UBS Group Increases Duolingo (NASDAQ:DUOL) Price Target to $410.00

Duolingo (NASDAQ:DUOL) had its target price upped by UBS Group from $408.00 to $410.00 in a research note released on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Piper Sandler boosted their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. DA Davidson lifted their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC increased their price objective on Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Stock Down 0.5 %

Shares of NASDAQ DUOL opened at $326.82 on Monday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $339.52 and a 200 day moving average of $275.52. Duolingo has a 12-month low of $145.05 and a 12-month high of $378.48. The stock has a market cap of $14.38 billion, a PE ratio of 178.59 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, sell-side analysts predict that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. Insiders have sold a total of 281,124 shares of company stock valued at $95,033,738 in the last ninety days. Company insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently modified their holdings of DUOL. Mount Lucas Management LP raised its stake in Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after buying an additional 32 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after acquiring an additional 32 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Duolingo by 6.1% during the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock worth $323,000 after purchasing an additional 57 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Duolingo by 50.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after purchasing an additional 60 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.