Duolingo (NASDAQ:DUOL) Earns “Market Perform” Rating from JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Duolingo (NASDAQ:DUOL) in a research report report published on Friday morning,Benzinga reports.

Several other equities analysts have also recently issued reports on the stock. DA Davidson upped their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Barclays increased their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Duolingo Stock Performance

NASDAQ:DUOL opened at $432.69 on Friday. The stock’s 50-day moving average is $349.58 and its 200-day moving average is $294.42. Duolingo has a 1-year low of $145.05 and a 1-year high of $436.98. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $19.03 billion, a P/E ratio of 236.44 and a beta of 0.89.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 188,901 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 289,624 shares of company stock worth $98,478,298. Corporate insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC bought a new stake in shares of Duolingo in the 3rd quarter worth $26,000. First Horizon Advisors Inc. purchased a new position in Duolingo during the third quarter worth about $29,000. Quarry LP grew its position in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the 4th quarter valued at about $31,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other 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.