Analysts Set Duolingo, Inc. (NASDAQ:DUOL) PT at $353.90

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $353.90.

A number of research firms have recently commented on DUOL. UBS Group boosted their price target on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. DA Davidson boosted their target price on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th.

Duolingo Stock Performance

Shares of DUOL opened at $324.23 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 177.18 and a beta of 0.85. Duolingo has a 52-week low of $145.05 and a 52-week high of $378.48. The stock’s 50-day simple moving average is $329.58 and its 200 day simple moving average is $258.18.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. Research analysts forecast that Duolingo will post 2.02 EPS for the current fiscal year.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 245,160 shares of company stock worth $83,163,216. 18.30% of the stock is currently owned by insiders.

Institutional Trading of Duolingo

A number of institutional investors have recently made changes to their positions in DUOL. Mount Lucas Management LP increased its stake in shares of Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after buying an additional 32 shares during the period. CIBC Asset Management Inc grew its holdings in Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after acquiring an additional 32 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Duolingo by 3.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after acquiring an additional 73 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. Finally, True Wealth Design LLC purchased a new stake in shares of Duolingo during the third quarter worth about $26,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.