Duolingo, Inc. (NASDAQ:DUOL) Receives $325.44 Average Target Price from Brokerages

Duolingo, Inc. (NASDAQ:DUOL) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $331.33.

DUOL has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price target on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research report on Thursday.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the transaction, the insider now owns 139,760 shares of the company’s stock, valued at $29,001,597.60. This represents a 1.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares in the company, valued at approximately $18,417,183.12. The trade was a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,374 shares of company stock valued at $15,802,382. Insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of Duolingo during the third quarter valued at $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the third quarter valued at $29,000. Larson Financial Group LLC purchased a new stake in shares of Duolingo during the second quarter valued at $31,000. Blue Trust Inc. purchased a new stake in shares of Duolingo during the second quarter valued at $32,000. Finally, GAMMA Investing LLC boosted its position in shares of Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

NASDAQ DUOL opened at $322.57 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $14.04 billion, a PE ratio of 176.27 and a beta of 0.79. The company has a 50 day moving average price of $277.45 and a two-hundred day moving average price of $223.72. Duolingo has a 12-month low of $145.05 and a 12-month high of $330.61.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 39.9% compared to the same quarter last year. As a group, equities analysts predict that Duolingo will post 2.02 earnings per share for the current fiscal year.

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.