Duolingo (NASDAQ:DUOL) Rating Increased to Outperform at Citizens Jmp

Citizens Jmp upgraded shares of Duolingo (NASDAQ:DUOL) from a market perform rating to an outperform rating in a research report report published on Tuesday morning, MarketBeat.com reports. The firm currently has $400.00 target price on the stock.

A number of other analysts also recently issued reports on DUOL. Piper Sandler raised their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Needham & Company LLC boosted their target price on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $376.25.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $306.17 on Tuesday. The firm has a market cap of $13.85 billion, a P/E ratio of 167.31 and a beta of 0.92. Duolingo has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $347.77 and a 200 day moving average of $318.22.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. As a group, research analysts expect that Duolingo will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now directly owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,499 shares of company stock worth $28,144,768 over the last quarter. 18.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Duolingo

Institutional investors have recently made changes to their positions in the business. True Wealth Design LLC bought a new position in Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo during the third quarter worth approximately $29,000. Quarry LP raised its position in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo in the 4th quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares during the period. Hedge funds and other 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.