Streetbeat News

DUOL

Duolingo, Inc.

https://www.duolingo.com

Industry

Software - Application

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 provides a digital language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.

Open

280.50

Mkt cap

13B

Volume

739K

High

286.70

P/E Ratio

151.63

52-wk high

441.76

Low

280.10

Div yield

N/A

52-wk low

145.05

In Wednesday's after-market session, several consumer discretionary stocks showed significant movement following their Q1 earnings reports. Lulus Fashion Lounge, FAT Brands, Allbirds, Serve Robotics, Golden Entertainment, and Gogoro were among the gainers, with Lulus Fashion Lounge leading with a 14.4% increase. Conversely, Full House Resorts, Duolingo, Airbnb, Color Star Tech, Qurate Retail, and Foresight Autonomous were the losers, with Full House Resorts experiencing the largest drop of 13.2%.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 8:31 pm

Duolingo shares are trading lower following the release of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:08 pm

Duolingo projects its Q2 revenues to be between $175M and $177.5M, slightly below the estimated $176.9M. For FY24, the company expects revenues to range from $726.5M to $735.5M, closely aligning with the $728.23M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:04 pm

Duolingo reported Q1 2024 earnings of $0.57 per share, surpassing the $0.27 estimate, with sales of $167.6M also beating the $165.677M forecast. This represents a 44.91% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:02 pm

Microsoft's CVP Jordi Ribas announced a new partnership with Duolingo, offering Microsoft Rewards members a free 3-month trial of Super Duolingo for using Bing on Microsoft Edge.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 3:52 pm

Duolingo Inc (NASDAQ:DUOL) shares are trading higher after being selected to join the S&P MidCap 400, replacing Cable One Inc (NYSE:CABO) effective April 22. This inclusion reflects positively on Duolingo's market position and growth prospects. Duolingo is set to report Q1 earnings on May 8, with analysts expecting earnings of 27 cents per share and revenue of $165.64 million. Wall Street views Duolingo as a Buy, with expectations of significant stock price increase.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 3:39 pm

Duolingo shares are trading higher following the announcement that it will replace Cable One in the S&P MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:08 pm

Duolingo is set to join the S&P MidCap 400, replacing Cable One, effective before trading begins on Monday, April 22.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:19 pm

Duolingo's (NYSE:DUOL) short interest has decreased by 5.64% since the last report, with 1.94 million shares sold short, representing 6.02% of its float. This decline in short interest could indicate a more bullish sentiment towards DUOL, despite it having a higher short interest than its peer group average of 4.45%.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 7:30 pm

In Tuesday's pre-market session, 12 consumer discretionary stocks showed notable movements. Gainers included Connexa Sports Technologies, Kaixin Holdings, Genius Gr, Duolingo, Foresight Autonomous, and Jiuzi Hldgs, with increases ranging from 5.98% to 17.0%. Losers were led by Kaival Brands Innovations, Digital Brands Group, Guess, Allurion Technologies, Barnes & Noble Education, and Greenlane Hldgs, with declines between 6.71% and 15.9%. Market capitalizations varied significantly among these companies.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 12:07 pm

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