Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $325.44

Duolingo, Inc. (NASDAQ:DUOL) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $325.44.

DUOL has been the topic of a number of research analyst reports. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Wolfe Research assumed coverage on Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. UBS Group lifted their price target on shares of Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Duolingo Stock Performance

Shares of DUOL stock opened at $314.33 on Friday. The company has a market capitalization of $13.69 billion, a P/E ratio of 173.90 and a beta of 0.79. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $330.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.09. The stock has a 50 day moving average price of $272.96 and a two-hundred day moving average price of $222.38.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the prior year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 39.9% compared to the same quarter last year. Analysts expect that Duolingo will post 2.02 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the sale, the insider now directly owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Robert Meese sold 4,819 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the completion of the sale, the insider now owns 157,053 shares of the company’s stock, valued at $37,695,861.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares in the company, valued at $29,001,597.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,374 shares of company stock valued at $15,802,382 in the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the third quarter valued at $29,000. Farther Finance Advisors LLC boosted its holdings in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Duolingo in the second quarter worth approximately $32,000. Larson Financial Group LLC bought a new stake in shares of Duolingo in the second quarter worth approximately $31,000. Finally, GAMMA Investing LLC raised its holdings in shares of Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

About Duolingo

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.