Analysts Set Duolingo, Inc. (NASDAQ:DUOL) PT at $301.75

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given a consensus rating of “Hold” by the twenty-four research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $300.25.

Several equities analysts have weighed in on the company. KeyCorp lowered Duolingo from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 6th. Morgan Stanley cut their price target on Duolingo from $275.00 to $245.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. UBS Group set a $245.00 price objective on Duolingo in a report on Monday, January 5th. Zacks Research downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, The Goldman Sachs Group cut their target price on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, November 7th.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,514 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total value of $266,267.18. Following the completion of the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at $5,547,291.54. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 2,471 shares of Duolingo stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $175.79, for a total value of $434,377.09. Following the completion of the transaction, the insider owned 111,166 shares of the company’s stock, valued at approximately $19,541,871.14. This trade represents a 2.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 33,169 shares of company stock valued at $5,826,651. 18.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Kiker Wealth Management LLC purchased a new position in Duolingo during the second quarter valued at approximately $31,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Duolingo in the 2nd quarter worth approximately $40,000. Atlantic Union Bankshares Corp purchased a new position in shares of Duolingo during the 3rd quarter valued at $32,000. Farther Finance Advisors LLC grew its position in shares of Duolingo by 82.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Duolingo in the third quarter worth $47,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 1.1%

Duolingo stock opened at $120.24 on Tuesday. The firm has a 50 day moving average price of $167.12 and a 200-day moving average price of $246.29. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. Duolingo has a twelve month low of $112.41 and a twelve month high of $544.93. The company has a market capitalization of $5.56 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.64 and a beta of 0.86.

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.