Duolingo (NASDAQ:DUOL) Price Target Increased to $303.00 by Analysts at JPMorgan Chase & Co.

Duolingo (NASDAQ:DUOL) had its target price lifted by JPMorgan Chase & Co. from $255.00 to $303.00 in a report released on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler reissued an overweight rating and issued a $271.00 price target on shares of Duolingo in a research note on Friday, August 30th. Bank of America boosted their target price on shares of Duolingo from $292.00 to $298.00 and gave the stock a buy rating in a research report on Wednesday. Barclays cut their price target on shares of Duolingo from $230.00 to $183.00 and set an equal weight rating on the stock in a report on Friday, August 9th. DA Davidson reaffirmed a buy rating and issued a $250.00 price objective on shares of Duolingo in a research note on Tuesday, September 10th. Finally, Needham & Company LLC increased their target price on shares of Duolingo from $245.00 to $310.00 and gave the stock a buy rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $255.50.

Duolingo Price Performance

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

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (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 company had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities research analysts predict that Duolingo will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $198.61, for a total value of $1,986,100.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $14,299.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.61, for a total value of $1,986,100.00. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $14,299.92. The transaction was disclosed in a document filed 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 dated Monday, July 8th. The stock was sold at an average price of $196.24, for a total transaction of $294,360.00. Following the transaction, the insider now owns 145,782 shares in the company, valued at approximately $28,608,259.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,374 shares of company stock valued at $22,019,727. Insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC acquired a new stake in Duolingo during the second quarter valued at approximately $31,000. Blue Trust Inc. acquired a new stake in Duolingo in the 2nd quarter valued at $32,000. GAMMA Investing LLC grew its position in Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Duolingo during the second quarter worth $36,000. Finally, Fifth Third Bancorp bought a new position in shares of Duolingo during the second quarter valued at $40,000. 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.