Duolingo, Inc. (NASDAQ:DUOL) Receives $422.50 Consensus Price Target from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $426.29.

A number of equities analysts have recently issued reports on DUOL shares. Needham & Company LLC upped their target price on shares of Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Evercore ISI increased their price objective on Duolingo from $400.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on Duolingo from $360.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Jefferies Financial Group initiated coverage on Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Finally, Barclays upped their target price on shares of Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the transaction, the insider now owns 72 shares in the company, valued at $35,708.40. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total value of $3,478,320.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,868 shares of company stock worth $38,594,200. Corporate insiders own 15.67% of the company’s stock.

Hedge Funds Weigh In On Duolingo

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Duolingo by 39.9% during the fourth 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. Norges Bank bought a new position in shares of Duolingo during the 4th quarter worth approximately $152,296,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after purchasing an additional 398,259 shares in the last quarter. Invesco Ltd. boosted its holdings in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after purchasing an additional 378,225 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock valued at $74,448,000 after purchasing an additional 239,167 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 1.9 %

NASDAQ DUOL opened at $512.97 on Friday. The stock’s 50 day simple moving average is $342.98 and its 200 day simple moving average is $344.30. 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 has a one year low of $145.05 and a one year high of $513.87. The firm has a market cap of $23.32 billion, a PE ratio of 280.31 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s revenue for the quarter was up 37.6% on a year-over-year basis. As a group, sell-side analysts forecast that Duolingo will post 2.03 earnings per share for the current fiscal year.

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.