Brokerages Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $375.00

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $376.25.

DUOL has been the subject of a number of research analyst reports. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Bank of America downgraded Duolingo from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a report on Tuesday. Barclays lifted their target price on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 target price for the company.

Duolingo Trading Down 1.8 %

Shares of Duolingo stock traded down $5.37 during midday trading on Friday, reaching $288.81. The company had a trading volume of 649,963 shares, compared to its average volume of 853,478. The stock has a fifty day moving average price of $349.18 and a 200 day moving average price of $317.89. 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 firm has a market cap of $13.07 billion, a PE ratio of 157.82 and a beta of 0.92. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $441.77.

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Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during 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%. On average, equities analysts anticipate that Duolingo will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total value of $3,368,200.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $24,251.04. This represents a 99.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,499 shares of company stock worth $31,512,968. 18.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DUOL. Quarry LP grew its stake in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after acquiring an additional 65 shares during the period. True Wealth Design LLC bought a new position in shares of Duolingo during the 3rd quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the 4th quarter worth $31,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the 3rd quarter worth $29,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Duolingo by 5,050.0% during 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 during the period. Institutional investors own 91.59% of the company's stock.

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.