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Duolingo (NYSE: DUOLGet a rating) has been updated by Zacks Investment Research from a “sell” to a “hold” rating in a research report released Thursday to clients and investors, Zacks.com reports.

According to Zacks, “Duolingo Inc. provides a mobile language learning platform. Duolingo Inc. is based in PITTSBURGH.”

Other equity research analysts have also published research reports on the company. KeyCorp downgraded Duolingo from a “sector weight” rating to an “overweight” rating and set a target price of $112.00 on the stock in a Monday, March 21 research report. JMP Securities restated a “buy” rating and set a target price of $128.00 on Duolingo shares in a Tuesday, April 5 research report. Evercore ISI cut its target price on Duolingo from $195.00 to $120.00 and set an “outperform” rating on the stock in a Friday, March 4 research report. Finally, Piper Sandler cut her price target on Duolingo from $137.00 to $111.00 and set an “overweight” rating on the stock in a Friday, March 4 research report. Three analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $128.78.

Shares of DUOL stock opened at $89.77 on Thursday. The stock has a 50-day moving average of $87.27 and a 200-day moving average of $101.83. The company has a debt ratio of 0.06, a current ratio of 5.20 and a quick ratio of 5.20. Duolingo has a 1-year minimum of $60.50 and a 1-year maximum of $204.99.

Duolingo (NYSE: DUOLGet a rating) last released its quarterly results on Thursday, May 12. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.26. The company posted revenue of $81.22 million in the quarter, compared to $77.56 million expected by analysts. Duolingo had a negative return on equity of 28.90% and a negative net margin of 23.98%. The company’s quarterly revenue increased 46.7% year over year. In the same quarter a year earlier, the company posted ($1.04) earnings per share. Research analysts expect Duolingo to post earnings per share of -2.02 for the current year.

In other Duolingo news, CFO Matthew Skaruppa sold 1,059 shares in a trade that took place on Tuesday, February 15. The stock was sold at an average price of $100.30, for a total value of $106,217.70. The sale was disclosed in an SEC filing, available at this hyperlink. Also, CEO Ahn Luis Von sold 600 shares in a trade that took place on Tuesday, February 15. The stock was sold at an average price of $102.02, for a total value of $61,212.00. Disclosure of this sale can be found here. Last quarter, insiders purchased 741,567 shares of the company worth $65,732,619 and sold 2,536 shares worth $253,384.

Institutional investors have recently changed their stake in the company. Prospera Financial Services Inc purchased a new stake in Duolingo stock in the first quarter worth approximately $31,000. Advisor Group Holdings Inc. bought a new stake in Duolingo stock in the third quarter worth about $35,000. Daiwa Securities Group Inc. purchased a new equity stake in Duolingo in the fourth quarter worth approximately $42,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Duolingo stock in the first quarter for a value of approximately $57,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new equity stake in Duolingo in the fourth quarter for a value of approximately $135,000. 40.17% of the shares are held by hedge funds and other institutional investors.

About Duolingo (Get a rating)

Duolingo, Inc develops a language learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese and others. It also offers a digital language skills assessment exam.

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