Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Duolingo (NASDAQ:DUOL - Get Free Report) had its target price increased by research analysts at The Goldman Sachs Group from $275.00 to $340.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's target price indicates a potential upside of 16.14% from the company's current price.

Several other equities research analysts have also weighed in on the company. Barclays raised their target price on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. JMP Securities reissued a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Piper Sandler raised their target price on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Scotiabank assumed 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. Finally, Bank of America lowered Duolingo from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven research 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 stock. According to data from MarketBeat.com, Duolingo currently has a consensus rating of "Moderate Buy" and an average target price of $375.00.

Duolingo Trading Down 0.5 %

Duolingo stock traded down $1.41 during midday trading on Monday, reaching $292.74. 840,407 shares of the stock traded hands, compared to its average volume of 804,292. The company has a 50-day simple moving average of $356.98 and a two-hundred day simple moving average of $312.92. Duolingo has a 12-month low of $145.05 and a 12-month high of $441.77. The firm has a market cap of $12.88 billion, a PE ratio of 159.97 and a beta of 0.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Research analysts expect that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the sale, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,639 shares of company stock valued at $105,445,057. Company insiders own 18.30% of the company's stock.

Institutional Trading of Duolingo

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC purchased a new stake in shares of Duolingo in the third quarter valued at approximately $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo during the third quarter worth $29,000. Quarry LP boosted its position in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the fourth quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

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.