Duolingo (NASDAQ:DUOL) Upgraded at DA Davidson

Duolingo (NASDAQ:DUOL) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a $160.00 price objective on the stock, up from their previous price objective of $130.00. DA Davidson’s price target would suggest a potential upside of 22.93% from the company’s previous close.

A number of other analysts also recently issued reports on DUOL. Bank of America downgraded Duolingo from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $103.00 to $93.00 in a research report on Tuesday, August 4th. Truist Financial lifted their price target on shares of Duolingo from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. UBS Group lifted their price target on shares of Duolingo from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup reissued a “neutral” rating on shares of Duolingo in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Duolingo in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Duolingo currently has an average rating of “Hold” and a consensus price target of $130.50.

Duolingo Trading Down 2.0%

Shares of Duolingo stock opened at $130.16 on Tuesday. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.07 and a beta of 0.87. Duolingo has a fifty-two week low of $87.89 and a fifty-two week high of $371.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.72 and a current ratio of 2.72. The stock has a 50 day moving average of $128.62 and a 200 day moving average of $114.24.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The company had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $295.58 million. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. As a group, research analysts predict that Duolingo will post 2.67 earnings per share for the current year.

Hedge Funds Weigh In On Duolingo

Institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC lifted its position in shares of Duolingo by 194.1% during the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 165 shares in the last quarter. EFG International AG acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $26,000. AlphaCentric Advisors LLC acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $33,000. Banque Cantonale Vaudoise grew its holdings in shares of Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Duolingo during the 2nd quarter worth approximately $34,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Company Profile

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.