Duolingo (NASDAQ:DUOL) Price Target Raised to $410.00

Duolingo (NASDAQ:DUOL) had its price objective upped by UBS Group from $408.00 to $410.00 in a research note released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price target for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Barclays lifted their price objective on shares of 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 increased their target price on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Scotiabank assumed coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target for the company. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $355.55.

Duolingo Trading Up 2.2 %

DUOL stock opened at $358.48 on Monday. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 195.89 and a beta of 0.87. The company has a fifty day moving average price of $340.64 and a two-hundred day moving average price of $277.22. Duolingo has a one year low of $145.05 and a one year high of $378.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the firm posted $0.06 EPS. Duolingo’s revenue was up 39.9% compared to the same quarter last year. Equities analysts anticipate that Duolingo will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the firm’s 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 owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 281,124 shares of company stock valued at $95,033,738. 18.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DUOL. True Wealth Design LLC acquired a new stake in shares of Duolingo during the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo in the fourth quarter valued at about $31,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo during the third quarter valued at about $29,000. Farther Finance Advisors LLC grew its holdings in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $55,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.