Brokerages Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $375.00

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $376.25.

DUOL has been the subject of several analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. UBS Group set a $400.00 price objective on shares of Duolingo in a research note on Tuesday. Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. DA Davidson lifted their price objective on shares of Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Needham & Company LLC lifted their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th.

Duolingo Trading Up 1.0 %

Duolingo stock opened at $309.30 on Friday. The company’s fifty day simple moving average is $347.58 and its 200-day simple moving average is $318.89. The company has a quick ratio of 3.09, a current 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 $441.77. The stock has a market cap of $13.99 billion, a P/E ratio of 169.02 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. As a group, sell-side analysts forecast that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $21,474. This represents a 99.29 % 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. Also, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,499 shares of company stock valued at $32,677,268. Insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DUOL. FMR LLC increased its stake in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after acquiring an additional 1,063,327 shares during the period. Norges Bank bought a new stake in Duolingo in the fourth quarter valued at about $152,296,000. T. Rowe Price Investment Management Inc. increased its stake in Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock valued at $152,659,000 after acquiring an additional 398,259 shares during the period. Invesco Ltd. increased its stake in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after acquiring an additional 378,225 shares during the period. Finally, Spyglass Capital Management LLC bought a new stake in Duolingo in the third quarter valued at about $38,512,000. 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.