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Language learning will not go out of style for a long, long time. And whoever makes it the most easy, fast, and cheap solution around will win the market. This whole Robinhood IPO Access thing is still very fresh for retail investors, so there will no doubt be a rush for shares of Duolingo. Pricing information for Duolingo stock is yet to be made available. But we know it plans to sell $100 million worth of shares whenever the IPO date arrives.
The app noted losses worth $13.5 million in the first quarter of this year, compared to $2.2 million in the Q1 of 2020. Sign upfor our weekly, original newsletter that goes beyond the list, offering a closer look at Disruptor 50 companies, and the founders who continue to innovate across every sector of the economy. “If you live in the United States you may not know about this, but worldwide billions of dollars are spent by people having to take tests to prove that they know English,” von Ahn said.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Duolingo offers language-learning tools via a website and mobile app.
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The remaining 17% of revenue was made through advertising. 8 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Duolingo in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock.
So far, Duolingo has successfully defended its market position. It remains the top-ranked language learning app worldwide, and its financial performance has been impressive. As demand for online learning grows, more rivals will likely emerge with innovative products of their own, keeping Duolingo on its toes. Additionally, it offers the Duolingo English Test that can, for example, be used by international students to prove their English proficiency when applying for university in English-speaking countries. 11% of the app’s revenue came from these tests and other revenue combined in the first quarter of 2021.
Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. But even in terms of fundamentals, this one is kind of a no-brainer.
Language-learning app Duolingo filed itsIPO prospectuson Monday, and plans to list on the Nasdaq under ticker symbol “DUOL.” The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
It aims to expand its platform to tackle other subjects like math, riding the ongoing shift toward digital learning. This will help Duolingo grab a bigger slice of a market that GSV Ventures — an edtech venture capital firm — estimated will be worth $1 trillion by 2026. Anyone with a web browser or smartphone can access the platform, which has won accolades for being innovative and easy to use. In 2013, the platform won Apple’s App of the Year award — the first time any education app had won this prize. Today, Duolingo has 40 million monthly active users using the platform to take courses in 40 different languages.
Duolingo IPO: Language Learning App Files to Go Public – Investment U
Duolingo IPO: Language Learning App Files to Go Public.
Posted: Tue, 06 Jul 2021 07:00:00 GMT [source]
Friends can also compete against each other on public leaderboards ranked by experience points. Now, over 2,000 universities worldwide accept language certifications from Duolingo. The company also offers “Duolingo for Schools” to assist language teachers in the classroom. The first IPO stock to go through Robinhood is up more than 100% since the offering.
Who owns DUOLINGO INC?
The consensus among Wall Street analysts is that investors should “buy” DUOL shares. Duolingo, Inc. is a language-learning website and mobile application, which engages in the development of a free language learning website and crowd sourced text translation platform. The company was founded by Luis von Ahn and Severin Hacker in 2011 and is headquartered in Pittsburgh, PA. The market for online language learning is expected to be worth $47 billion in 2025, up from $12 billion in 2019. And Duolingo sees itself as much more than “just” a language learning app.
Normally, retail investors would have to wait for the stock to hit the exchange, which often meant the stock price would already be inflated once institutional demand pumped the price. This is part of Robinhood’s new IPO Access feature, giving retail investors rare access to IPO stocks they would not have had before. Investors get the chance to buy Duolingo stock at the IPO price via Robinhood starting today. All you need to do is request shares via the Robinhood app for a chance to be randomly selected to receive the shares. But at a market cap of $5.13 billion, Duolingo trades at an eye-popping 32 times 2020 sales.
The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. The IPO boom also coincides with the rising force of retail investors who are eager to own a piece of their favorite companies. In this photo illustration an Duolingo logo of a language-learning website and mobile app is seen on a smartphone. Duolingo offers 95 courses across 38 distinct languages — from the world’s most spoken, such as Spanish, French and Italian, to endangered languages like Hawaiian, Navajo and Scottish Gaelic. Revenue at the Pittsburgh-based company rose 129% last year to $161.7 million.
“We make the majority of our revenue through subscriptions.” The company priced 3.7 million shares at $102 apiece on Tuesday, above its initial $85 to $95 target range. It raised $521 million at an implied $3.7 billion valuation, up from last year’s private market valuation of about $2.4 billion, according to PitchBook data.
The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania. At the center of everything we do is a strong commitment to independent research and sharing https://day-trading.info/ its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
- Has a 13% stake in Duolingo — making it the biggest outside investor in the company.
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- In 2022, Duolingo’s revenue was $369.50 million, an increase of 47.34% compared to the previous year’s $250.77 million.
- IPOs have reached $89 billion in 2021, a 232% jump from the same period last year, according to data from Renaissance Capital.
Over the last few years, Duolingo has been firing on all cylinders. Revenue grew 128% to $162 million in 2020, up from $71 million in 2019. This came on the back of growth in its paying user base, which rose 84% to 1.6 million users.
The math app, named Duolingo Math, is the first subject expansion that Duolingo has made beyond … In 2022, Duolingo’s revenue was $369.50 million, an increase of 47.34% compared to the previous year’s $250.77 million. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.