Duolingo Inc. (NASDAQ: DUOL) stock fell -1.18% on Wednesday to $147.51 against a previous-day closing price of $149.27. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.74 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $148.49 whereas the lowest price it dropped to was $146.00. The 52-week range on DUOL shows that it touched its highest point at $157.42 and its lowest point at $64.73 during that stretch. It currently has a 1-year price target of $152.62.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DUOL was up-trending over the past week, with a rise of 3.65%, but this was up by 5.36% over a month. Three-month performance surged to 64.48% while six-month performance rose 112.43%. The stock gained 90.31% in the past year, while it has gained 107.38% so far this year. A look at the trailing 12-month EPS for DUOL yields -1.26 with Next year EPS estimates of -0.04. For the next quarter, that number is -0.15. This implies an EPS growth rate of 41.20% for this year and 92.70% for next year.
Float and Shares Shorts:
At present, 40.62 million DUOL shares are outstanding with a float of 30.18 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.34 million, which was 5.71% higher than short shares on Mar 30, 2023. In addition to Dr. Luis Alfonso von Ahn Arellano Ph.D. as the firm’s Co-Founder, Chairman, Pres & CEO, Mr. Matthew Skaruppa serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 82.96% of DUOL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.74% of DUOL, in contrast to 36.66% held by mutual funds. Shares owned by individuals account for 27.03%. As the largest shareholder in DUOL with 13.87% of the stake, Baillie Gifford & Co. holds 4,467,624 shares worth 4,467,624. A second-largest stockholder of DUOL, Durable Capital Partners LP, holds 4,156,738 shares, controlling over 12.91% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in DUOL, holding 2,547,031 shares or 7.91% stake. With a 4.50% stake in DUOL, the Vanguard US Growth Fund is the largest stakeholder. A total of 1,448,472 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.71% of DUOL stock, is the second-largest Mutual Fund holder. It holds 873,578 shares valued at 118.95 million. Vanguard Small Cap Index Fund holds 2.29% of the stake in DUOL, owning 736,513 shares worth 100.28 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DUOL reported revenue of $88.39M and operating income of -$15.03M. The EBITDA in the recently reported quarter was -$13.86M and diluted EPS was -$0.38.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DUOL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DUOL analysts setting a high price target of $193.40 and a low target of $132.00, the average target price over the next 12 months is $157.16. Based on these targets, DUOL could surge 31.11% to reach the target high and fall by -10.51% to reach the target low. Reaching the average price target will result in a growth of 6.54% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DUOL stock several times over the past three months with 16 Buys and 50 Sells. In these transactions, 267,670 shares were bought while 289,768 shares were sold. The number of buy transactions has increased to 80 while that of sell transactions has risen to 169 over the past year. The total number of shares bought during that period was 1,992,799 while 2,226,359 shares were sold.
