Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, DA Davidson Analyst Says

Duolingo (NASDAQ:DUOL) had its target price increased by DA Davidson from $250.00 to $350.00 in a research note published on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on DUOL. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Needham & Company LLC increased their price objective on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler boosted their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays boosted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday. Five 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $325.44.

Duolingo Trading Up 3.5 %

NASDAQ DUOL opened at $326.89 on Thursday. The stock has a 50-day moving average of $270.84 and a 200-day moving average of $221.61. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo has a 1-year low of $145.05 and a 1-year high of $330.61. The firm has a market cap of $14.23 billion, a PE ratio of 178.63 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data 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. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Duolingo will post 1.87 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the sale, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the completion of the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,417,183.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,374 shares of company stock worth $15,802,382 in the last quarter. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC grew its position in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the period. Blue Trust Inc. purchased a new stake in Duolingo during the second quarter valued at approximately $32,000. Larson Financial Group LLC bought a new position in Duolingo in the second quarter worth approximately $31,000. Finally, GAMMA Investing LLC boosted its stake in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares during the last quarter. Institutional investors 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.