Duolingo, Inc. (NASDAQ:DUOL) Receives $426.29 Average Price Target from Analysts

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $435.57.

DUOL has been the subject of several research analyst reports. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a research report on Tuesday, March 18th. The Goldman Sachs Group increased their target price on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. DA Davidson increased their target price on Duolingo from $470.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on Duolingo from $360.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Scotiabank raised their price target on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd.

Insider Buying and Selling

In related news, insider Natalie Glance sold 9,020 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now directly owns 130,733 shares in the company, valued at $37,989,702.47. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 93,853 shares of company stock worth $31,627,441 in the last ninety days. 15.67% of the stock is owned by insiders.

Institutional Trading of Duolingo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Duolingo in the 4th quarter valued at about $1,994,000. Taika Capital LP acquired a new position in shares of Duolingo in the 4th quarter valued at about $2,697,000. BNP Paribas Financial Markets acquired a new position in shares of Duolingo in the 4th quarter valued at about $9,708,000. Lecap Asset Management Ltd. acquired a new position in shares of Duolingo in the 4th quarter valued at about $429,000. Finally, Redwood Investment Management LLC acquired a new position in Duolingo in the 4th quarter worth about $1,429,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $7.24 during trading on Thursday, hitting $526.85. The company had a trading volume of 679,991 shares, compared to its average volume of 709,005. The stock has a 50 day simple moving average of $415.26 and a 200 day simple moving average of $369.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo has a 12 month low of $145.05 and a 12 month high of $544.93. The firm has a market capitalization of $23.95 billion, a P/E ratio of 287.90 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. The company's revenue for the quarter was up 37.6% compared to the same quarter last year. As a group, analysts anticipate that Duolingo will post 2.03 earnings per share for the current year.

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.