Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, Piper Sandler Analyst Says

Duolingo (NASDAQ:DUOL) had its price target hoisted by Piper Sandler from $271.00 to $351.00 in a research note issued to investors on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on DUOL. JPMorgan Chase & Co. upped their target price on Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Evercore ISI raised Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Barclays lowered their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. UBS Group increased their price target on Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $325.44.

Duolingo Trading Up 3.5 %

NASDAQ:DUOL traded up $11.07 on Thursday, reaching $326.89. The company’s stock had a trading volume of 682,468 shares, compared to its average volume of 702,307. Duolingo has a 1-year low of $145.05 and a 1-year high of $330.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. The firm has a market cap of $14.23 billion, a PE ratio of 225.59 and a beta of 0.79. The business’s 50-day moving average price is $268.56 and its two-hundred day moving average price is $220.76.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter last year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. Equities research analysts anticipate that Duolingo will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the transaction, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now directly owns 35,558 shares of the company’s stock, valued at $7,522,294.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the transaction, the chief financial officer now directly owns 88,856 shares in the company, valued at $18,417,183.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,374 shares of company stock worth $15,802,382. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Duolingo by 5.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,118 shares of the company’s stock valued at $1,443,000 after buying an additional 280 shares during the period. Pathstone Holdings LLC increased its position in Duolingo by 15.3% during the third quarter. Pathstone Holdings LLC now owns 5,242 shares of the company’s stock valued at $1,478,000 after acquiring an additional 694 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Duolingo during the 3rd quarter worth about $105,000. WIM INVESTMENT MANAGEMENT Ltd bought a new position in Duolingo during the 3rd quarter valued at about $3,317,000. Finally, Mount Lucas Management LP raised its position in Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after purchasing an additional 32 shares during the period. 91.59% of the stock is currently owned by institutional investors.

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.