Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Price Target at $329.44

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given an average recommendation of “Hold” by the twenty-two analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $329.4444.

Several research analysts have commented on DUOL shares. Zacks Research downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Needham & Company LLC lowered their price target on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Evercore ISI set a $330.00 price objective on shares of Duolingo and gave the company an “outperform” rating in a research report on Thursday, November 6th. KeyCorp cut shares of Duolingo from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 6th. Finally, DA Davidson decreased their target price on shares of Duolingo from $220.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd.

Duolingo Stock Down 1.5%

Duolingo stock opened at $183.95 on Monday. The firm has a 50 day simple moving average of $234.28 and a 200 day simple moving average of $319.05. 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 1-year low of $166.27 and a 1-year high of $544.93. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.17 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The firm had revenue of $271.71 million during the quarter, compared to analyst estimates of $260.14 million. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. On average, analysts predict that Duolingo will post 2.03 earnings per share for the current year.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the sale, the insider owned 72 shares in the company, valued at approximately $20,803.68. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 3,059 shares of Duolingo stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $175.76, for a total value of $537,649.84. Following the sale, the chief financial officer directly owned 37,487 shares of the company’s stock, valued at $6,588,715.12. This represents a 7.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 76,452 shares of company stock valued at $18,736,132. 15.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duolingo

A number of institutional investors and hedge funds have recently bought and sold shares of DUOL. Bryce Point Capital LLC bought a new position in Duolingo during the 2nd quarter valued at approximately $946,000. Vanguard Group Inc. grew its position in shares of Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after buying an additional 116,135 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Duolingo during the second quarter valued at approximately $14,377,000. Rhumbline Advisers increased its stake in shares of Duolingo by 17.2% during the second quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock valued at $50,997,000 after buying an additional 18,210 shares during the period. Finally, Jefferies Financial Group Inc. raised its holdings in shares of Duolingo by 117.0% during the second quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock valued at $10,811,000 after acquiring an additional 14,219 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other 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.