Duolingo (NASDAQ:DUOL) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Duolingo (NASDAQ:DUOL) in a research report report published on Friday, Marketbeat reports. The firm issued a hold rating and a $370.00 price target on the stock.

A number of other equities analysts also recently commented on DUOL. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. UBS Group boosted their price objective on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Barclays raised their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Finally, Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $355.36.

Duolingo Trading Down 2.2 %

NASDAQ:DUOL opened at $328.60 on Friday. 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 50-day simple moving average of $339.13 and a 200-day simple moving average of $273.37. Duolingo has a one year low of $145.05 and a one year high of $378.48. The firm has a market cap of $14.46 billion, a P/E ratio of 179.56 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year. Equities analysts anticipate that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $470,040.00. Following the sale, the insider now directly owns 136,760 shares in the company, 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. In the last quarter, insiders have sold 281,124 shares of company stock worth $95,033,738. 18.30% of the stock is owned by company insiders.

Institutional Trading of Duolingo

A number of hedge funds have recently modified their holdings of the stock. True Wealth Design LLC purchased a new position in Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. purchased a new position in shares of Duolingo during the 3rd quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its stake in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the period. R Squared Ltd purchased a new stake in Duolingo during the fourth quarter worth $55,000. Finally, Nisa Investment Advisors LLC grew its position in Duolingo by 50.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after buying an additional 60 shares during the period. 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.