Duolingo (NASDAQ:DUOL) Raised to Hold at Wall Street Zen

Duolingo (NASDAQ:DUOL) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Other equities analysts also recently issued research reports about the stock. DA Davidson boosted their price target on shares of Duolingo from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Citigroup reaffirmed a “neutral” rating on shares of Duolingo in a report on Thursday. Bank of America downgraded shares of Duolingo from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $103.00 to $93.00 in a research report on Tuesday, August 4th. Barclays boosted their target price on shares of Duolingo from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company decreased their target price on shares of Duolingo from $82.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $128.62.

Duolingo Trading Down 2.0%

Shares of NASDAQ DUOL opened at $130.16 on Friday. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. Duolingo has a 12-month low of $87.89 and a 12-month high of $371.63. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $128.62 and its 200 day simple moving average is $114.24.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $298.45 million during the quarter, compared to analyst estimates of $295.58 million. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. Equities research analysts expect that Duolingo will post 2.67 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Lingotto Investment Management LLP increased its stake in Duolingo by 34.3% during the 4th quarter. Lingotto Investment Management LLP now owns 33,563 shares of the company’s stock valued at $5,890,000 after buying an additional 8,563 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Duolingo in the 4th quarter worth approximately $3,752,000. Peregrine Capital Management LLC lifted its stake in shares of Duolingo by 50.3% in the 4th quarter. Peregrine Capital Management LLC now owns 129,515 shares of the company’s stock worth $22,730,000 after acquiring an additional 43,352 shares during the period. Investment House LLC boosted its holdings in shares of Duolingo by 250.7% in the fourth quarter. Investment House LLC now owns 18,038 shares of the company’s stock valued at $3,166,000 after acquiring an additional 12,894 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Duolingo by 206.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 77,674 shares of the company’s stock valued at $13,632,000 after acquiring an additional 52,364 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

About Duolingo

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.