Duolingo (NASDAQ:DUOL) Price Target Lowered to $200.00 at JPMorgan Chase & Co.

Duolingo (NASDAQ:DUOL) had its price objective lowered by JPMorgan Chase & Co. from $300.00 to $200.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also commented on the company. Needham & Company LLC cut their price target on Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. DA Davidson dropped their price objective on shares of Duolingo from $220.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Scotiabank cut their target price on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 6th. Evercore ISI set a $330.00 price target on shares of Duolingo and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Truist Financial set a $245.00 price target on shares of Duolingo in a research note on Thursday, January 15th. Twelve equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Duolingo presently has a consensus rating of “Hold” and a consensus price target of $303.50.

Duolingo Stock Performance

Shares of Duolingo stock opened at $148.58 on Tuesday. The company’s 50 day moving average price is $179.86 and its two-hundred day moving average price is $269.65. The firm has a market capitalization of $6.87 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.79 and a beta of 0.87. Duolingo has a fifty-two week low of $147.70 and a fifty-two week high of $544.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company had revenue of $271.71 million during the quarter, compared to analysts’ expectations of $260.14 million. During the same period in the prior year, the company earned $0.49 EPS. Duolingo’s revenue was up 41.1% compared to the same quarter last year. On average, equities analysts forecast that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $172.74, for a total value of $1,727,400.00. Following the transaction, the insider owned 72 shares in the company, valued at $12,437.28. The trade was a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 1,514 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total value of $266,267.18. Following the sale, the general counsel owned 31,542 shares of the company’s stock, valued at approximately $5,547,291.54. The trade was a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 43,169 shares of company stock valued at $8,457,951. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently added to or reduced their stakes in DUOL. Kiker Wealth Management LLC acquired a new stake in shares of Duolingo during the 2nd quarter worth approximately $31,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Duolingo during the second quarter valued at about $40,000. Atlantic Union Bankshares Corp bought a new position in shares of Duolingo during the 3rd quarter worth about $32,000. Farther Finance Advisors LLC boosted its position in shares of Duolingo by 82.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Duolingo in the 3rd quarter valued at about $47,000. 91.59% of the stock is currently owned by institutional investors.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.