Duolingo (NASDAQ:DUOL) PT Raised to $250.00 at The Goldman Sachs Group

Duolingo (NASDAQ:DUOL) had its price objective raised by The Goldman Sachs Group from $198.00 to $250.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price suggests a potential downside of 13.40% from the company’s current price.

A number of other research firms have also weighed in on DUOL. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday. Piper Sandler reiterated an “overweight” rating and issued a $271.00 price target on shares of Duolingo in a research report on Friday, August 30th. Wolfe Research initiated coverage on Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Bank of America upped their price target on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Barclays cut their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $277.22.

Duolingo Stock Down 0.7 %

DUOL stock opened at $288.68 on Wednesday. The stock has a fifty day moving average of $236.38 and a 200-day moving average of $211.05. Duolingo has a fifty-two week low of $140.16 and a fifty-two week high of $297.56. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 304.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28.

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

Insider Transactions at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the sale, the chief financial officer now owns 95,731 shares in the company, valued at $15,939,211.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the sale, the chief financial officer now owns 95,731 shares in the company, valued at $15,939,211.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $280.91, for a total transaction of $421,365.00. Following the transaction, the insider now directly owns 138,260 shares in the company, valued at $38,838,616.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,374 shares of company stock valued at $18,571,912 in the last quarter. Insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

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

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.