Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $419.32

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned an average rating of “Moderate Buy” from the twenty-four research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $419.3158.

DUOL has been the topic of a number of research analyst reports. Robert W. Baird assumed coverage on Duolingo in a research note on Friday, September 5th. They issued a “neutral” rating and a $280.00 price target on the stock. Argus started coverage on shares of Duolingo in a research report on Wednesday, June 25th. They issued a “buy” rating and a $575.00 target price on the stock. DA Davidson downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and cut their price target for the stock from $500.00 to $300.00 in a research note on Thursday, September 4th. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company started coverage on Duolingo in a research report on Monday, September 8th. They issued an “underweight” rating and a $239.00 target price on the stock.

Insider Activity

In other news, General Counsel Stephen C. Chen sold 1,515 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total value of $486,860.40. Following the completion of the sale, the general counsel owned 32,638 shares of the company’s stock, valued at $10,488,547.68. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $288.94, for a total transaction of $2,889,400.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at approximately $20,803.68. This represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,508 shares of company stock valued at $22,676,721 over the last quarter. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new stake in Duolingo during the 1st quarter valued at approximately $25,000. Rise Advisors LLC boosted its stake in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after buying an additional 24 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Duolingo during the first quarter worth approximately $28,000. Brooklyn Investment Group increased its stake in shares of Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after buying an additional 95 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in Duolingo in the first quarter valued at $31,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

NASDAQ DUOL opened at $322.63 on Wednesday. The business has a 50 day moving average price of $317.53 and a 200 day moving average price of $380.91. The company has a market capitalization of $14.78 billion, a P/E ratio of 132.77, a PEG ratio of 2.15 and a beta of 0.86. Duolingo has a 1-year low of $256.63 and a 1-year high of $544.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business had revenue of $252.27 million during the quarter, compared to analysts’ expectations of $240.84 million. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 41.5% on a year-over-year basis. Sell-side analysts expect that Duolingo will post 2.03 EPS for the current fiscal year.

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.