Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Price Target at $422.50

Duolingo, Inc. (NASDAQ:DUOL) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $426.29.

A number of equities research analysts recently weighed in on DUOL shares. UBS Group upped their price target on Duolingo from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Scotiabank upped their price objective on shares of Duolingo from $405.00 to $470.00 and gave the company a “sector outperform” rating in a research note on Friday, May 2nd. JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Piper Sandler set a $375.00 price objective on Duolingo in a report on Friday, May 2nd. Finally, Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock.

Duolingo Stock Performance

Shares of DUOL opened at $503.86 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $22.80 billion, a PE ratio of 275.33 and a beta of 0.88. Duolingo has a 12-month low of $145.05 and a 12-month high of $509.01. The company’s 50 day simple moving average is $338.60 and its 200-day simple moving average is $342.26.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo’s quarterly revenue was up 37.6% on a year-over-year basis. As a group, equities analysts predict that Duolingo will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total value of $3,478,320.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,868 shares of company stock worth $38,594,200 over the last quarter. 18.30% of the stock is owned by corporate insiders.

Institutional Trading of Duolingo

Hedge funds have recently added to or reduced their stakes in the business. Kensington Investment Counsel LLC raised its position in shares of Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after purchasing an additional 30 shares during the period. Lido Advisors LLC lifted its position in shares of Duolingo by 0.3% in the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after purchasing an additional 30 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Duolingo by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company’s stock worth $914,000 after buying an additional 34 shares in the last quarter. Atria Investments Inc boosted its position in Duolingo by 3.9% during the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after purchasing an additional 39 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Duolingo by 24.4% in the 1st quarter. Larson Financial Group LLC now owns 199 shares of the company’s stock valued at $62,000 after buying an additional 39 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.