Duolingo (NASDAQ:DUOL) Given New $360.00 Price Target at JPMorgan Chase & Co.

Duolingo (NASDAQ:DUOL - Free Report) had its price target reduced by JPMorgan Chase & Co. from $410.00 to $360.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently weighed in on the company. UBS Group set a $400.00 price objective on Duolingo in a research report on Tuesday, March 18th. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target for the company in a report on Tuesday, March 18th. Jefferies Financial Group initiated coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective on the stock. DA Davidson upped their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Barclays lifted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Seven investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $372.92.

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Duolingo Stock Performance

Shares of DUOL traded up $12.41 during mid-day trading on Tuesday, reaching $329.35. 866,829 shares of the company's stock were exchanged, compared to its average volume of 743,015. The business's fifty day simple moving average is $339.41 and its 200-day simple moving average is $328.63. The stock has a market capitalization of $14.90 billion, a PE ratio of 179.97 and a beta of 0.91. Duolingo has a 52-week low of $145.05 and a 52-week high of $441.77. 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 issued 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). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. On average, equities research analysts expect that Duolingo will post 2.03 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the sale, the insider now directly owns 72 shares in the company, valued at $21,054.96. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalie Glance sold 9,020 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now owns 130,733 shares of the company's stock, valued at $37,989,702.47. This trade represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,332 shares of company stock valued at $33,442,107. Corporate insiders own 18.30% of the company's stock.

Institutional Trading of Duolingo

Several large investors have recently modified their holdings of DUOL. Congress Asset Management Co. purchased a new stake in Duolingo in the 1st quarter valued at approximately $15,430,000. MRA Advisory Group acquired a new position in shares of Duolingo in the first quarter worth $462,000. Contravisory Investment Management Inc. purchased a new stake in shares of Duolingo in the first quarter valued at $25,000. Merit Financial Group LLC boosted its stake in shares of Duolingo by 17.9% during the first quarter. Merit Financial Group LLC now owns 10,186 shares of the company's stock valued at $3,163,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Green Alpha Advisors LLC increased its position in Duolingo by 11.8% during the 1st quarter. Green Alpha Advisors LLC now owns 2,790 shares of the company's stock worth $866,000 after purchasing an additional 294 shares in the last quarter. 91.59% of the stock is currently 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.