Duolingo, Inc. (NASDAQ:DUOL) Receives $246.33 Consensus Target Price from Brokerages

Duolingo, Inc. (NASDAQ:DUOLGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $246.70.

A number of research analysts recently issued reports on the stock. Piper Sandler restated an “overweight” rating and set a $265.00 price objective (down previously from $282.00) on shares of Duolingo in a report on Friday, May 10th. UBS Group lifted their price target on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Barclays cut their price target on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. The Goldman Sachs Group lifted their price target on shares of Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research note on Thursday, February 29th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th.

Read Our Latest Report on Duolingo

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $218.42, for a total transaction of $2,184,200.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $15,726.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $218.42, for a total transaction of $2,184,200.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $15,726.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 12,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $218.40, for a total transaction of $2,620,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,198 shares of company stock valued at $14,719,998. 18.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently modified their holdings of DUOL. Victory Capital Management Inc. increased its holdings in shares of Duolingo by 6.6% in the third quarter. Victory Capital Management Inc. now owns 3,732 shares of the company’s stock valued at $619,000 after purchasing an additional 232 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Duolingo by 5.8% in the third quarter. Amalgamated Bank now owns 4,406 shares of the company’s stock valued at $731,000 after purchasing an additional 242 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Duolingo in the third quarter valued at $376,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Duolingo by 28.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 272,106 shares of the company’s stock valued at $45,134,000 after purchasing an additional 60,603 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new position in shares of Duolingo in the third quarter valued at about $631,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Up 6.4 %

Shares of NASDAQ DUOL opened at $211.87 on Thursday. The stock has a market cap of $9.14 billion, a P/E ratio of 218.42 and a beta of 0.72. The firm has a 50 day moving average price of $202.55 and a 200 day moving average price of $207.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22. Duolingo has a 52-week low of $121.89 and a 52-week high of $251.30.

Duolingo (NASDAQ:DUOLGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. The firm had revenue of $167.70 million during the quarter, compared to analysts’ expectations of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.06) earnings per share. Analysts expect that Duolingo will post 1.74 EPS for the current year.

Duolingo Company Profile

(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.

Recommended Stories

Analyst Recommendations for Duolingo (NASDAQ:DUOL)

Receive News & Ratings for Duolingo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duolingo and related companies with MarketBeat.com's FREE daily email newsletter.