Duolingo (DUOL) Projected to Post Quarterly Earnings on Thursday

Duolingo (NASDAQ:DUOL) is anticipated to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $205.49 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Duolingo Price Performance

Shares of DUOL stock opened at $389.90 on Tuesday. The stock has a 50 day moving average of $357.79 and a two-hundred day moving average of $306.82. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo has a 12 month low of $145.05 and a 12 month high of $441.77. The company has a market capitalization of $17.15 billion, a P/E ratio of 213.06 and a beta of 0.89.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares of the company’s stock, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,446.88. This represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 305,639 shares of company stock valued at $105,445,057 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on DUOL shares. Barclays raised their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Scotiabank started coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group started coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

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.