Duolingo (NASDAQ:DUOL) Price Target Raised to $275.00 at JMP Securities

Duolingo (NASDAQ:DUOL) had its price objective lifted by JMP Securities from $260.00 to $275.00 in a report released on Wednesday, Benzinga reports. They currently have a market outperform rating on the stock.

A number of other equities analysts also recently weighed in on DUOL. Barclays lowered their target price on shares of Duolingo from $230.00 to $183.00 and set an equal weight rating on the stock in a report on Friday, August 9th. Bank of America upgraded shares of Duolingo from a neutral rating to a buy rating and set a $245.00 target price on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of Duolingo from $275.00 to $255.00 and set an overweight rating on the stock in a report on Thursday, August 8th. Evercore ISI upgraded shares of Duolingo to a strong-buy rating in a report on Monday, August 5th. Finally, Piper Sandler restated an overweight rating and set a $271.00 target price on shares of Duolingo in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $255.50.

Duolingo Stock Performance

Shares of DUOL stock opened at $278.03 on Wednesday. The company’s fifty day simple moving average is $208.21 and its 200-day simple moving average is $206.23. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market cap of $11.99 billion, a PE ratio of 286.63 and a beta of 0.76. Duolingo has a 12 month low of $140.16 and a 12 month high of $297.56.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Equities research analysts expect that Duolingo will post 1.87 EPS for the current fiscal year.

Insider Activity

In other news, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.59, for a total value of $1,588,720.00. Following the completion of the sale, the chief financial officer now owns 95,731 shares of the company’s stock, valued at $19,011,219.29. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, General Counsel Stephen C. Chen sold 19,464 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now owns 35,558 shares of the company’s stock, valued at $7,522,294.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.59, for a total transaction of $1,588,720.00. Following the completion of the sale, the chief financial officer now directly owns 95,731 shares of the company’s stock, valued at approximately $19,011,219.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,374 shares of company stock valued at $22,019,727. 18.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently modified their holdings of the business. UBS Group AG lifted its position in Duolingo by 76.4% during the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock worth $8,067,000 after purchasing an additional 15,404 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after purchasing an additional 154,659 shares during the period. Mark Asset Management LP bought a new stake in Duolingo during the fourth quarter worth about $6,797,000. Vanguard Group Inc. lifted its position in Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after purchasing an additional 67,004 shares during the period. Finally, State of Michigan Retirement System bought a new stake in Duolingo during the second quarter worth about $1,857,000. 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.