Duolingo (NASDAQ:DUOL) Given New $200.00 Price Target at JPMorgan Chase & Co.

Duolingo (NASDAQ:DUOL) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $300.00 to $200.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 31.77% from the company’s current price.

Other research analysts have also issued reports about the company. Needham & Company LLC lowered their price target on Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. UBS Group set a $245.00 target price on shares of Duolingo in a research note on Monday, January 5th. The Goldman Sachs Group decreased their price objective on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Duolingo in a report on Monday, December 29th. Finally, Truist Financial set a $245.00 target price on Duolingo in a research report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Duolingo presently has an average rating of “Hold” and an average price target of $303.50.

Duolingo Stock Performance

DUOL traded up $1.62 on Tuesday, hitting $151.78. 647,201 shares of the company’s stock were exchanged, compared to its average volume of 2,016,687. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $180.78 and a two-hundred day moving average of $271.39. Duolingo has a twelve month low of $147.70 and a twelve month high of $544.93. The firm has a market cap of $7.02 billion, a PE ratio of 19.21, a P/E/G ratio of 0.79 and a beta of 0.87.

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

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 3,059 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $175.76, for a total transaction of $537,649.84. Following the completion of the sale, the chief financial officer directly owned 37,487 shares of the company’s stock, valued at approximately $6,588,715.12. This represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,514 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $175.87, for a total transaction of $266,267.18. Following the sale, the general counsel owned 31,542 shares in the company, valued at $5,547,291.54. This represents a 4.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 43,169 shares of company stock valued at $8,457,951. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DUOL. Vanguard Group Inc. grew its holdings in shares of Duolingo by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after acquiring an additional 116,135 shares in the last quarter. Baillie Gifford & Co. increased its position in Duolingo by 28.6% in the 3rd quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock worth $910,110,000 after purchasing an additional 628,943 shares during the last quarter. Dragoneer Investment Group LLC raised its stake in shares of Duolingo by 324.4% during the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock worth $508,760,000 after purchasing an additional 1,208,346 shares in the last quarter. State Street Corp lifted its holdings in shares of Duolingo by 0.5% during the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after buying an additional 6,109 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Duolingo by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 759,956 shares of the company’s stock valued at $311,930,000 after buying an additional 23,356 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.