Brokerages Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $375.00

Duolingo, Inc. (NASDAQ:DUOL) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $375.00.

Several research firms have recently commented on DUOL. JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Finally, Barclays boosted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 9,020 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the sale, the insider now directly owns 130,733 shares of the company’s stock, valued at $37,989,702.47. This represents a 6.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at $24,251.04. This trade represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,499 shares of company stock worth $29,162,568. 18.30% of the stock is owned by corporate insiders.

Institutional Trading of Duolingo

Several large investors have recently made changes to their positions in the business. FMR LLC boosted its holdings in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after acquiring an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after buying an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock worth $434,398,000 after buying an additional 10,638 shares in the last quarter. Invesco Ltd. boosted its holdings in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares in the last quarter. Finally, State Street Corp boosted its holdings in Duolingo by 3.6% during the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after buying an additional 36,923 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Trading Up 3.8 %

NASDAQ:DUOL opened at $294.18 on Friday. Duolingo has a one year low of $145.05 and a one year high of $441.77. 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 $13.31 billion, a P/E ratio of 160.75 and a beta of 0.92. The firm has a 50-day simple moving average of $349.18 and a 200-day simple moving average of $317.89.

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

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.