Duolingo, Inc. (NASDAQ:DUOL) Receives $325.44 Average PT from Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $331.33.

A number of brokerages have recently commented on DUOL. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC lifted their target price on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays lifted their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. UBS Group lifted their target price on Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the transaction, the chief financial officer now directly owns 88,856 shares in the company, valued at $18,417,183.12. This represents a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 70,374 shares of company stock valued at $15,802,382. Corporate insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently made changes to their positions in DUOL. Duality Advisers LP purchased a new position in Duolingo in the first quarter valued at $287,000. SG Americas Securities LLC raised its holdings in Duolingo by 261.8% in the 1st quarter. SG Americas Securities LLC now owns 3,640 shares of the company’s stock valued at $803,000 after acquiring an additional 2,634 shares during the last quarter. Swiss National Bank increased its holdings in shares of Duolingo by 1.3% during the 1st quarter. Swiss National Bank now owns 60,100 shares of the company’s stock worth $13,257,000 after buying an additional 800 shares during the last quarter. Headlands Technologies LLC increased its holdings in Duolingo by 19.8% in the 1st quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock valued at $169,000 after purchasing an additional 127 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Duolingo in the first quarter worth about $528,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Down 0.3 %

NASDAQ DUOL opened at $322.57 on Friday. The stock’s 50-day moving average price is $277.45 and its 200-day moving average price is $223.72. 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 $330.61. The company has a market capitalization of $14.04 billion, a P/E ratio of 176.27 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, equities research analysts predict that Duolingo will post 2.02 earnings per share for the current year.

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.