The Goldman Sachs Group Boosts Duolingo (NASDAQ:DUOL) Price Target to $403.00

Duolingo (NASDAQ:DUOL - Free Report) had its price target increased by The Goldman Sachs Group from $340.00 to $403.00 in a report issued on Monday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Barclays increased their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. DA Davidson lifted their price objective on Duolingo from $410.00 to $470.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. UBS Group raised their price target on shares of Duolingo from $400.00 to $500.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research note on Tuesday, March 18th. Finally, Evercore ISI boosted their price objective on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $426.29.

Duolingo Stock Up 1.9 %

Shares of NASDAQ DUOL traded up $9.40 on Monday, reaching $512.97. 604,321 shares of the company's stock traded hands, compared to its average volume of 728,165. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The business's 50 day simple moving average is $342.98 and its two-hundred day simple moving average is $343.86. Duolingo has a 12 month low of $145.05 and a 12 month high of $513.87. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 280.31 and a beta of 0.88.

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

Insider Activity at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,868 shares of company stock worth $38,594,200. 15.67% of the stock is owned by company insiders.

Institutional Trading of Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kensington Investment Counsel LLC increased its holdings in shares of Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock worth $1,826,000 after purchasing an additional 30 shares during the last quarter. Lido Advisors LLC grew its holdings in Duolingo by 0.3% during the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after buying an additional 30 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Duolingo by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock worth $914,000 after acquiring an additional 34 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company's stock worth $334,000 after acquiring an additional 39 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Duolingo by 24.4% during the 1st quarter. Larson Financial Group LLC now owns 199 shares of the company's stock valued at $62,000 after acquiring an additional 39 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

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.