Duolingo (NASDAQ:DUOL) Given New $92.00 Price Target at JPMorgan Chase & Co.

Duolingo (NASDAQ:DUOL) had its price target cut by JPMorgan Chase & Co. from $95.00 to $92.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently weighed in on the stock. BMO Capital Markets raised shares of Duolingo to a “buy” rating in a research note on Monday, January 12th. Truist Financial downgraded Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Friday, February 27th. Scotiabank reissued a “sector perform” rating and issued a $100.00 target price (down from $300.00) on shares of Duolingo in a research note on Friday, February 27th. Barclays dropped their target price on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Finally, Needham & Company LLC reduced their price target on Duolingo from $300.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $206.16.

Duolingo Stock Up 4.3%

Shares of NASDAQ DUOL opened at $104.84 on Monday. The stock has a market capitalization of $4.85 billion, a P/E ratio of 12.31, a PEG ratio of 0.70 and a beta of 0.89. Duolingo has a one year low of $87.89 and a one year high of $544.93. The firm’s 50 day simple moving average is $101.74 and its two-hundred day simple moving average is $170.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.61 and a quick ratio of 2.61.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The firm had revenue of $282.87 million during the quarter, compared to analyst estimates of $275.95 million. The firm’s revenue was up 35.0% on a year-over-year basis. As a group, analysts expect that Duolingo will post 3.08 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 3,545 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95. Following the completion of the transaction, the insider directly owned 115,380 shares of the company’s stock, valued at approximately $13,096,783.80. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Meese sold 1,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total transaction of $110,060.00. Following the sale, the insider owned 122,636 shares of the company’s stock, valued at approximately $13,497,318.16. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,939 shares of company stock valued at $1,676,291. Company insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of DUOL. EFG International AG purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $26,000. Atlantic Union Bankshares Corp purchased a new stake in Duolingo in the third quarter worth $32,000. AlphaCentric Advisors LLC purchased a new stake in Duolingo in the fourth quarter worth $33,000. Banque Cantonale Vaudoise boosted its holdings in Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 115 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

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.