JPMorgan Chase & Co. Issues Pessimistic Forecast for Duolingo (NASDAQ:DUOL) Stock Price

Duolingo (NASDAQ:DUOL) had its target price decreased by analysts at JPMorgan Chase & Co. from $95.00 to $92.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 11.14% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Argus reiterated a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Barclays reduced their target price on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Friday, February 27th. Needham & Company LLC cut their price objective on shares of Duolingo from $300.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Evercore reaffirmed a “hold” rating and set a $114.00 target price on shares of Duolingo in a report on Friday, February 27th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $206.16.

Duolingo Stock Up 3.0%

NASDAQ:DUOL traded up $3.02 on Monday, hitting $103.53. The stock had a trading volume of 1,105,892 shares, compared to its average volume of 2,558,122. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market cap of $4.79 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.70 and a beta of 0.89. Duolingo has a 1 year low of $87.89 and a 1 year high of $544.93. The firm’s fifty day simple moving average is $102.02 and its two-hundred day simple moving average is $171.48.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, February 26th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. The firm had revenue of $282.87 million for the quarter, compared to the consensus estimate of $275.95 million. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The business’s revenue was up 35.0% compared to the same quarter last year. Analysts predict that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In related news, insider Robert Meese sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total transaction of $110,060.00. Following the completion of the transaction, the insider directly owned 122,636 shares of the company’s stock, valued at approximately $13,497,318.16. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 1,901 shares of Duolingo stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total transaction of $215,307.26. Following the completion of the sale, the general counsel owned 30,545 shares in the company, valued at approximately $3,459,526.70. This represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,939 shares of company stock worth $1,676,291 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. increased its position in Duolingo by 31.8% during the third quarter. Citigroup Inc. now owns 259,666 shares of the company’s stock valued at $83,571,000 after acquiring an additional 62,614 shares during the last quarter. Intech Investment Management LLC raised its position in Duolingo by 967.3% in the 3rd quarter. Intech Investment Management LLC now owns 48,926 shares of the company’s stock worth $15,746,000 after purchasing an additional 44,342 shares during the period. Baillie Gifford & Co. lifted its stake in Duolingo by 71.9% in the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after purchasing an additional 2,033,611 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in shares of Duolingo during the third quarter valued at approximately $3,220,000. Finally, Mitchell Capital Management Co. bought a new position in shares of Duolingo during the third quarter valued at approximately $4,589,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.