Duolingo (NASDAQ:DUOL) Price Target Raised to $295.00

Duolingo (NASDAQ:DUOL) had its price target raised by Barclays from $183.00 to $295.00 in a report published on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. 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. UBS Group boosted 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, Piper Sandler raised their price objective on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

Duolingo Stock Up 3.5 %

Duolingo stock opened at $326.89 on Thursday. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $330.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 178.63 and a beta of 0.79. The firm has a fifty day moving average price of $270.84 and a two-hundred day moving average price of $221.61.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. The company had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same period in the previous year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. As a group, analysts forecast that Duolingo will post 1.87 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Duolingo 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 sale, the chief financial officer now directly 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 can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on 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 transaction, the insider now owns 139,760 shares of the company’s stock, valued at $29,001,597.60. 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 valued at $15,802,382 in the last 90 days. 18.30% of the stock is owned by corporate insiders.

Institutional Trading of Duolingo

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after buying an additional 67,004 shares during the last quarter. Whale Rock Capital Management LLC increased its position in Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after acquiring an additional 245,599 shares in the last quarter. Dragoneer Investment Group LLC bought a new position in shares of Duolingo in the second quarter worth about $204,768,000. American Century Companies Inc. lifted its position in shares of Duolingo by 25.1% during the second quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock worth $104,117,000 after purchasing an additional 100,167 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after purchasing an additional 238,990 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

About Duolingo

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.