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

Duolingo (NASDAQ:DUOL) had its price target lifted by DA Davidson from $400.00 to $410.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on DUOL. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. The Goldman Sachs Group lifted their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. UBS Group set a $400.00 target price on shares of Duolingo in a report on Tuesday, March 18th. Finally, Scotiabank started coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $377.08.

Duolingo Stock Down 5.4 %

Shares of Duolingo stock opened at $315.00 on Thursday. The company has a 50-day simple moving average of $347.74 and a two-hundred day simple moving average of $323.80. Duolingo has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a market capitalization of $14.25 billion, a PE ratio of 172.13 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. On average, analysts anticipate that Duolingo will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the sale, the insider now directly owns 129,572 shares of the company’s stock, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,850 shares of company stock worth $34,389,695 over the last quarter. 18.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the business. Kensington Investment Counsel LLC boosted its stake in shares of Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after acquiring an additional 30 shares during the period. Lido Advisors LLC boosted its stake in Duolingo by 0.3% in the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after purchasing an additional 30 shares during the period. Atria Investments Inc boosted its stake in Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after purchasing an additional 39 shares during the period. Lisanti Capital Growth LLC grew its holdings in Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock valued at $3,789,000 after buying an additional 40 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after buying an additional 42 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

About Duolingo

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.