Duolingo (NASDAQ:DUOL) Given New $410.00 Price Target at DA Davidson

Duolingo (NASDAQ:DUOL) had its price target upped by equities researchers at DA Davidson from $400.00 to $410.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective suggests a potential upside of 23.07% from the stock’s previous close.

A number of other brokerages have also recently commented on DUOL. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. Barclays upped their target price on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised their price target on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group increased their price objective on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $377.08.

Duolingo Price Performance

DUOL traded up $1.94 on Thursday, hitting $333.16. 157,060 shares of the company were exchanged, compared to its average volume of 703,326. The business’s fifty day moving average is $348.64 and its 200 day moving average is $322.31. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market capitalization of $15.07 billion, a P/E ratio of 182.72 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The firm had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, sell-side analysts anticipate that Duolingo will post 2.03 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 9,020 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now owns 130,733 shares of the company’s stock, valued at approximately $37,989,702.47. The trade was a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00. Following the sale, the chief financial officer now owns 67,730 shares of the company’s stock, valued at $21,977,030.40. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,850 shares of company stock valued at $34,389,695. Insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of institutional investors have recently modified their holdings of DUOL. Catalyst Capital Advisors LLC acquired a new position in Duolingo during the fourth quarter valued at approximately $1,994,000. Taika Capital LP acquired a new position in shares of Duolingo during the 4th quarter valued at $2,697,000. Lecap Asset Management Ltd. purchased a new stake in Duolingo during the 4th quarter worth $429,000. Rockefeller Capital Management L.P. acquired a new stake in Duolingo in the 3rd quarter valued at $4,350,000. Finally, Diversified Trust Co acquired a new stake in Duolingo in the 4th quarter valued at $784,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.