Duolingo (NYSE:DUOL) PT Raised to $160.00

Duolingo (NYSE:DUOL) had its price objective hoisted by The Goldman Sachs Group from $140.00 to $160.00 in a research report report published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued reports about the company. Raymond James started coverage on Duolingo in a research note on Monday, August 28th. They issued a market perform rating for the company. Piper Sandler upped their price target on shares of Duolingo from $191.00 to $217.00 and gave the company an overweight rating in a research note on Thursday. Evercore ISI lifted their price objective on shares of Duolingo from $180.00 to $200.00 in a research note on Thursday, October 12th. Barclays increased their target price on shares of Duolingo from $136.00 to $149.00 in a research report on Wednesday, August 9th. Finally, Needham & Company LLC upped their price target on shares of Duolingo from $160.00 to $210.00 and gave the stock a buy rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Duolingo currently has a consensus rating of Hold and a consensus price target of $176.78.

Duolingo Trading Up 4.2 %

DUOL stock opened at $211.53 on Thursday. Duolingo has a one year low of $64.73 and a one year high of $217.16. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of -783.44 and a beta of 0.33. The company has a fifty day moving average price of $160.69 and a two-hundred day moving average price of $149.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.62 and a quick ratio of 3.62.

Duolingo (NYSE:DUOL) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The business had revenue of $137.60 million for the quarter, compared to analyst estimates of $132.14 million. Duolingo had a negative net margin of 2.06% and a negative return on equity of 1.76%. Duolingo’s quarterly revenue was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.46) EPS. Equities analysts anticipate that Duolingo will post 0.19 EPS for the current year.

Insider Activity at Duolingo

In other Duolingo news, major shareholder Durable Capital Partners Lp sold 70,863 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $159.23, for a total value of $11,283,515.49. Following the completion of the transaction, the insider now directly owns 3,876,751 shares in the company, valued at $617,295,061.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Duolingo news, major shareholder Durable Capital Partners Lp sold 70,863 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $159.23, for a total value of $11,283,515.49. Following the completion of the transaction, the insider now directly owns 3,876,751 shares in the company, valued at approximately $617,295,061.73. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 2,467 shares of Duolingo stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $132.44, for a total transaction of $326,729.48. Following the transaction, the chief financial officer now owns 59,994 shares in the company, valued at approximately $7,945,605.36. The disclosure for this sale can be found here. Insiders have sold a total of 234,738 shares of company stock valued at $37,148,319 in the last 90 days. 19.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

A number of hedge funds have recently made changes to their positions in the stock. Atticus Wealth Management LLC acquired a new stake in Duolingo during the 2nd quarter valued at approximately $40,000. Captrust Financial Advisors boosted its stake in shares of Duolingo by 620.8% in the 1st quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock valued at $53,000 after purchasing an additional 478 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Duolingo during the fourth quarter worth $58,000. Nisa Investment Advisors LLC raised its stake in Duolingo by 78.1% during the first quarter. Nisa Investment Advisors LLC now owns 570 shares of the company’s stock worth $81,000 after buying an additional 250 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Duolingo by 48.8% in the first quarter. Daiwa Securities Group Inc. now owns 595 shares of the company’s stock valued at $85,000 after buying an additional 195 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, China, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital language proficiency assessment exam.