Duolingo (NASDAQ:DUOL) Price Target Cut to $270.00 by Analysts at Citigroup

Duolingo (NASDAQ:DUOL) had its target price lowered by Citigroup from $375.00 to $270.00 in a research report report published on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

DUOL has been the topic of a number of other research reports. Wells Fargo & Company dropped their price objective on Duolingo from $239.00 to $185.00 and set an “underweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Duolingo from $515.00 to $465.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Raymond James Financial reaffirmed a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. UBS Group cut their price target on shares of Duolingo from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, October 20th. Finally, Barclays decreased their price target on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Duolingo presently has a consensus rating of “Hold” and an average target price of $340.53.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $7.47 during midday trading on Thursday, hitting $201.21. The company’s stock had a trading volume of 4,329,856 shares, compared to its average volume of 1,254,704. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.71 and a beta of 0.83. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $299.69 and a 200 day moving average price of $377.44. Duolingo has a one year low of $182.00 and a one year high of $544.93.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping the consensus estimate of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 15.61%. The company had revenue of $271.71 million during the quarter, compared to the consensus estimate of $260.14 million. During the same period last year, the firm earned $0.49 EPS. Duolingo’s revenue for the quarter was up 41.1% on a year-over-year basis. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 3,283 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the sale, the insider owned 116,171 shares in the company, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the sale, the chief financial officer directly owned 43,345 shares of the company’s stock, valued at $13,757,269.55. This represents a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,791 shares of company stock valued at $25,649,401 in the last quarter. Insiders own 15.67% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its position in shares of Duolingo by 1.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company’s stock valued at $914,000 after purchasing an additional 34 shares during the last quarter. M&T Bank Corp boosted its stake in Duolingo by 26.3% in the first quarter. M&T Bank Corp now owns 2,129 shares of the company’s stock worth $661,000 after buying an additional 443 shares in the last quarter. New Mexico Educational Retirement Board grew its position in Duolingo by 8.1% during the first quarter. New Mexico Educational Retirement Board now owns 8,000 shares of the company’s stock valued at $2,484,000 after acquiring an additional 600 shares during the last quarter. Steadview Capital Management LLC grew its position in Duolingo by 68.2% during the first quarter. Steadview Capital Management LLC now owns 127,850 shares of the company’s stock valued at $39,703,000 after acquiring an additional 51,850 shares during the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of Duolingo by 31.4% during the first quarter. Alps Advisors Inc. now owns 7,629 shares of the company’s stock worth $2,369,000 after acquiring an additional 1,824 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.