.4%

DUOL stock opened at $104.36 on Wednesday. Duolingo has a 52 week low of $91.99 and a 52 week high of $544.93. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. The firm’s 50-day moving average is $125.27 and its two-hundred day moving average is $203.65. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.12. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The business had revenue of $282.87 million during the quarter, compared to analysts’ expectations of $275.95 million. Duolingo’s revenue for the quarter was up 35.0% compared to the same quarter last year. On average, analysts forecast that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 1,901 shares of Duolingo stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total transaction of $215,307.26. Following the transaction, the general counsel directly owned 30,545 shares in the company, valued at approximately $3,459,526.70. The trade was a 5.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James H. Shelton bought 5,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $99.76 per share, for a total transaction 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 trade represents a 107.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 14,939 shares of company stock valued at $1,676,291 over the last three months. 18.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

Large investors have recently made changes to their positions in the company. Osbon Capital Management LLC acquired a new stake in Duolingo in the fourth quarter valued at approximately $84,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Duolingo during the 4th quarter valued at $73,000. Virtu Financial LLC acquired a new stake in shares of Duolingo in the 4th quarter valued at $4,282,000. Alpine Woods Capital Investors LLC bought a new stake in Duolingo in the fourth quarter worth $333,000. Finally, Vident Advisory LLC boosted its holdings in Duolingo by 5.8% in the fourth quarter. Vident Advisory LLC now owns 2,647 shares of the company’s stock worth $465,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

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.