Brokerages Set Duolingo, Inc. (NASDAQ:DUOL) Price Target at $419.32

Shares of Duolingo, Inc. (NASDAQ:DUOL) have received an average recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $419.3158.

Several analysts have commented on DUOL shares. Zacks Research raised shares of Duolingo from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research report on Saturday, September 27th. DA Davidson cut Duolingo from a “buy” rating to a “neutral” rating and decreased their price target for the company from $500.00 to $300.00 in a research note on Thursday, September 4th. Barclays boosted their target price on shares of Duolingo from $375.00 to $390.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on Duolingo from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th.

Insider Buying and Selling at Duolingo

In other news, insider Robert Meese sold 1,444 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $475,119.32. Following the completion of the sale, the insider owned 120,080 shares of the company’s stock, valued at $39,509,922.40. This represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,515 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total value of $486,860.40. Following the transaction, the general counsel directly owned 32,638 shares in the company, valued at $10,488,547.68. This trade represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,508 shares of company stock worth $22,676,721. 18.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Hedge funds have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new stake in shares of Duolingo during the first quarter worth about $25,000. Rise Advisors LLC raised its position in Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Duolingo during the first quarter worth about $28,000. Brooklyn Investment Group raised its stake in shares of Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Finally, Garde Capital Inc. purchased a new position in Duolingo during the 1st quarter worth $31,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Stock Up 3.1%

Shares of DUOL opened at $322.63 on Wednesday. Duolingo has a 52-week low of $256.63 and a 52-week high of $544.93. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $317.53 and a 200 day moving average of $380.91. The company has a market cap of $14.78 billion, a PE ratio of 132.77, a P/E/G ratio of 2.15 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. During the same period last year, the company earned $0.51 EPS. Duolingo’s quarterly revenue was up 41.5% compared to the same quarter last year. On average, sell-side analysts expect 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.