Duolingo (NASDAQ:DUOL) Price Target Raised to $350.00 at DA Davidson

Duolingo (NASDAQ:DUOL) had its price objective upped by DA Davidson from $250.00 to $350.00 in a research report sent to investors on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

DUOL has been the topic of a number of other research reports. Needham & Company LLC lifted their target price on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday. Wolfe Research assumed coverage on shares of Duolingo in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $325.44.

Duolingo Stock Up 3.5 %

NASDAQ DUOL traded up $11.07 on Thursday, reaching $326.89. 682,468 shares of the stock traded hands, compared to its average volume of 702,307. Duolingo has a 12 month low of $145.05 and a 12 month 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 company has a fifty day moving average price of $268.56 and a 200-day moving average price of $220.76. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 225.59 and a beta of 0.79.

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

Insider Buying and Selling at Duolingo

In other news, CFO Matthew Skaruppa sold 17,591 shares of the company’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 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Matthew Skaruppa sold 17,591 shares of the 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 completion of the transaction, the chief financial officer now owns 88,856 shares in the company, valued at approximately $18,417,183.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the sale, the insider now directly owns 139,760 shares in the company, valued at approximately $29,001,597.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,374 shares of company stock valued at $15,802,382 in the last ninety days. Company insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC acquired a new position in Duolingo during the second quarter valued at approximately $31,000. Blue Trust Inc. bought a new stake in shares of Duolingo during the 2nd quarter worth $32,000. GAMMA Investing LLC boosted its stake in Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in Duolingo in the second quarter valued at about $36,000. Finally, Farther Finance Advisors LLC raised its stake in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares in 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.