Duolingo (NASDAQ:DUOL) Price Target Raised to $275.00 at The Goldman Sachs Group

Duolingo (NASDAQ:DUOL) had its target price boosted by The Goldman Sachs Group from $250.00 to $275.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Piper Sandler upped their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday. Wolfe Research began coverage on shares of Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Finally, DA Davidson reiterated a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a research report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $325.44.

Duolingo Stock Performance

NASDAQ DUOL opened at $326.89 on Thursday. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 178.63 and a beta of 0.79. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo has a 1-year low of $145.05 and a 1-year high of $330.61. The company has a 50 day moving average of $270.84 and a 200-day moving average of $221.65.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. The business’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. On average, equities analysts forecast that Duolingo will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the transaction, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,417,183.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at $18,417,183.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the sale, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,374 shares of company stock worth $15,802,382. Insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in shares of Duolingo in the 3rd quarter valued at $29,000. Larson Financial Group LLC acquired a new position in Duolingo in the second quarter valued at about $31,000. Blue Trust Inc. bought a new stake in shares of Duolingo in the second quarter worth about $32,000. GAMMA Investing LLC increased its holdings in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Duolingo during the second quarter worth about $36,000. 91.59% of the stock is owned by institutional investors.

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.