Duolingo’s (DUOL) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Duolingo (NASDAQ:DUOLFree Report) in a report published on Friday, Benzinga reports. Piper Sandler currently has a $265.00 target price on the stock, down from their prior target price of $282.00.

Several other analysts have also recently issued reports on DUOL. The Goldman Sachs Group upped their price objective on shares of Duolingo from $160.00 to $190.00 and gave the company a sell rating in a research note on Thursday, February 29th. Needham & Company LLC increased their price target on Duolingo from $241.00 to $267.00 and gave the company a buy rating in a report on Thursday, May 9th. JPMorgan Chase & Co. began coverage on Duolingo in a research report on Monday, March 11th. They set an overweight rating and a $270.00 price objective on the stock. Seaport Res Ptn reaffirmed a buy rating on shares of Duolingo in a research note on Tuesday, February 27th. Finally, Bank of America lifted their price target on Duolingo from $230.00 to $260.00 and gave the stock a neutral rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Duolingo has an average rating of Hold and a consensus target price of $244.63.

Check Out Our Latest Analysis on DUOL

Duolingo Price Performance

Shares of Duolingo stock opened at $180.99 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The business has a 50 day simple moving average of $218.60 and a two-hundred day simple moving average of $208.31. The stock has a market capitalization of $7.76 billion, a P/E ratio of 186.59 and a beta of 0.82. Duolingo has a 12 month low of $121.89 and a 12 month high of $251.30.

Duolingo (NASDAQ:DUOLGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.30 by $0.27. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The firm had revenue of $167.70 million during the quarter, compared to the consensus estimate of $165.60 million. During the same period in the prior year, the company earned ($0.06) EPS. The firm’s revenue was up 44.9% compared to the same quarter last year. As a group, analysts predict that Duolingo will post 1.6 EPS for the current fiscal year.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 22,023 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $220.26, for a total transaction of $4,850,785.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Amy Bohutinsky sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $202.14, for a total value of $3,032,100.00. Following the completion of the transaction, the director now directly owns 4,253 shares of the company’s stock, valued at $859,701.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ahn Luis Von sold 22,023 shares of Duolingo stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $220.26, for a total value of $4,850,785.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,223 shares of company stock worth $26,893,230. 19.85% of the stock is currently owned by company insiders.

Institutional Trading of Duolingo

A number of large investors have recently bought and sold shares of the business. Discovery Value Fund acquired a new stake in shares of Duolingo during the fourth quarter worth about $27,000. Bamco Inc. NY purchased a new stake in shares of Duolingo during the third quarter worth approximately $39,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duolingo during the fourth quarter worth $39,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Duolingo in the 4th quarter valued at $73,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Duolingo in the 4th quarter valued at $92,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Company Profile

(Get Free Report)

Duolingo, Inc operates as a mobile learning platform in the United States, 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 English language proficiency assessment exam.

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Analyst Recommendations for Duolingo (NASDAQ:DUOL)

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