Brokerages Set Duolingo, Inc. (NASDAQ:DUOL) PT at $237.40

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $255.50.

A number of research firms have commented on DUOL. DA Davidson restated a “buy” rating and set a $250.00 price target on shares of Duolingo in a research note on Tuesday, September 10th. Needham & Company LLC raised their target price on Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America boosted their price target on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Sandler reissued an “overweight” rating and issued a $271.00 price objective on shares of Duolingo in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research note on Wednesday.

Duolingo Price Performance

NASDAQ:DUOL opened at $287.54 on Friday. The company has a market capitalization of $12.40 billion, a P/E ratio of 296.43 and a beta of 0.76. 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 stock’s fifty day moving average is $204.17 and its two-hundred day moving average is $205.34.

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

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the sale, the insider now directly owns 144,282 shares of the company’s stock, valued at approximately $23,341,941.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Duolingo news, insider Robert Meese sold 5,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $270.00, for a total value of $1,350,000.00. Following the transaction, the insider now directly owns 147,053 shares in the company, valued at $39,704,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the sale, the insider now owns 144,282 shares of the company’s stock, valued at approximately $23,341,941.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,374 shares of company stock worth $20,809,527. Corporate insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Duolingo by 5.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after purchasing an additional 55 shares during the last quarter. 9258 Wealth Management LLC grew its stake in Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after buying an additional 65 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after buying an additional 73 shares during the period. Nisa Investment Advisors LLC lifted its stake in Duolingo by 19.5% in the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after buying an additional 85 shares during the last quarter. Finally, Strategic Advocates LLC boosted its holdings in shares of Duolingo by 8.3% in the second quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock valued at $240,000 after acquiring an additional 88 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.