Brokerages Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $309.75

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned an average rating of “Hold” from the twenty-four analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $309.75.

A number of analysts recently issued reports on the company. Bank of America upgraded Duolingo from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $301.00 to $250.00 in a research report on Monday, January 5th. Barclays lowered their target price on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Jefferies Financial Group lifted their price target on shares of Duolingo from $210.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, December 11th. UBS Group set a $245.00 price objective on shares of Duolingo in a research report on Monday, January 5th. Finally, The Goldman Sachs Group dropped their target price on Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, November 7th.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $263.13, for a total transaction of $2,631,300.00. Following the completion of the sale, the insider directly owned 72 shares of the company’s stock, valued at approximately $18,945.36. The trade was a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalie Glance sold 2,534 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $177.95, for a total transaction of $450,925.30. Following the completion of the transaction, the insider owned 113,637 shares in the company, valued at approximately $20,221,704.15. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,169 shares of company stock worth $11,605,151 in the last 90 days. 18.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

Several large investors have recently added to or reduced their stakes in DUOL. Kiker Wealth Management LLC acquired a new stake in Duolingo during the 2nd quarter valued at $31,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Duolingo in the second quarter valued at $40,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Duolingo during the third quarter valued at $32,000. Farther Finance Advisors LLC increased its position in Duolingo by 82.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter. Finally, State of Wyoming acquired a new position in Duolingo in the 1st quarter valued at about $42,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Trading Up 1.6%

DUOL opened at $176.66 on Friday. The stock has a 50-day moving average of $189.51 and a 200 day moving average of $281.79. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07. Duolingo has a 12 month low of $166.27 and a 12 month high of $544.93. The firm has a market cap of $8.17 billion, a P/E ratio of 22.39, a P/E/G ratio of 0.93 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $5.23. The business had revenue of $271.71 million for the quarter, compared to the consensus estimate of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, research analysts forecast that Duolingo will post 2.03 EPS for the current year.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.