Duolingo, Inc. (NASDAQ:DUOL) Receives $353.90 Consensus Target Price from Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $353.90.

DUOL has been the subject of a number of recent research reports. Needham & Company LLC boosted their price objective on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price target on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Barclays upped their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 248,660 shares of company stock valued at $84,364,251 over the last ninety days. 18.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new position in shares of Duolingo in the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its position in Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Duolingo during the 2nd quarter worth approximately $31,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo during the 2nd quarter valued at approximately $36,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Price Performance

Shares of DUOL stock opened at $340.06 on Monday. Duolingo has a twelve month low of $145.05 and a twelve month high of $378.48. 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 fifty day simple moving average of $332.32 and a two-hundred day simple moving average of $260.67. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 185.83 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, analysts predict that Duolingo will post 2.02 EPS for the current fiscal year.

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.