Duolingo (NASDAQ:DUOL) Price Target Raised to $275.00

Duolingo (NASDAQ:DUOL) had its target price increased by JMP Securities from $260.00 to $275.00 in a report published on Wednesday, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

DUOL has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price objective on Duolingo from $275.00 to $255.00 and set an overweight rating on the stock in a report on Thursday, August 8th. DA Davidson restated a buy rating and issued a $250.00 price target on shares of Duolingo in a report on Tuesday, September 10th. Barclays decreased their target price on Duolingo from $230.00 to $183.00 and set an equal weight rating on the stock in a research report on Friday, August 9th. Bank of America raised shares of Duolingo from a neutral rating to a buy rating and set a $245.00 price target on the stock in a report on Friday, July 26th. Finally, Wolfe Research assumed coverage on Duolingo in a report on Tuesday, July 16th. They issued a peer perform rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $255.50.

Duolingo Stock Up 0.0 %

Shares of NASDAQ DUOL opened at $278.03 on Wednesday. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo has a 52-week low of $140.16 and a 52-week high of $297.56. The business has a 50-day moving average price of $208.21 and a 200 day moving average price of $206.07. The stock has a market cap of $11.99 billion, a PE ratio of 286.63 and a beta of 0.76.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. During the same period in the prior year, the company earned $0.08 earnings per share. The business’s revenue was up 40.6% compared to the same quarter last year. Equities research analysts forecast that Duolingo will post 1.87 earnings per share for the current year.

Insider Activity

In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at approximately $7,522,294.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction on Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at approximately $14,299.92. The disclosure for this sale can be found here. Insiders have sold 106,374 shares of company stock worth $22,019,727 over the last 90 days. Company insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the business. Dragoneer Investment Group LLC acquired a new stake in shares of Duolingo in the 2nd quarter worth about $204,768,000. Whale Rock Capital Management LLC increased its stake in Duolingo by 23.9% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after buying an additional 245,599 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after acquiring an additional 238,990 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after purchasing an additional 154,659 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in Duolingo during the 1st quarter valued at $28,555,000. Institutional investors and hedge funds 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.