Duolingo (NASDAQ:DUOL) Price Target Cut to $300.00 by Analysts at JPMorgan Chase & Co.

Duolingo (NASDAQ:DUOL) had its target price dropped by JPMorgan Chase & Co. from $465.00 to $300.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 54.85% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Barclays dropped their target price on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley set a $300.00 target price on shares of Duolingo in a research note on Thursday. Scotiabank dropped their target price on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday. Baird R W raised shares of Duolingo to a “hold” rating in a research note on Friday, September 5th. Finally, JMP Securities lowered their price target on shares of Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research report on Monday, July 28th. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Duolingo currently has an average rating of “Hold” and an average target price of $348.58.

Duolingo Price Performance

Shares of NASDAQ DUOL traded down $66.28 during trading on Thursday, reaching $193.74. The company had a trading volume of 13,037,413 shares, compared to its average volume of 1,240,158. Duolingo has a 52 week low of $182.00 and a 52 week high of $544.93. The stock has a market cap of $8.88 billion, a PE ratio of 79.73, a PEG ratio of 1.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The business’s 50 day moving average price is $302.27 and its 200-day moving average price is $378.73.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company had revenue of $271.71 million during the quarter, compared to the consensus estimate of $260.14 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 41.1% on a year-over-year basis. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Duolingo will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer directly owned 43,345 shares in the company, valued at approximately $13,757,269.55. This trade represents a 20.15% 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. Also, insider Natalie Glance sold 3,283 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the sale, the insider owned 116,171 shares in the company, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 73,791 shares of company stock valued at $23,018,101. 15.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC boosted its holdings in shares of Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after buying an additional 24 shares during the period. Summit Securities Group LLC acquired a new position in shares of Duolingo in the first quarter valued at approximately $28,000. Brooklyn Investment Group boosted its holdings in shares of Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 95 shares during the period. Kiker Wealth Management LLC acquired a new position in shares of Duolingo in the second quarter valued at approximately $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Duolingo in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.