Duolingo, Inc. (NASDAQ:DUOL) Receives $270.56 Consensus Target Price from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $277.22.

Several analysts have issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. The Goldman Sachs Group raised their target price on shares of Duolingo from $198.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group raised their target price on shares of Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the sale, the chief financial officer now directly owns 95,731 shares in the company, valued at $15,939,211.50. 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. In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.49, for a total transaction of $1,664,900.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at approximately $11,987.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the sale, the chief financial officer now owns 95,731 shares of the company’s stock, valued at $15,939,211.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,374 shares of company stock valued at $18,571,912 over the last ninety days. 18.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dragoneer Investment Group LLC acquired a new position in Duolingo during the second quarter valued at $204,768,000. Whale Rock Capital Management LLC lifted its position in Duolingo by 23.9% during the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after purchasing an additional 245,599 shares during the period. Bank of New York Mellon Corp lifted its position in Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after buying an additional 154,659 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new position in Duolingo in the first quarter valued at $28,555,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Down 0.5 %

Shares of NASDAQ:DUOL opened at $286.12 on Wednesday. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo has a 12 month low of $140.16 and a 12 month high of $297.56. The company has a 50-day moving average price of $243.03 and a 200 day moving average price of $212.58. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 294.97 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. As a group, equities research analysts predict that Duolingo will post 1.87 earnings per share for the current year.

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.