Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Price Target at $355.55

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $355.55.

A number of research analysts have recently commented on the company. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Needham & Company LLC upped their target price on Duolingo from $370.00 to $385.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their target price on Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Bank of America lowered Duolingo from a "buy" rating to a "neutral" rating and upped their target price for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, Seaport Res Ptn lowered Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction that occurred 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 sale, the insider now owns 72 shares of the company's stock, valued at approximately $24,446.88. This trade represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quarry LP raised its position in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after acquiring an additional 65 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Duolingo in the 3rd quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo in the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo in the 3rd quarter worth approximately $29,000. Finally, Harvest Fund Management Co. Ltd raised 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 worth $33,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Performance

DUOL stock traded down $36.43 during midday trading on Tuesday, hitting $385.35. The company's stock had a trading volume of 1,079,192 shares, compared to its average volume of 646,022. The stock's 50-day moving average price is $356.02 and its 200 day moving average price is $301.79. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo has a 1 year low of $145.05 and a 1 year high of $441.77. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 210.57 and a beta of 0.89.

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.