Duolingo (NASDAQ:DUOL) Given New $400.00 Price Target at UBS Group

Duolingo (NASDAQ:DUOL) had its price objective reduced by UBS Group from $430.00 to $400.00 in a research note issued to investors on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other brokerages also recently commented on DUOL. JMP Securities restated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Barclays lifted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a research note on Tuesday, March 18th. DA Davidson lifted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $372.92.

Duolingo Price Performance

DUOL opened at $329.35 on Friday. The firm has a market capitalization of $14.90 billion, a P/E ratio of 179.97 and a beta of 0.91. Duolingo has a 12-month low of $145.05 and a 12-month high of $441.77. 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 fifty day moving average of $339.41 and a 200-day moving average of $328.98.

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

Insider Activity

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $333.95, for a total transaction of $3,339,500.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at $24,044.40. This trade represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,868 shares of company stock worth $32,042,420. Company insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

Hedge funds have recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Duolingo in the first quarter valued at about $25,000. Quarry LP raised its position in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd boosted its position in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock valued at $34,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.