Duolingo (NASDAQ:DUOL) Raised to Outperform at Citizens Jmp

Duolingo (NASDAQ:DUOL) was upgraded by equities research analysts at Citizens Jmp from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday,Finviz reports. The brokerage presently has a $400.00 price target on the stock. Citizens Jmp’s price objective suggests a potential upside of 35.97% from the stock’s current price.

Several other equities research analysts have also recently issued reports on DUOL. DA Davidson raised their price target on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Piper Sandler raised their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. The Goldman Sachs Group raised their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Needham & Company LLC raised their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and an average target price of $377.08.

Duolingo Stock Performance

NASDAQ:DUOL opened at $294.18 on Tuesday. 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 50-day moving average price of $349.18 and a two-hundred day moving average price of $317.89. Duolingo has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a market capitalization of $13.31 billion, a P/E ratio of 160.75 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last posted its earnings results 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). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. As a group, research analysts expect that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $24,251.04. The trade was a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,499 shares of company stock valued at $29,162,568 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DUOL. True Wealth Design LLC acquired a new position in Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the third quarter valued at approximately $29,000. Quarry LP raised its stake in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Duolingo during the fourth quarter valued at approximately $31,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

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.