Duolingo (NASDAQ:DUOL) Price Target Raised to $410.00

Duolingo (NASDAQ:DUOL) had its price target upped by UBS Group from $408.00 to $410.00 in a research note issued to investors on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group upped their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. DA Davidson boosted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Price Performance

Duolingo stock opened at $358.48 on Monday. The business’s 50-day simple moving average is $340.64 and its 200 day simple moving average is $277.22. 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 market cap of $15.77 billion, a price-to-earnings ratio of 195.89 and a beta of 0.87. Duolingo has a 12-month low of $145.05 and a 12-month high of $378.48.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. As a group, research analysts anticipate that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity

In other news, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on 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 transaction, the insider now owns 72 shares of the company’s stock, valued at $24,044.40. The trade was a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 281,124 shares of company stock worth $95,033,738 over the last three months. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC bought a new position in Duolingo in the third quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo during the 3rd quarter worth approximately $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Duolingo in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its stake in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Duolingo during the fourth quarter worth $55,000. 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.