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

Duolingo (NASDAQ:DUOL) had its price objective dropped by equities research analysts at UBS Group from $430.00 to $400.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 22.98% from the company’s previous close.

A number of other research firms have also weighed in on DUOL. JPMorgan Chase & Co. decreased their price target on Duolingo from $410.00 to $360.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays upped their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a research report on Tuesday, March 18th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $372.92.

Duolingo Stock Up 2.6 %

Shares of NASDAQ DUOL traded up $8.31 during trading on Friday, reaching $325.25. 230,352 shares of the stock were exchanged, compared to its average volume of 738,898. The business’s 50-day moving average price is $340.55 and its 200 day moving average price is $328.34. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 179.35 and a beta of 0.91. Duolingo has a twelve month low of $145.05 and a twelve 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.

Duolingo (NASDAQ:DUOL) last announced 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 analyst estimates of $205.49 million. As a group, equities analysts forecast that Duolingo will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the transaction, the insider now directly owns 129,572 shares of the company’s stock, valued at $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,332 shares of company stock valued at $33,442,107. 18.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently added to or reduced their stakes in DUOL. FMR LLC lifted its holdings in Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 raised its stake in Duolingo by 0.8% in the fourth 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. lifted its position in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Duolingo by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company’s stock worth $221,676,000 after buying an additional 10,698 shares in the last quarter. 91.59% of the stock is currently 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.