Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $375.00

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $376.25.

Several equities analysts have issued reports on the company. Piper Sandler boosted their price target on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Needham & Company LLC boosted their price target on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upped their target price on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research report on Tuesday. Finally, UBS Group set a $400.00 target price on Duolingo in a research report on Tuesday.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00. Following the completion of the transaction, the chief financial officer now owns 67,730 shares in the company, valued at $21,977,030.40. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,499 shares of company stock worth $28,144,768. 18.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DUOL. California State Teachers Retirement System lifted its position in shares of Duolingo by 5.4% during the 4th quarter. California State Teachers Retirement System now owns 31,778 shares of the company’s stock valued at $10,303,000 after buying an additional 1,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Duolingo by 74.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,518 shares of the company’s stock valued at $1,141,000 after buying an additional 1,505 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Duolingo during the 4th quarter valued at $22,343,000. Armis Advisers LLC purchased a new position in shares of Duolingo during the 4th quarter valued at $450,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Duolingo during the 4th quarter valued at $4,734,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of DUOL opened at $301.12 on Friday. Duolingo has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The business’s 50 day moving average price is $348.11 and its two-hundred day moving average price is $318.30. The firm has a market cap of $13.62 billion, a PE ratio of 164.55 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $205.49 million. On average, equities analysts anticipate that Duolingo will post 2.03 EPS for the current year.

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.