Duolingo (NASDAQ:DUOL) Price Target Raised to $125.00

Duolingo (NASDAQ:DUOL) had its target price hoisted by JPMorgan Chase & Co. from $94.00 to $125.00 in a report released on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also weighed in on DUOL. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Evercore set a $97.00 price target on Duolingo in a research note on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Duolingo in a report on Tuesday, May 5th. KeyCorp reissued a “sector weight” rating on shares of Duolingo in a research note on Thursday, June 4th. Finally, Morgan Stanley boosted their target price on Duolingo from $95.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $167.17.

Duolingo Price Performance

NASDAQ DUOL opened at $133.85 on Friday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.24 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.03 and a beta of 0.88. The company has a 50 day moving average price of $118.95 and a two-hundred day moving average price of $118.86. Duolingo has a 12-month low of $87.89 and a 12-month high of $468.00.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, equities analysts predict that Duolingo will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,977 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel directly owned 52,807 shares in the company, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $159,267.20. Following the completion of the transaction, the insider owned 170,745 shares of the company’s stock, valued at $19,150,759.20. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 9,506 shares of company stock valued at $1,073,864. 16.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Hedge funds have recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. raised its position in Duolingo by 3.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after purchasing an additional 32 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Duolingo by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after purchasing an additional 39 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Duolingo by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after buying an additional 73 shares in the last quarter. Diversified Trust Co. raised its stake in shares of Duolingo by 4.5% in the fourth quarter. Diversified Trust Co. now owns 2,166 shares of the company’s stock worth $380,000 after acquiring an additional 93 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its position in Duolingo by 1.2% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,953 shares of the company’s stock worth $1,571,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.