Morgan Stanley Forecasts Strong Price Appreciation for Duolingo (NASDAQ:DUOL) Stock

Duolingo (NASDAQ:DUOL - Free Report) had its price objective boosted by Morgan Stanley from $435.00 to $515.00 in a report released on Monday morning, Marketbeat.com reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on DUOL. Scotiabank lifted their target price on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Needham & Company LLC raised their price target on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. UBS Group boosted their price objective on shares of Duolingo from $400.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $360.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Duolingo from $275.00 to $340.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $426.29.

Duolingo Trading Up 1.9 %

Shares of DUOL stock traded up $9.40 during trading hours on Monday, reaching $512.97. 604,321 shares of the stock were exchanged, compared to its average volume of 728,165. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 280.31 and a beta of 0.88. Duolingo has a 12-month low of $145.05 and a 12-month high of $513.87. The company's 50-day moving average price is $342.98 and its 200-day moving average price is $343.86. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating 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 business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. The business's revenue for the quarter was up 37.6% compared to the same quarter last year. As a group, equities analysts anticipate that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 2,667 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now owns 129,572 shares in the company, valued at $56,400,100.16. The trade was a 2.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the general counsel now owns 34,634 shares of the company's stock, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,868 shares of company stock valued at $38,594,200 over the last quarter. 15.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

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

About Duolingo

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.