Duolingo, Inc. (NASDAQ:DUOL) Receives $244.63 Average Price Target from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) have received a consensus recommendation of "Hold" from the eleven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $244.63.

A number of equities research analysts have weighed in on DUOL shares. The Goldman Sachs Group lifted their price objective on Duolingo from $160.00 to $190.00 and gave the company a "sell" rating in a report on Thursday, February 29th. Needham & Company LLC boosted their price target on Duolingo from $241.00 to $267.00 and gave the stock a "buy" rating in a research note on Thursday, May 9th. Seaport Res Ptn reissued a "buy" rating on shares of Duolingo in a research note on Tuesday, February 27th. Piper Sandler reissued an "overweight" rating and set a $265.00 price target (down previously from $282.00) on shares of Duolingo in a research note on Friday, May 10th. Finally, UBS Group boosted their price target on Duolingo from $230.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, February 29th.

Insider Buying and Selling

In related news, CEO Ahn Luis Von sold 13,600 shares of Duolingo stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy Bohutinsky sold 15,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $202.14, for a total value of $3,032,100.00. Following the completion of the transaction, the director now owns 4,253 shares of the company's stock, valued at $859,701.42. The disclosure for this sale can be found here. Insiders sold 123,223 shares of company stock worth $26,893,230 in the last ninety days. Insiders own 19.85% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DUOL. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Duolingo by 5.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company's stock worth $231,000 after buying an additional 55 shares during the last quarter. 9258 Wealth Management LLC increased its holdings in shares of Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company's stock worth $347,000 after buying an additional 65 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in shares of Duolingo by 0.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company's stock worth $2,003,000 after buying an additional 72 shares during the last quarter. Xponance Inc. boosted its position in Duolingo by 4.8% during the 4th quarter. Xponance Inc. now owns 1,774 shares of the company's stock worth $402,000 after purchasing an additional 82 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its position in Duolingo by 6.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company's stock worth $382,000 after purchasing an additional 100 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $3.06 during midday trading on Friday, reaching $179.14. 794,736 shares of the company were exchanged, compared to its average volume of 1,339,730. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.08. Duolingo has a 1 year low of $121.89 and a 1 year high of $251.30. The stock has a fifty day simple moving average of $215.85 and a 200 day simple moving average of $209.23. The stock has a market cap of $7.68 billion, a P/E ratio of 184.68 and a beta of 0.82.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.27. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The company had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. During the same quarter in the previous year, the company earned ($0.06) EPS. The firm's revenue for the quarter was up 44.9% compared to the same quarter last year. On average, research analysts forecast that Duolingo will post 1.74 earnings per share for the current fiscal year.

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.