Duolingo (NASDAQ:DUOL) Price Target Raised to $330.00

Duolingo (NASDAQ:DUOL - Free Report) had its price objective hoisted by Barclays from $295.00 to $330.00 in a research report released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also issued reports on DUOL. Needham & Company LLC upped their target price on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a report on Friday. Scotiabank started coverage on Duolingo in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 target price on the stock. UBS Group raised their price target on Duolingo from $408.00 to $410.00 and gave the company a "buy" rating in a research report on Monday, January 27th. The Goldman Sachs Group raised their price objective on Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price objective on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $375.00.

Duolingo Stock Down 0.4 %

DUOL stock traded down $1.08 during mid-day trading on Friday, reaching $294.15. The company had a trading volume of 1,285,467 shares, compared to its average volume of 803,411. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a 50 day simple moving average of $357.93 and a two-hundred day simple moving average of $313.07. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of 160.74 and a beta of 0.89. Duolingo has a 52 week low of $145.05 and a 52 week high of $441.77.

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

Insider Buying and Selling

In other news, insider Severin Hacker sold 188,901 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 3,284 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,429,459.52. Following the sale, the chief financial officer now owns 59,982 shares of the company's stock, valued at approximately $26,108,964.96. This represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,639 shares of company stock worth $105,445,057. Company insiders own 18.30% of the company's stock.

Hedge Funds Weigh In On Duolingo

Several hedge funds and other institutional investors have recently bought and sold shares of DUOL. True Wealth Design LLC acquired a new stake in shares of Duolingo during the 3rd quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new position in Duolingo during the third quarter valued at about $29,000. Quarry LP boosted its position in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo in the 4th quarter valued at $31,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after purchasing an additional 101 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

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.