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

318.70

Mkt cap

14B

Volume

672K

High

330.61

P/E Ratio

178.63

52-wk high

330.61

Low

314.63

Div yield

N/A

52-wk low

145.05

The article reports on the intraday movement of 12 consumer discretionary stocks, highlighting significant gainers and losers. Visionary Holdings, Fitell, PlayAGS, Noodles, ATRenew, and Arhaus were among the top gainers, with notable increases in their stock prices, attributed to recent earnings releases for some. Conversely, Delta Apparel, Duolingo, Accel Entertainment, NWTN, Marine Products, and Lanvin Group Holdings experienced declines, with earnings announcements impacting several of these stocks.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:31 pm

Barclays analyst Mario Lu maintains an Equal-Weight rating on Duolingo (NASDAQ:DUOL) and lowers the price target from $243 to $230.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:00 pm

Needham analyst Ryan MacDonald has maintained a Buy rating on Duolingo (NASDAQ:DUOL) and increased the price target from $241 to $267.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:39 pm

AppLovin Corporation shares surged 15% in pre-market trading after reporting Q1 financial results that exceeded expectations, with revenue of $1.058 billion and earnings of 67 cents per share. Other stocks also showed significant movement in pre-market trading, with notable gainers including Pop Culture Group, Sezzle Inc., and Compass, Inc., among others. On the losing end, Tivic Health Systems, CytomX Therapeutics, and Cardlytics, Inc. saw substantial declines after their respective announcements.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 12:13 pm

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

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:06 am

Exact Sciences reported a Q1 loss with shares falling 17.4% in pre-market trading, alongside other significant pre-market movers including Cardlytics, Delta Apparel, Bioventus, Beyond Meat, Duolingo, SolarEdge Technologies, Arm Holdings, Airbnb, Vanda Pharmaceuticals, argenx SE, LifeMD, Forward Air Corporation, and HubSpot, all experiencing declines after reporting their financial results.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 9:49 am

Duolingo, Inc. (NASDAQ:DUOL) reported Q1 earnings of 57 cents per share, surpassing estimates by 111.11%, with sales of $167.6 million, a 44.91% increase year-over-year. Bookings rose to $197.5 million, with subscription bookings at $161.5 million. Paid subscribers reached 7.4 million, and DAUs were 31.4 million. The company raised its Q2 and full-year 2024 revenue guidance, citing strong growth and the potential of Duolingo Max and improved family plans. Despite the positive report, DUOL shares dropped 12.1% after-hours.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 8:55 pm

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

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