Duolingo (NASDAQ:DUOL) Price Target Raised to $250.00

Duolingo (NASDAQ:DUOL) had its price objective increased by The Goldman Sachs Group from $198.00 to $250.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Barclays cut their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Evercore ISI raised Duolingo to a “strong-buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Piper Sandler restated an “overweight” rating and issued a $271.00 price target on shares of Duolingo in a research note on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $277.22.

Duolingo Stock Down 0.5 %

Shares of Duolingo stock opened at $286.12 on Wednesday. The company has a fifty day moving average price of $243.03 and a 200 day moving average price of $212.58. 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 twelve month low of $140.16 and a twelve month high of $297.56. The stock 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 posted its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company’s revenue for the quarter 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. Equities research analysts forecast that Duolingo will post 1.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the sale, the insider now directly owns 144,282 shares in the company, valued at approximately $23,341,941.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the transaction, the insider now directly owns 144,282 shares in the company, valued at $23,341,941.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the sale, the insider now directly owns 142,053 shares in the company, valued at $40,490,787.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,374 shares of company stock valued at $18,571,912 over the last quarter. Insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in shares of Duolingo during the second quarter worth approximately $32,000. Larson Financial Group LLC acquired a new position in Duolingo during the 2nd quarter worth $31,000. GAMMA Investing LLC boosted its position in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in shares of Duolingo in the second quarter worth $36,000. Finally, Fifth Third Bancorp acquired a new position in shares of Duolingo during the second quarter valued at $40,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Company Profile

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.