Duolingo, Inc. (NASDAQ:DUOL) Receives $237.40 Average Price Target from Analysts

Duolingo, Inc. (NASDAQ:DUOL) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $255.50.

DUOL has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America raised their price objective on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $250.00 target price on shares of Duolingo in a research report on Tuesday, September 10th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Piper Sandler restated an “overweight” rating and set a $271.00 price objective on shares of Duolingo in a report on Friday, August 30th.

Insiders Place Their Bets

In other news, insider Robert Meese sold 5,000 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the sale, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares of the company’s stock, valued at $29,001,597.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the sale, the insider now owns 142,053 shares in the company, valued at approximately $40,490,787.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,374 shares of company stock valued at $22,019,727. 18.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in Duolingo in the second quarter valued at $31,000. Blue Trust Inc. acquired a new stake in shares of Duolingo during the 2nd quarter valued at about $32,000. GAMMA Investing LLC increased its stake in shares of Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Duolingo in the 2nd quarter worth about $36,000. Finally, Fifth Third Bancorp acquired a new stake in Duolingo in the second quarter valued at approximately $40,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Up 0.0 %

DUOL opened at $278.03 on Friday. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 286.63 and a beta of 0.76. Duolingo has a 12 month low of $140.16 and a 12 month high of $297.56. The stock has a fifty day moving average price of $208.21 and a 200-day moving average price of $206.23.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. During the same period in the previous year, the company posted $0.08 earnings per share. The firm’s revenue was up 40.6% on a year-over-year basis. As a group, equities research analysts anticipate that Duolingo will post 1.87 earnings per share for the current fiscal year.

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.