Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Duolingo (NASDAQ:DUOL) had its price objective upped by Needham & Company LLC from $310.00 to $370.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on DUOL. Bank of America raised their target price on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price objective on Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Barclays dropped their target price on Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Finally, Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

Duolingo Stock Performance

Shares of DUOL stock opened at $326.89 on Thursday. The business has a fifty day moving average of $270.84 and a 200 day moving average of $221.65. Duolingo has a 1 year low of $145.05 and a 1 year high of $330.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 178.63 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue was up 39.9% compared to the same quarter last year. As a group, research analysts expect that Duolingo will post 1.87 earnings per share for the current year.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Robert Meese sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the sale, the insider now directly owns 142,053 shares in the company, valued at approximately $40,490,787.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock valued at $15,802,382 over the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Large investors have recently modified their holdings of the business. Landscape Capital Management L.L.C. purchased a new position in shares of Duolingo in the third quarter worth about $2,651,000. Ontario Teachers Pension Plan Board acquired a new stake in Duolingo in the 3rd quarter valued at about $283,000. First Horizon Advisors Inc. purchased a new position in Duolingo in the 3rd quarter worth approximately $29,000. PNC Financial Services Group Inc. boosted its holdings in shares of Duolingo by 5.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,118 shares of the company’s stock worth $1,443,000 after purchasing an additional 280 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in shares of Duolingo by 15.3% in the third quarter. Pathstone Holdings LLC now owns 5,242 shares of the company’s stock valued at $1,478,000 after purchasing an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.