Duolingo, Inc. (NASDAQ:DUOL) Receives $375.00 Consensus Target Price from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $376.25.

DUOL has been the topic of several recent analyst reports. UBS Group set a $400.00 price target on Duolingo in a report on Tuesday. Barclays raised their price target on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Needham & Company LLC increased their price objective on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a research report on Tuesday. Finally, Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective on the stock.

Duolingo Stock Up 4.3 %

Shares of NASDAQ DUOL opened at $301.12 on Friday. The business’s fifty day moving average price is $348.11 and its 200-day moving average price is $318.30. The stock has a market capitalization of $13.62 billion, a PE ratio of 164.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo has a one year low of $145.05 and a one year high of $441.77.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities research analysts anticipate that Duolingo will post 2.03 EPS for the current year.

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Matthew Skaruppa sold 5,000 shares of Duolingo stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00. Following the completion of the sale, the chief financial officer now owns 67,730 shares in the company, valued at approximately $21,977,030.40. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,499 shares of company stock worth $28,144,768 in the last ninety days. 18.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

Large investors have recently made changes to their positions in the business. Catalyst Capital Advisors LLC purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $1,994,000. Lecap Asset Management Ltd. purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $429,000. Taika Capital LP purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $2,697,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Duolingo in the 3rd quarter valued at approximately $4,350,000. 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.