Duolingo, Inc. (NASDAQ:DUOL) Receives $353.90 Consensus Price Target from Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $353.90.

A number of research analysts recently weighed in on the company. UBS Group upped their price target on Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays increased their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. DA Davidson raised their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Duolingo Stock Performance

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

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

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $280.91, for a total transaction of $421,365.00. Following the completion of the sale, the insider now owns 138,260 shares in the company, valued at approximately $38,838,616.60. This trade represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Severin Hacker sold 188,901 shares of the business’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 completion of the transaction, the insider now owns 72 shares in the company, 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. Insiders have sold 245,160 shares of company stock worth $83,163,216 in the last 90 days. Insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of large investors have recently bought and sold shares of the company. Mount Lucas Management LP grew its stake in shares of Duolingo by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after acquiring an additional 32 shares during the period. CIBC Asset Management Inc lifted its holdings in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after purchasing an additional 32 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after purchasing an additional 73 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Duolingo by 164.6% in 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 in the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of Duolingo in the third quarter valued at approximately $26,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.