Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $246.33

Duolingo, Inc. (NASDAQ:DUOL) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $246.70.

Several research analysts have recently commented on the stock. Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. Needham & Company LLC boosted their target price on shares of Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. JMP Securities raised shares of Duolingo from a “market perform” rating to a “market outperform” rating and set a $260.00 target price for the company in a research note on Tuesday, May 28th. JPMorgan Chase & Co. assumed coverage on shares of Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 target price for the company. Finally, Barclays reduced their price target on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th.

Duolingo Stock Performance

Duolingo stock opened at $211.87 on Thursday. Duolingo has a 12-month low of $121.89 and a 12-month high of $251.30. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 218.42 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The firm’s fifty day moving average price is $202.55 and its 200 day moving average price is $207.69.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.27. The company had revenue of $167.70 million during the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The company’s revenue was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) EPS. On average, research analysts forecast that Duolingo will post 1.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $193.53, for a total transaction of $290,295.00. Following the sale, the insider now owns 147,282 shares in the company, valued at $28,503,485.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $193.53, for a total transaction of $290,295.00. Following the sale, the insider now owns 147,282 shares in the company, valued at $28,503,485.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 2,698 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $177.29, for a total transaction of $478,328.42. Following the transaction, the chief financial officer now directly owns 86,709 shares in the company, valued at $15,372,638.61. The disclosure for this sale can be found here. Insiders have sold 67,198 shares of company stock worth $14,719,998 in the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Duolingo

Several large investors have recently added to or reduced their stakes in DUOL. Discovery Value Fund bought a new stake in Duolingo in the fourth quarter worth approximately $27,000. Bamco Inc. NY bought a new stake in Duolingo in the third quarter worth approximately $39,000. FSC Wealth Advisors LLC bought a new stake in Duolingo in the fourth quarter worth approximately $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Duolingo during the 4th quarter worth $73,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Duolingo during the 4th quarter worth $92,000. 91.59% of the stock is owned by 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.