Duolingo (NASDAQ:DUOL) Given New $408.00 Price Target at UBS Group

Duolingo (NASDAQ:DUOL) had its target price upped by UBS Group from $355.00 to $408.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays boosted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC boosted their price target on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average price target of $331.33.

Duolingo Stock Down 4.8 %

Shares of NASDAQ DUOL traded down $15.40 during trading on Thursday, hitting $307.17. The stock had a trading volume of 489,423 shares, compared to its average volume of 697,370. Duolingo has a 12 month low of $145.05 and a 12 month high of $330.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market capitalization of $13.37 billion, a PE ratio of 168.81 and a beta of 0.79. The firm has a fifty day moving average of $279.70 and a two-hundred day moving average of $224.41.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business’s revenue was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, equities research analysts forecast that Duolingo will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the sale, the general counsel now directly owns 35,558 shares of the company’s stock, valued at approximately $7,522,294.90. This represents a 35.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the completion of the sale, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. The trade was a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,374 shares of company stock valued at $15,802,382 over the last three months. 18.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. True Wealth Design LLC bought a new position in shares of Duolingo in the third quarter worth approximately $26,000. First Horizon Advisors Inc. bought a new position in Duolingo during the third quarter valued at approximately $29,000. Larson Financial Group LLC bought a new position in Duolingo during the second quarter valued at approximately $31,000. Blue Trust Inc. bought a new position in Duolingo during the second quarter valued at approximately $32,000. Finally, GAMMA Investing LLC grew its position in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 133 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

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.