JPMorgan Chase & Co. Raises Duolingo (NASDAQ:DUOL) Price Target to $125.00

Duolingo (NASDAQ:DUOL) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $94.00 to $125.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 6.61% from the stock’s current price.

DUOL has been the topic of several other research reports. Wells Fargo & Company raised their price target on Duolingo from $81.00 to $82.00 and gave the company an “underweight” rating in a research note on Tuesday, July 7th. DA Davidson reaffirmed a “neutral” rating and issued a $120.00 price objective on shares of Duolingo in a research note on Monday, June 29th. Wedbush started coverage on shares of Duolingo in a report on Thursday. They set a “neutral” rating and a $139.00 target price on the stock. Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Evercore set a $97.00 price target on shares of Duolingo in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $167.17.

Duolingo Stock Up 3.8%

Shares of NASDAQ DUOL opened at $133.85 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.04 and a beta of 0.88. The stock has a 50 day moving average price of $118.95 and a 200 day moving average price of $119.29. Duolingo has a 52-week low of $87.89 and a 52-week high of $468.00.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.Duolingo’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Sell-side analysts expect that Duolingo will post 2.8 earnings per share for the current year.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.61, for a total transaction of $224,606.97. Following the completion of the sale, the general counsel directly owned 52,807 shares in the company, valued at $5,999,403.27. This represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the sale, the insider directly owned 173,401 shares in the company, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 9,506 shares of company stock valued at $1,073,864. Corporate insiders own 16.62% of the company’s stock.

Institutional Trading of Duolingo

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Duolingo by 1,868.2% during the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after acquiring an additional 411 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Duolingo by 123.9% in the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after purchasing an additional 48,451 shares during the last quarter. Focus Partners Wealth grew its holdings in Duolingo by 28.3% in the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after purchasing an additional 446 shares during the last quarter. Amundi increased its position in shares of Duolingo by 142.1% during the second quarter. Amundi now owns 26,075 shares of the company’s stock worth $10,352,000 after purchasing an additional 15,306 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of Duolingo during the second quarter worth $205,000. 91.59% of the stock is currently owned by institutional investors.

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.