Duolingo (NASDAQ:DUOL) Price Target Raised to $400.00 at DA Davidson

Duolingo (NASDAQ:DUOL - Free Report) had its target price increased by DA Davidson from $350.00 to $400.00 in a report published on Friday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

DUOL has been the topic of a number of other reports. Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective on the stock. The Goldman Sachs Group upped their price objective on Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Scotiabank started coverage on Duolingo in a report on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 target price on the stock. Finally, Bank of America downgraded Duolingo from a "buy" rating to a "neutral" rating and increased their price target for the stock from $355.00 to $375.00 in a 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Duolingo currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.00.

Duolingo Stock Performance

Shares of DUOL stock traded down $1.08 during mid-day trading on Friday, hitting $294.15. 1,281,819 shares of the stock were exchanged, compared to its average volume of 803,322. The stock's fifty day simple moving average is $358.86 and its two-hundred day simple moving average is $312.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo has a 12-month low of $145.05 and a 12-month high of $441.77. The stock has a market capitalization of $12.94 billion, a price-to-earnings ratio of 160.74 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last released 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 firm had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. On average, analysts forecast that Duolingo will post 2.03 EPS for the current year.

Insider Buying and Selling

In other news, insider Severin Hacker sold 188,901 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now owns 72 shares of the company's stock, valued at $24,446.88. The trade was a 99.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 2,667 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 represents a 2.02 % decrease in their position. 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. Corporate insiders own 18.30% of the company's stock.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Duolingo in the fourth quarter valued at about $22,343,000. Armis Advisers LLC acquired a new stake in Duolingo during the 4th quarter valued at $450,000. Polar Asset Management Partners Inc. acquired a new stake in Duolingo during the 4th quarter valued at $4,734,000. Westfuller Advisors LLC acquired a new position in shares of Duolingo in the fourth quarter worth $227,000. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Duolingo in the fourth quarter valued at $4,345,000. 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.