Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, UBS Group Analyst Says

Duolingo (NASDAQ:DUOL) had its price objective increased by investment analysts at UBS Group from $355.00 to $408.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 32.76% from the company’s previous close.

DUOL has been the subject of several other reports. Barclays lifted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Bank of America lifted their price objective on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average target price of $331.33.

Duolingo Trading Down 4.7 %

DUOL opened at $307.32 on Thursday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 167.93 and a beta of 0.79. Duolingo has a 12 month low of $145.05 and a 12 month high of $330.61. The stock has a fifty day moving average price of $281.68 and a 200-day moving average price of $224.96.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same period last year, the firm earned $0.06 earnings per share. Duolingo’s revenue was up 39.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Duolingo will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares in the company, valued at $29,001,597.60. The trade was a 1.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Meese sold 4,819 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the completion of the transaction, the insider now directly owns 157,053 shares of the company’s stock, valued at $37,695,861.06. The trade was a 2.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,374 shares of company stock valued at $15,802,382. Corporate insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC purchased a new position in Duolingo during the second quarter valued at $204,768,000. FMR LLC raised its position in shares of Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after purchasing an additional 564,173 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after buying an additional 353,918 shares in the last quarter. Whale Rock Capital Management LLC boosted its holdings in Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after buying an additional 245,599 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Duolingo by 153.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after buying an additional 238,990 shares in the last quarter. Institutional investors and hedge funds 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.