Duolingo (NASDAQ:DUOL) Given New $480.00 Price Target at Morgan Stanley

Duolingo (NASDAQ:DUOL - Get Free Report) had its target price reduced by equities researchers at Morgan Stanley from $515.00 to $480.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 29.44% from the stock's current price.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. boosted their price objective on Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Needham & Company LLC lifted their target price on Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Evercore ISI upped their price target on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Scotiabank raised their price objective on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Finally, UBS Group reiterated an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $441.20.

Duolingo Stock Down 2.5%

Shares of NASDAQ:DUOL traded down $9.62 during trading on Tuesday, reaching $370.82. 680,253 shares of the stock were exchanged, compared to its average volume of 733,191. The stock has a fifty day moving average of $474.93 and a two-hundred day moving average of $388.24. Duolingo has a 1-year low of $145.05 and a 1-year high of $544.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 182.67, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The business's revenue was up 37.6% on a year-over-year basis. Research analysts anticipate that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total transaction of $2,619,280.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total value of $1,975,000.00. Following the transaction, the insider owned 118,805 shares of the company's stock, valued at $46,927,975. The trade was a 4.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,000 shares of company stock valued at $30,265,780. 15.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duolingo

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC lifted its holdings in Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Duolingo in the first quarter valued at approximately $25,000. Quarry LP boosted its position in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares during the period. Summit Securities Group LLC bought a new stake in Duolingo during the 1st quarter worth approximately $28,000. Finally, Brooklyn Investment Group increased its holdings in Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after acquiring an additional 95 shares during the period. Hedge funds and other 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.