Barclays Forecasts Strong Price Appreciation for Duolingo (NASDAQ:DUOL) Stock

Duolingo (NASDAQ:DUOL) had its target price upped by equities research analysts at Barclays from $295.00 to $330.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 5.75% from the company’s current price.

A number of other brokerages also recently commented on DUOL. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. DA Davidson increased their target price on Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus price target of $369.09.

Duolingo Stock Down 17.0 %

Shares of DUOL traded down $63.71 during midday trading on Friday, hitting $312.07. The company had a trading volume of 3,453,877 shares, compared to its average volume of 761,619. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo has a 52 week low of $145.05 and a 52 week high of $441.77. The company’s 50 day moving average price is $360.31 and its 200 day moving average price is $309.24. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 170.53 and a beta of 0.89.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the sale, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $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 three months, insiders sold 305,639 shares of company stock valued at $105,445,057. 18.30% of the stock is owned by company insiders.

Institutional Trading of Duolingo

A number of hedge funds have recently modified their holdings of DUOL. FMR LLC lifted its position in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Norges Bank acquired a new position in shares of Duolingo in the 4th quarter valued at $152,296,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after acquiring an additional 398,259 shares during the period. Invesco Ltd. lifted its holdings in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after acquiring an additional 378,225 shares during the period. Finally, Spyglass Capital Management LLC acquired a new stake in shares of Duolingo during the 3rd quarter valued at about $38,512,000. Institutional investors own 91.59% of the company’s stock.

About Duolingo

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.