Duolingo (NASDAQ:DUOL) Price Target Raised to $340.00

Duolingo (NASDAQ:DUOL) had its target price upped by The Goldman Sachs Group from $275.00 to $340.00 in a report issued on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the stock. Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. DA Davidson raised their target price on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Piper Sandler lifted their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Scotiabank started coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $375.00.

Duolingo Trading Down 0.5 %

DUOL stock opened at $292.74 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo has a one year low of $145.05 and a one year high of $441.77. The company has a market capitalization of $12.88 billion, a PE ratio of 159.97 and a beta of 0.89. The company’s 50 day moving average price is $356.98 and its two-hundred day moving average price is $312.92.

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

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 188,901 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. This represents a 99.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 3,284 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the sale, the chief financial officer now directly owns 59,982 shares in the company, valued at $26,108,964.96. This trade represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 305,639 shares of company stock valued at $105,445,057 in the last three months. 18.30% of the stock is currently owned by company insiders.

Institutional Trading of Duolingo

Several institutional investors have recently bought and sold shares of DUOL. Wealth Enhancement Advisory Services LLC purchased a new stake in Duolingo during the 3rd quarter valued at about $568,000. State of Alaska Department of Revenue grew its position in Duolingo by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,315 shares of the company’s stock valued at $1,216,000 after purchasing an additional 295 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Duolingo by 1.5% during the 3rd quarter. New York State Teachers Retirement System now owns 27,465 shares of the company’s stock valued at $7,746,000 after acquiring an additional 406 shares during the period. US Bancorp DE lifted its stake in Duolingo by 142.3% during the 3rd quarter. US Bancorp DE now owns 2,450 shares of the company’s stock valued at $691,000 after acquiring an additional 1,439 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares during the period. 91.59% of the stock is owned by hedge funds and other 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.