Duolingo (NASDAQ:DUOL) Given New $500.00 Price Target at DA Davidson

Duolingo (NASDAQ:DUOL - Get Free Report) had its price objective cut by equities research analysts at DA Davidson from $600.00 to $500.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's target price suggests a potential upside of 21.15% from the stock's previous close.

Several other equities research analysts also recently commented on DUOL. Piper Sandler set a $375.00 target price on Duolingo in a report on Friday, May 2nd. The Goldman Sachs Group raised their price target on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Scotiabank upped their price target on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Barclays increased their price objective on shares of Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Argus started coverage on shares of Duolingo in a report on Wednesday. They issued a "buy" rating and a $575.00 target price for the company. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $443.53.

Duolingo Stock Down 2.4%

Shares of Duolingo stock traded down $10.08 during trading on Wednesday, hitting $412.72. The company's stock had a trading volume of 401,460 shares, compared to its average volume of 723,392. Duolingo has a 52 week low of $145.05 and a 52 week high of $544.93. The company has a market capitalization of $18.76 billion, a PE ratio of 203.83, a P/E/G ratio of 3.44 and a beta of 1.00. The company has a fifty day simple moving average of $468.28 and a two-hundred day simple moving average of $383.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68.

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

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 3,482 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the sale, the insider now directly owns 127,251 shares in the company, valued at $40,668,147.09. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total value of $2,619,280.00. The disclosure for this sale can be found here. Insiders have sold 76,482 shares of company stock worth $30,373,992 in the last quarter. Company insiders own 18.30% of the company's stock.

Institutional Trading of Duolingo

Several hedge funds have recently bought and sold shares of DUOL. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo during the 1st quarter valued at about $25,000. Rise Advisors LLC raised its stake 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 acquiring an additional 24 shares during the period. Summit Securities Group LLC purchased a new position in Duolingo during the first quarter valued at approximately $28,000. Quarry LP lifted its holdings in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after purchasing an additional 95 shares during the period. 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.

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