Duolingo (NASDAQ:DUOL) Price Target Raised to $410.00

Duolingo (NASDAQ:DUOL) had its price target raised by DA Davidson from $400.00 to $410.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently weighed in on DUOL. Needham & Company LLC raised their price objective on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Barclays lifted their price target on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Scotiabank assumed coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. Finally, Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $377.08.

Duolingo Trading Down 5.4 %

Shares of Duolingo stock opened at $315.00 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo has a 1 year low of $145.05 and a 1 year high of $441.77. The firm has a market cap of $14.25 billion, a PE ratio of 172.13 and a beta of 0.92. The company has a 50 day simple moving average of $347.74 and a two-hundred day simple moving average of $323.80.

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

Insiders Place Their Bets

In related news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $24,208.56. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,850 shares of company stock worth $34,389,695. 18.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in Duolingo by 5.4% in the fourth quarter. California State Teachers Retirement System now owns 31,778 shares of the company’s stock worth $10,303,000 after purchasing an additional 1,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Duolingo by 74.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,518 shares of the company’s stock worth $1,141,000 after buying an additional 1,505 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Duolingo in the 4th quarter worth about $22,343,000. Armis Advisers LLC purchased a new position in Duolingo during the 4th quarter valued at about $450,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Duolingo in the fourth quarter worth about $4,734,000. 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.