Duolingo's (DUOL) "Overweight" Rating Reaffirmed at Piper Sandler

Duolingo (NASDAQ:DUOL - Get Free Report)'s stock had its "overweight" rating reaffirmed by Piper Sandler in a research note issued to investors on Friday, Benzinga reports. They presently have a $265.00 target price on the stock, down from their prior target price of $282.00. Piper Sandler's target price indicates a potential upside of 40.87% from the company's current price.

DUOL has been the topic of a number of other reports. Needham & Company LLC boosted 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. Seaport Res Ptn reaffirmed a "buy" rating on shares of Duolingo in a research note on Tuesday, February 27th. Barclays reduced their price objective on Duolingo from $243.00 to $230.00 and set an "equal weight" rating for the company in a research report on Thursday. UBS Group upped their target price on Duolingo from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Finally, Bank of America lifted their price target on Duolingo from $230.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Duolingo currently has an average rating of "Hold" and an average target price of $244.63.

Duolingo Trading Down 6.2 %

Shares of DUOL traded down $12.46 during midday trading on Friday, hitting $188.12. The stock had a trading volume of 1,873,309 shares, compared to its average volume of 774,950. The business has a 50-day simple moving average of $220.45 and a two-hundred day simple moving average of $207.12. The firm has a market cap of $8.07 billion, a P/E ratio of 565.49 and a beta of 0.82. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo has a fifty-two week low of $121.89 and a fifty-two week high of $251.30.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to analysts' expectations of $165.60 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The company's quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. As a group, equities analysts forecast that Duolingo will post 1.38 EPS for the current year.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $247.82, for a total transaction of $371,730.00. Following the completion of the sale, the insider now directly owns 123,005 shares of the company's stock, valued at approximately $30,483,099.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $247.82, for a total transaction of $371,730.00. Following the completion of the sale, the insider now owns 123,005 shares in the company, valued at approximately $30,483,099.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ahn Luis Von sold 12,000 shares of Duolingo stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $223.51, for a total value of $2,682,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 123,223 shares of company stock valued at $26,893,230 over the last 90 days. 19.85% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. increased its holdings in shares of Duolingo by 5.0% during the third quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company's stock worth $744,529,000 after buying an additional 213,552 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company's stock valued at $747,200,000 after acquiring an additional 67,004 shares during the period. FMR LLC boosted its holdings in Duolingo by 37.9% in the third quarter. FMR LLC now owns 1,019,641 shares of the company's stock valued at $169,128,000 after acquiring an additional 280,051 shares during the last quarter. Wellington Management Group LLP increased its position 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 purchasing an additional 358,938 shares during the period. Finally, Norges Bank bought a new stake in Duolingo during the 4th quarter worth about $84,042,000. 91.59% of the stock is owned by institutional investors.

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.