Duolingo (NASDAQ:DUOL) Given New $400.00 Price Target at UBS Group

Duolingo (NASDAQ:DUOL) had its price target lowered by equities research analysts at UBS Group from $430.00 to $400.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 22.98% from the company’s previous close.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Duolingo from $410.00 to $360.00 and set an “overweight” rating for the company in a research note on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. The Goldman Sachs Group raised their price objective on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. DA Davidson boosted their price objective on Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Finally, Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research note on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and a consensus target price of $372.92.

Duolingo Stock Performance

DUOL stock traded up $8.31 during midday trading on Friday, reaching $325.25. 230,352 shares of the company’s stock traded hands, compared to its average volume of 738,898. The company has a 50-day moving average price of $340.55 and a two-hundred day moving average price of $328.34. The firm has a market capitalization of $14.72 billion, a PE ratio of 179.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo has a 52 week low of $145.05 and a 52 week high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its quarterly 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). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. As a group, equities analysts anticipate that Duolingo will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 9,020 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the sale, the insider now owns 130,733 shares of the company’s stock, valued at $37,989,702.47. This represents a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $21,054.96. This represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,332 shares of company stock valued at $33,442,107 in the last ninety days. 18.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duolingo

Several large investors have recently modified their holdings of DUOL. FMR LLC raised its stake in Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after buying an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Duolingo by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after buying an additional 70,705 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Duolingo by 0.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock valued at $434,398,000 after buying an additional 10,638 shares during the last quarter. Invesco Ltd. raised its stake in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after acquiring an additional 378,225 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company’s stock worth $221,676,000 after acquiring an additional 10,698 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

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.