DA Davidson Raises Duolingo (NASDAQ:DUOL) Price Target to $410.00

Duolingo (NASDAQ:DUOL) had its price target upped by investment analysts at DA Davidson from $400.00 to $410.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 30.16% from the stock’s previous close.

A number of other research firms have also recently weighed in on DUOL. UBS Group set a $400.00 price target on Duolingo in a report on Tuesday, March 18th. Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.08.

Duolingo Trading Down 5.4 %

NASDAQ DUOL opened at $315.00 on Thursday. Duolingo has a one year low of $145.05 and a one year high of $441.77. The firm’s fifty day moving average is $347.74 and its two-hundred day moving average is $323.06. 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 firm has a market cap of $14.25 billion, a PE ratio of 172.13 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Analysts expect that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, insider Robert Meese sold 5,351 shares of Duolingo stock in a transaction on Monday, March 24th. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02. Following the transaction, the insider now owns 133,805 shares in the company, valued at $42,820,276.10. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gillian Munson sold 5,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the sale, the director now directly owns 3,530 shares of the company’s stock, valued at $1,094,300. This represents a 58.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,850 shares of company stock worth $34,389,695. 18.30% of the stock is owned by company insiders.

Institutional Trading of Duolingo

A number of institutional investors have recently modified their holdings of the company. Kensington Investment Counsel LLC lifted its position in Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after buying an additional 30 shares in the last quarter. Lido Advisors LLC grew its stake in Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after buying an additional 30 shares during the period. Atria Investments Inc increased its position in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after acquiring an additional 39 shares in the last quarter. Lisanti Capital Growth LLC lifted its holdings in shares of Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock valued at $3,789,000 after acquiring an additional 40 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Duolingo by 19.3% during the 4th 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. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.