Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, UBS Group Analyst Says

Duolingo (NASDAQ:DUOLGet Free Report) had its price objective lifted by equities researchers at UBS Group from $408.00 to $410.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 16.90% from the company’s current price.

DUOL has been the subject of a number of other research reports. Needham & Company LLC lifted their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Piper Sandler raised their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Scotiabank initiated coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Finally, Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $355.55.

Check Out Our Latest Stock Analysis on Duolingo

Duolingo Stock Up 7.3 %

Shares of NASDAQ:DUOL opened at $350.72 on Monday. The business has a fifty day moving average price of $340.10 and a two-hundred day moving average price of $276.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market capitalization of $15.43 billion, a PE ratio of 191.65 and a beta of 0.87. Duolingo has a 1 year low of $145.05 and a 1 year high of $378.48.

Duolingo (NASDAQ:DUOLGet Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue was up 39.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Analysts forecast that Duolingo will post 2.03 earnings per share for the current year.

Insider Transactions at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the transaction, the insider now owns 72 shares in the company, valued at $24,044.40. This trade represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 281,124 shares of company stock worth $95,033,738 over the last three months. 18.30% of the stock is currently owned by company insiders.

Institutional Trading of Duolingo

Institutional investors and hedge funds have recently modified their holdings of the company. True Wealth Design LLC bought a new stake in Duolingo during the 3rd quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo in the 3rd quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the 4th quarter worth $31,000. Farther Finance Advisors LLC boosted its holdings in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Duolingo during the 4th quarter valued at approximately $55,000. 91.59% of the stock is currently owned by institutional investors.

About Duolingo

(Get Free Report)

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.

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Analyst Recommendations for Duolingo (NASDAQ:DUOL)

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