Duolingo (NASDAQ:DUOL) PT Lowered to $230.00

Duolingo (NASDAQ:DUOL - Get Free Report) had its price objective lowered by research analysts at Barclays from $243.00 to $230.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price indicates a potential upside of 14.67% from the company's current price.

Several other brokerages also recently weighed in on DUOL. Seaport Res Ptn reaffirmed a "buy" rating on shares of Duolingo in a report on Tuesday, February 27th. Needham & Company LLC lifted their price objective on shares of Duolingo from $241.00 to $267.00 and gave the company a "buy" rating in a research report on Thursday. UBS Group upped their target price on shares of Duolingo from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. initiated coverage on Duolingo in a research report on Monday, March 11th. They set an "overweight" rating and a $270.00 price objective for the company. Finally, The Goldman Sachs Group raised their price target on Duolingo from $160.00 to $190.00 and gave the company a "sell" rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $246.75.

Duolingo Stock Down 18.0 %

Shares of Duolingo stock traded down $44.06 during trading on Thursday, hitting $200.58. The company's stock had a trading volume of 3,521,272 shares, compared to its average volume of 762,712. Duolingo has a 52 week low of $121.89 and a 52 week high of $251.30. 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 company has a fifty day simple moving average of $221.21 and a two-hundred day simple moving average of $207.17. The company has a market capitalization of $8.60 billion, a PE ratio of 587.02 and a beta of 0.82.

Duolingo (NASDAQ:DUOL - Get Free Report) last released 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. The business had revenue of $167.70 million during the quarter, compared to analyst estimates of $165.60 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. Duolingo's revenue was up 44.9% compared to the same quarter last year. During the same period last year, the business earned ($0.06) EPS. Equities research analysts predict that Duolingo will post 1.38 earnings per share for the current year.

Insider Transactions at Duolingo

In other news, CEO Ahn Luis Von sold 13,600 shares of the firm's stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Stephen C. Chen sold 2,000 shares of Duolingo stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $190.00, for a total transaction of $380,000.00. Following the completion of the sale, the general counsel now directly owns 35,033 shares in the company, valued at approximately $6,656,270. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 13,600 shares of Duolingo stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total transaction of $2,833,424.00. The disclosure for this sale can be found here. Insiders have sold 125,223 shares of company stock valued at $27,273,230 over the last ninety days. Insiders own 19.85% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Discovery Value Fund bought a new position in shares of Duolingo during the 4th quarter valued at $27,000. Bamco Inc. NY acquired a new stake in shares of Duolingo during the third quarter worth $39,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duolingo during the fourth quarter worth about $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Duolingo in the fourth quarter valued at approximately $73,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Duolingo during the 4th quarter worth about $92,000. 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.