Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, DA Davidson Analyst Says

Duolingo (NASDAQ:DUOL) had its target price hoisted by research analysts at DA Davidson from $350.00 to $400.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price target would suggest a potential upside of 25.72% from the company’s current price.

Several other research firms have also commented on DUOL. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Needham & Company LLC lifted their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday. JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Piper Sandler boosted their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Barclays lifted their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $365.00.

Duolingo Stock Performance

DUOL traded down $57.61 on Friday, reaching $318.17. The company had a trading volume of 1,727,383 shares, compared to its average volume of 714,824. The stock has a 50-day moving average price of $360.31 and a 200-day moving average price of $309.24. Duolingo has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $13.99 billion, a PE ratio of 174.18 and a beta of 0.89.

Insider Activity

In related news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value 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 $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. Insiders sold 305,639 shares of company stock valued at $105,445,057 over the last quarter. 18.30% of the stock is owned by company insiders.

Institutional Trading of Duolingo

A number of hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Duolingo during the third quarter valued at approximately $568,000. State of Alaska Department of Revenue increased its position in Duolingo by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,315 shares of the company’s stock valued at $1,216,000 after acquiring an additional 295 shares during the last quarter. New York State Teachers Retirement System increased its position in Duolingo by 1.5% during the third quarter. New York State Teachers Retirement System now owns 27,465 shares of the company’s stock valued at $7,746,000 after acquiring an additional 406 shares during the last quarter. US Bancorp DE increased its position in Duolingo by 142.3% in the third quarter. US Bancorp DE now owns 2,450 shares of the company’s stock worth $691,000 after buying an additional 1,439 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.