Duolingo (NASDAQ:DUOL) PT Lowered to $230.00

Duolingo (NASDAQ:DUOL) had its price target lowered by investment analysts at Barclays from $243.00 to $230.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 12.39% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Bank of America increased their price objective on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Piper Sandler raised their price target on Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Needham & Company LLC raised their price target on Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their price target on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. started coverage on Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Duolingo has an average rating of “Hold” and a consensus target price of $246.75.

Duolingo Stock Performance

NASDAQ DUOL traded down $40.00 on Thursday, hitting $204.64. 1,916,698 shares of the stock traded hands, compared to its average volume of 743,159. The business’s fifty day moving average is $221.21 and its two-hundred day moving average is $207.17. Duolingo has a 12 month low of $121.89 and a 12 month high of $251.30. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 587.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.27. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The business had revenue of $167.70 million during the quarter, compared to analyst estimates of $165.60 million. During the same period in the prior year, the company earned ($0.06) earnings per share. Duolingo’s revenue was up 44.9% compared to the same quarter last year. As a group, equities analysts anticipate that Duolingo will post 1.38 EPS for the current fiscal year.

Insider Activity

In other news, CEO Ahn Luis Von sold 13,600 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Stephen C. Chen sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $190.00, for a total transaction of $380,000.00. Following the transaction, the general counsel now directly owns 35,033 shares of the company’s stock, valued at $6,656,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ahn Luis Von sold 13,600 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,223 shares of company stock valued at $27,273,230. 19.85% of the stock is currently owned by insiders.

Institutional Trading of Duolingo

Several large investors have recently modified their holdings of DUOL. 9258 Wealth Management LLC boosted its position in Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after acquiring an additional 65 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its position in Duolingo by 0.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock valued at $2,003,000 after acquiring an additional 72 shares in the last quarter. Xponance Inc. boosted its position in Duolingo by 4.8% during the 4th quarter. Xponance Inc. now owns 1,774 shares of the company’s stock valued at $402,000 after acquiring an additional 82 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in Duolingo by 6.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock valued at $382,000 after acquiring an additional 100 shares in the last quarter. Finally, Discovery Value Fund bought a new stake in Duolingo during the 4th quarter valued at approximately $27,000. 91.59% of the stock is owned by institutional investors.

About Duolingo

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.