Duolingo (NASDAQ:DUOL) Price Target Raised to $275.00 at The Goldman Sachs Group

Duolingo (NASDAQ:DUOL - Get Free Report) had its price target increased by equities research analysts at The Goldman Sachs Group from $250.00 to $275.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's target price points to a potential downside of 12.93% from the company's previous close.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $255.00 to $303.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. JMP Securities downgraded Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. Evercore ISI upgraded Duolingo to a "strong-buy" rating in a research note on Monday, August 5th. Piper Sandler boosted their price target on Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, UBS Group lifted their target price on shares of Duolingo from $225.00 to $355.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Duolingo has an average rating of "Moderate Buy" and a consensus price target of $325.44.

Duolingo Stock Down 1.0 %

Shares of NASDAQ:DUOL traded down $3.03 on Thursday, reaching $315.82. The company had a trading volume of 1,225,844 shares, compared to its average volume of 702,397. The firm has a market capitalization of $13.75 billion, a PE ratio of 224.80 and a beta of 0.79. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo has a 52-week low of $145.05 and a 52-week high of $324.00. The firm's 50 day simple moving average is $266.39 and its 200-day simple moving average is $220.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm's quarterly revenue was up 39.9% compared to the same quarter last year. As a group, analysts expect that Duolingo will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, General Counsel Stephen C. Chen sold 19,464 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now directly owns 35,558 shares of the company's stock, valued at $7,522,294.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the sale, the chief financial officer now directly owns 88,856 shares of the company's stock, valued at approximately $18,417,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the transaction, the general counsel now directly owns 35,558 shares of the company's stock, valued at approximately $7,522,294.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

Large investors have recently added to or reduced their stakes in the stock. Duality Advisers LP acquired a new position in shares of Duolingo during the 1st quarter worth about $287,000. SG Americas Securities LLC raised its holdings in shares of Duolingo by 261.8% during the first quarter. SG Americas Securities LLC now owns 3,640 shares of the company's stock valued at $803,000 after acquiring an additional 2,634 shares during the last quarter. Swiss National Bank lifted its position in shares of Duolingo by 1.3% in the first quarter. Swiss National Bank now owns 60,100 shares of the company's stock valued at $13,257,000 after acquiring an additional 800 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Duolingo by 19.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the company's stock worth $169,000 after acquiring an additional 127 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in shares of Duolingo during the first quarter worth approximately $528,000. 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.