Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $245.13

Shares of Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) have earned an average rating of "Hold" from the eleven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $245.13.

A number of equities research analysts have recently commented on DUOL shares. Barclays raised their price target on Duolingo from $173.00 to $243.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 29th. The Goldman Sachs Group raised their price target on Duolingo from $160.00 to $190.00 and gave the stock a "sell" rating in a research report on Thursday, February 29th. Piper Sandler raised their price target on Duolingo from $217.00 to $282.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. Seaport Res Ptn reaffirmed a "buy" rating on shares of Duolingo in a research report on Tuesday, February 27th. Finally, Needham & Company LLC raised their price target on Duolingo from $210.00 to $241.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total value of $1,786,200.00. Following the sale, the insider now owns 72 shares of the company's stock, valued at approximately $12,860.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the transaction, the insider now directly owns 124,505 shares in the company, valued at $26,812,151.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total value of $1,786,200.00. Following the transaction, the insider now owns 72 shares of the company's stock, valued at $12,860.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,223 shares of company stock valued at $23,682,665. 19.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DUOL. CHURCHILL MANAGEMENT Corp bought a new stake in Duolingo in the 4th quarter valued at $1,411,000. Raymond James & Associates bought a new position in Duolingo in the fourth quarter worth approximately $4,211,000. Cerity Partners LLC boosted its holdings in Duolingo by 2,767.0% in the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company's stock worth $10,614,000 after acquiring an additional 45,157 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company's stock worth $99,887,000 after acquiring an additional 358,938 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Duolingo in the fourth quarter valued at approximately $4,374,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Trading Down 1.9 %

NASDAQ:DUOL traded down $4.15 during mid-day trading on Wednesday, hitting $216.38. The company had a trading volume of 877,260 shares, compared to its average volume of 733,379. Duolingo has a fifty-two week low of $116.82 and a fifty-two week high of $245.87. The business's fifty day moving average is $211.51 and its two-hundred day moving average is $202.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The firm has a market cap of $9.28 billion, a P/E ratio of 636.43 and a beta of 0.83.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The firm had revenue of $150.99 million for the quarter, compared to analyst estimates of $146.98 million. As a group, research analysts expect that Duolingo will post 1.38 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.