Duolingo, Inc. (NASDAQ:DUOL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $355.55.

DUOL has been the subject of a number of research analyst reports. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson raised their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th.

Insider Activity

In other news, CFO Matthew Skaruppa sold 3,284 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,429,459.52. Following the completion of the transaction, the chief financial officer now directly owns 59,982 shares in the company, valued at approximately $26,108,964.96. This trade represents a 5.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently bought and sold shares of DUOL. Vontobel Holding Ltd. bought a new stake in Duolingo during the third quarter valued at approximately $474,000. nVerses Capital LLC lifted its position in Duolingo by 33.3% during the third quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $113,000 after purchasing an additional 100 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in Duolingo during the third quarter valued at approximately $265,000. Blue Trust Inc. lifted its position in Duolingo by 228.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $133,000 after purchasing an additional 327 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after purchasing an additional 353,918 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Performance

NASDAQ DUOL opened at $385.35 on Tuesday. Duolingo has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a 50-day simple moving average of $356.96 and a 200 day simple moving average of $304.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market capitalization of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89.

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.