Duolingo (NASDAQ:DUOL) Given New $360.00 Price Target at JPMorgan Chase & Co.

Duolingo (NASDAQ:DUOL) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $410.00 to $360.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 17.64% from the company’s previous close.

DUOL has been the subject of several other reports. JMP Securities restated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Needham & Company LLC boosted their price target on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. UBS Group set a $400.00 price target on shares of Duolingo in a research note on Tuesday, March 18th. Piper Sandler lifted their price target on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group upped their price objective on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $372.92.

Duolingo Stock Up 3.2 %

NASDAQ:DUOL traded up $9.52 during mid-day trading on Tuesday, hitting $306.03. The company had a trading volume of 530,327 shares, compared to its average volume of 732,386. The business has a fifty day simple moving average of $345.00 and a 200-day simple moving average of $327.54. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 166.71 and a beta of 0.91. Duolingo has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate 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 net margin of 12.59% and a return on equity of 11.74%. Equities analysts forecast that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total transaction of $3,339,500.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $24,044.40. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 89,332 shares of company stock valued at $30,517,807. Company insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of large investors have recently added to or reduced their stakes in DUOL. Quarry LP boosted its stake in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd increased its stake in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. Versant Capital Management Inc raised its holdings in Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock worth $34,000 after buying an additional 84 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares in the last quarter. 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.