Duolingo (NASDAQ:DUOL) Now Covered by Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Duolingo (NASDAQ:DUOL) in a research report released on Friday, MarketBeat.com reports. The brokerage issued a hold rating and a $370.00 target price on the stock.

Several other research analysts have also commented on the stock. Needham & Company LLC increased their price target on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Piper Sandler upped their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Barclays lifted their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Finally, Scotiabank initiated coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $355.36.

Duolingo Stock Performance

DUOL stock opened at $328.60 on Friday. 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’s fifty day moving average is $339.13 and its two-hundred day moving average is $274.58. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 179.56 and a beta of 0.87. Duolingo has a 1 year low of $145.05 and a 1 year high of $378.48.

Duolingo (NASDAQ:DUOL) last released its 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 analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo’s revenue was up 39.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. On average, research analysts predict that Duolingo will post 2.03 EPS for the current year.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total transaction of $3,339,500.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,044.40. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Insiders sold 281,124 shares of company stock worth $95,033,738 over the last three months. Insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently modified their holdings of DUOL. Mount Lucas Management LP raised its position in shares of Duolingo by 2.4% in 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 in the last quarter. CIBC Asset Management Inc raised its stake in Duolingo by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after buying an additional 32 shares during the period. Fifth Third Bancorp raised its position in shares of Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after purchasing an additional 42 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of 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 buying an additional 60 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in Duolingo by 3.9% in the 2nd 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 in the last quarter. 91.59% of the stock is owned by 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.