Duolingo (NASDAQ:DUOL) Price Target Raised to $340.00

Duolingo (NASDAQ:DUOL) had its price objective hoisted by analysts at The Goldman Sachs Group from $275.00 to $340.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 11.02% from the stock’s current price.

DUOL has been the subject of several other research reports. Piper Sandler boosted their price objective on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. UBS Group raised their price target on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Barclays lifted their price target on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $375.00.

Duolingo Trading Down 1.9 %

Shares of NASDAQ:DUOL traded down $5.83 during mid-day trading on Monday, hitting $306.24. The company had a trading volume of 127,441 shares, compared to its average volume of 744,361. The company has a market capitalization of $13.47 billion, a PE ratio of 168.30 and a beta of 0.89. Duolingo has a one year low of $145.05 and a one year high of $441.77. The firm has a fifty day moving average price of $359.71 and a 200 day moving average price of $311.77. 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 (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, research analysts forecast that Duolingo will post 2.03 EPS for the current year.

Insider Activity at Duolingo

In other news, CFO Matthew Skaruppa sold 3,284 shares of the 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 $1,429,459.52. Following the completion of the transaction, the chief financial officer now directly owns 59,982 shares of the company’s stock, valued at $26,108,964.96. This represents a 5.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 305,639 shares of company stock valued at $105,445,057. 18.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kensington Investment Counsel LLC lifted its position in shares of Duolingo by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after buying an additional 30 shares during the last quarter. Lido Advisors LLC boosted its position in Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after purchasing an additional 30 shares during the period. Mount Lucas Management LP increased its stake in shares of Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after purchasing an additional 32 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after purchasing an additional 32 shares in the last quarter. Finally, Atria Investments Inc raised its position in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after purchasing an additional 39 shares during the period. 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.