Duolingo (NYSE:DUOL) Price Target Raised to $136.00 at Barclays

Duolingo (NYSE:DUOL – Get Rating) had its target price upped by Barclays from $131.00 to $136.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have an equal weight rating on the stock.

A number of other research firms have also commented on DUOL. JMP Securities lifted their price target on shares of Duolingo from $128.00 to $155.00 and gave the company an outperform rating in a research report on Friday, April 14th. Raymond James boosted their target price on shares of Duolingo from $109.00 to $117.00 and gave the stock an outperform rating in a research report on Wednesday, March 1st. Bank of America boosted their target price on shares of Duolingo from $105.00 to $160.00 in a research report on Thursday, April 6th. Piper Sandler boosted their target price on shares of Duolingo from $95.00 to $127.00 and gave the stock an overweight rating in a research report on Wednesday, March 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Duolingo from $92.00 to $109.00 and gave the stock a neutral rating in a research report on Thursday, March 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of Moderate Buy and a consensus price target of $142.38.

Duolingo Trading Up 10.0 %

NYSE:DUOL opened at $147.70 on Wednesday. Duolingo has a 12 month low of $60.50 and a 12 month high of $149.98. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of -98.47 and a beta of 0.41. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $132.65 and its 200-day moving average is $98.33.

Duolingo (NYSE:DUOL – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.18. Duolingo had a negative net margin of 16.12% and a negative return on equity of 11.22%. The company had revenue of $115.66 million for the quarter, compared to analyst estimates of $112.86 million. During the same quarter last year, the firm posted ($0.31) earnings per share. The company’s quarterly revenue was up 42.4% compared to the same quarter last year. Equities analysts anticipate that Duolingo will post -0.85 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $138.35, for a total value of $1,383,500.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $9,961.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Matthew Skaruppa sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $142.29, for a total transaction of $711,450.00. Following the completion of the sale, the chief financial officer now directly owns 43,987 shares of the company’s stock, valued at $6,258,910.23. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $138.35, for a total transaction of $1,383,500.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $9,961.20. The disclosure for this sale can be found here. Insiders have sold a total of 251,951 shares of company stock worth $30,684,818 over the last ninety days. Corporate insiders own 22.12% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several large investors have recently bought and sold shares of the company. Baillie Gifford & Co. increased its stake in Duolingo by 37.3% in the first quarter. Baillie Gifford & Co. now owns 4,467,624 shares of the company’s stock valued at $637,039,000 after purchasing an additional 1,214,871 shares in the last quarter. Durable Capital Partners LP increased its position in shares of Duolingo by 10.1% during the fourth quarter. Durable Capital Partners LP now owns 4,156,738 shares of the company’s stock worth $295,669,000 after acquiring an additional 379,844 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Duolingo by 24.8% during the third quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock worth $224,510,000 after acquiring an additional 468,057 shares in the last quarter. BlackRock Inc. increased its position in shares of Duolingo by 2.8% during the third quarter. BlackRock Inc. now owns 2,050,703 shares of the company’s stock worth $195,287,000 after acquiring an additional 56,708 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Duolingo by 605.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company’s stock worth $98,596,000 after acquiring an additional 966,604 shares in the last quarter. Institutional investors own 63.16% of the company’s stock.

About Duolingo

(Get Rating)

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.