Duolingo (NASDAQ:DUOL) Price Target Raised to $410.00

Duolingo (NASDAQ:DUOL) had its target price lifted by equities research analysts at UBS Group from $408.00 to $410.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 24.64% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Jefferies Financial Group assumed coverage on shares of Duolingo in a research note on Friday. They issued a “hold” rating and a $370.00 target price on the stock. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Needham & Company LLC raised their target price on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Stock Performance

DUOL traded up $0.36 during midday trading on Monday, hitting $328.96. 173,767 shares of the company were exchanged, compared to its average volume of 504,458. Duolingo has a 1-year low of $145.05 and a 1-year high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 179.76 and a beta of 0.87. The company’s 50 day simple moving average is $339.13 and its 200 day simple moving average is $274.58.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. During the same period last year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 39.9% on a year-over-year basis. As a group, sell-side analysts predict that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,044.40. This represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 281,124 shares of company stock valued at $95,033,738. Insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Beach Investment Counsel Inc. PA raised its holdings in Duolingo by 204.9% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 6,352 shares of the company’s stock worth $2,060,000 after purchasing an additional 4,269 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Duolingo during the fourth quarter worth about $740,000. Robeco Institutional Asset Management B.V. purchased a new position in Duolingo during the fourth quarter worth about $1,803,000. R Squared Ltd purchased a new position in Duolingo during the fourth quarter worth about $55,000. Finally, FSC Wealth Advisors LLC purchased a new position in Duolingo during the fourth quarter worth about $59,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.