The Time Is Right To Purchase Duolingo Inc. (NASDAQ: DUOL) – Marketing Sentinel
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The Time Is Right To Purchase Duolingo Inc. (NASDAQ: DUOL)

During the last session, Duolingo Inc. (NASDAQ:DUOL)’s traded shares were 1.16 million. At the end of the trading day, the stock’s price was $97.07, reflecting an intraday loss of -1.84% or -$1.82. The 52-week high for the DUOL share is $204.99, that puts it down -111.18 from that peak though still a striking 37.67% gain since the share price plummeted to a 52-week low of $60.50. The company’s market capitalization is $3.72B, and the average intraday trading volume over the past 10 days was 0.76 million shares, and the average trade volume was 599.94K shares over the past three months.

Duolingo Inc. (DUOL) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. DUOL has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.49.

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Duolingo Inc. (NASDAQ:DUOL) trade information

Duolingo Inc. (DUOL) registered a -1.84% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.84% in intraday trading to $97.07 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 11.13%, and it has moved by 26.96% in 30 days. The short interest in Duolingo Inc. (NASDAQ:DUOL) is 2.2 million shares and it means that shorts have 4.69 day(s) to cover.

The consensus price target of analysts on Wall Street is $105.63, which implies an increase of 8.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $80.00 and $135.00 respectively. As a result, DUOL is trading at a discount of -39.07% off the target high and 17.59% off the low.

Duolingo Inc. (DUOL) estimates and forecasts

Statistics show that Duolingo Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Duolingo Inc. (DUOL) shares have gone down -5.76% during the last six months, with a year-to-date growth rate more than the industry average at 32.68% against 14.50. In the rating firms’ projections, revenue will increase 35.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $81.39 million as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $86.36 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $58.8 million and $63.59 million respectively. In this case, analysts expect current quarter sales to grow by 38.40% and then jump by 35.80% in the coming quarter.

While earnings are projected to return -483.80% in 2022.

DUOL Dividends

Duolingo Inc. is due to release its next quarterly earnings on November 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Duolingo Inc. (NASDAQ:DUOL)’s Major holders

Duolingo Inc. insiders own 1.73% of total outstanding shares while institutional holders control 59.66%, with the float percentage being 60.70%. KPCB DGF Associates, LLC is the largest shareholder of the company, while 144 institutions own stock in it. As of Dec 30, 2021, the company held over 2.59 million shares (or 9.40% of all shares), a total value of $274.49 million in shares.

The next largest institutional holding, with 2.05 million shares, is of Baillie Gifford and Company’s that is approximately 7.45% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $194.99 million.

Also, the Mutual Funds coming in first place with the largest holdings of Duolingo Inc. (DUOL) shares are Vanguard U.S. Growth Fund and Mutual Fund Ser Tr-Eventide Gilead Fund. Data provided on Feb 27, 2022 indicates that Vanguard U.S. Growth Fund owns about 0.55 million shares. This amounts to just over 1.98 percent of the company’s overall shares, with a $47.08 million market value. The same data shows that the other fund manager holds slightly less at 0.26 million, or about 0.94% of the stock, which is worth about $27.32 million.

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