Analysts Set Duolingo, Inc. (NASDAQ:DUOL) PT at $325.44

Duolingo, Inc. (NASDAQ:DUOL) has earned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $331.33.

Several research firms recently commented on DUOL. Needham & Company LLC boosted their price objective on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. DA Davidson increased their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays boosted their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America raised their price target on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

Duolingo Trading Down 4.7 %

Shares of NASDAQ:DUOL opened at $307.32 on Friday. The company has a market capitalization of $13.38 billion, a PE ratio of 167.93 and a beta of 0.79. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo has a 12-month low of $145.05 and a 12-month high of $330.61. The business’s fifty day simple moving average is $281.68 and its 200-day simple moving average is $224.95.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, equities research analysts predict that Duolingo will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction dated 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 sale, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. This represents a 35.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction that occurred 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 owns 88,856 shares of the company’s stock, valued at approximately $18,417,183.12. This represents a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

Several large investors have recently made changes to their positions in the company. Dragoneer Investment Group LLC acquired a new stake in Duolingo during the second quarter valued at $204,768,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after acquiring an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC grew its position in shares of Duolingo by 17.8% during the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after acquiring an additional 1,760 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Duolingo by 73.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after purchasing an additional 154,659 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after purchasing an additional 67,004 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.