Duolingo's (DUOL) Market Perform Rating Reiterated at JMP Securities

Duolingo (NASDAQ:DUOL - Get Free Report)'s stock had its "market perform" rating reiterated by equities researchers at JMP Securities in a research note issued to investors on Friday,Benzinga reports.

A number of other equities analysts have also recently commented on DUOL. Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price target for the company. Scotiabank initiated coverage on Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Duolingo from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Needham & Company LLC upped their price objective on Duolingo from $370.00 to $385.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, UBS Group increased their target price on Duolingo from $408.00 to $410.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $355.55.

Duolingo Trading Up 2.0 %

NASDAQ:DUOL traded up $8.70 during midday trading on Friday, hitting $441.39. 665,840 shares of the company traded hands, compared to its average volume of 616,711. 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 has a 12-month low of $145.05 and a 12-month high of $441.77. The firm has a market capitalization of $19.42 billion, a P/E ratio of 241.20 and a beta of 0.89. The firm's fifty day moving average is $352.61 and its 200-day moving average is $300.03.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $28,185.12. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 289,624 shares of company stock valued at $98,478,298. Insiders own 18.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in Duolingo during the third quarter worth $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the 3rd quarter worth about $29,000. Quarry LP boosted 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Duolingo during the 4th quarter valued at about $31,000. Finally, Harvest Fund Management Co. Ltd increased its stake 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 in the last quarter. 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.