UBS Group Boosts Duolingo (NASDAQ:DUOL) Price Target to $408.00

Duolingo (NASDAQ:DUOL) had its price target increased by UBS Group from $355.00 to $408.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

DUOL has been the topic of several other reports. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Bank of America upped their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. increased their target price on Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

Duolingo Stock Down 4.7 %

DUOL opened at $307.32 on Thursday. The firm has a 50 day moving average price of $281.68 and a 200 day moving average price of $224.96. Duolingo has a 1 year low of $145.05 and a 1 year high of $330.61. 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 company has a market cap of $13.52 billion, a PE ratio of 167.94 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (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 business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 39.9% compared to the same quarter last year. Sell-side analysts expect that Duolingo will post 2.02 earnings per share for the current year.

Insider Activity at Duolingo

In related news, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the sale, the insider now directly owns 142,053 shares in the company, valued at $40,490,787.12. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the transaction, the insider now owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. This represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock worth $15,802,382 in the last 90 days. 18.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Duolingo

Several large investors have recently bought and sold shares of the stock. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo during the 2nd quarter valued at $204,768,000. FMR LLC grew its holdings in Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after acquiring an additional 564,173 shares during the period. International Assets Investment Management LLC grew its holdings in Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after acquiring an additional 353,918 shares during the period. Whale Rock Capital Management LLC raised its position in Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after acquiring an additional 245,599 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after acquiring an additional 238,990 shares during the last quarter. Institutional investors and hedge funds 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.