UBS Group Lowers Duolingo (NASDAQ:DUOL) Price Target to $400.00

Duolingo (NASDAQ:DUOL) had its price target decreased by equities researchers at UBS Group from $430.00 to $400.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 21.45% from the stock’s current price.

Several other brokerages have also recently commented on DUOL. Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 target price on the stock. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a research report on Tuesday, March 18th. DA Davidson upped their target price on shares of Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Piper Sandler raised their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Barclays boosted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.92.

Duolingo Trading Up 3.9 %

Shares of DUOL stock opened at $329.35 on Friday. The company has a market capitalization of $14.90 billion, a P/E ratio of 179.97 and a beta of 0.91. Duolingo has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $339.41 and a 200 day moving average price of $328.63.

Duolingo (NASDAQ:DUOL) last posted its earnings results 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 firm had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Research analysts forecast that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This trade represents a 2.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total transaction of $3,339,500.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,044.40. The trade was a 99.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,332 shares of company stock worth $33,442,107. 18.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after buying an additional 1,063,327 shares during the period. Vanguard Group Inc. raised its position in shares of Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after purchasing an additional 70,705 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Duolingo by 0.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock valued at $434,398,000 after purchasing an additional 10,638 shares in the last quarter. Invesco Ltd. grew its position in shares of Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after purchasing an additional 378,225 shares during the period. Finally, Geode Capital Management LLC increased its stake in Duolingo by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company’s stock worth $221,676,000 after purchasing an additional 10,698 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

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.