Duolingo (NASDAQ:DUOL - Get Free Report) had its price objective lowered by equities research analysts at UBS Group from $430.00 to $400.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 24.40% from the company's previous close.
A number of other equities analysts have also issued reports on DUOL. Piper Sandler increased their price objective on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Needham & Company LLC boosted their price objective on Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. JMP Securities reissued a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $372.92.
Check Out Our Latest Stock Report on Duolingo
Duolingo Stock Down 1.1 %
DUOL traded down $3.62 during trading on Friday, hitting $321.55. The company had a trading volume of 257,399 shares, compared to its average volume of 741,648. The company has a market cap of $14.55 billion, a PE ratio of 175.71 and a beta of 0.91. Duolingo has a 1-year low of $145.05 and a 1-year high of $441.77. The business has a 50-day moving average of $336.82 and a 200-day moving average of $329.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.
Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. As a group, analysts forecast that Duolingo will post 2.03 earnings per share for the current year.
Insiders Place Their Bets
In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the transaction, the insider now owns 72 shares in the company, valued at $28,185.12. This trade represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. Insiders sold 86,868 shares of company stock valued at $29,474,420 over the last quarter. Insiders own 18.30% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. FMR LLC increased its stake in shares of Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Norges Bank acquired a new position in shares of Duolingo during the fourth quarter worth approximately $152,296,000. T. Rowe Price Investment Management Inc. increased its position in Duolingo by 548.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after acquiring an additional 398,259 shares during the period. Invesco Ltd. raised its stake in Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after purchasing an additional 378,225 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Duolingo by 41,959.1% during the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock valued at $74,448,000 after purchasing an additional 239,167 shares during the last quarter. Institutional investors own 91.59% of the company's stock.
About Duolingo
(
Get Free Report)
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.
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