Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, UBS Group Analyst Says

Duolingo (NASDAQ:DUOL - Get Free Report) had its price objective lifted by analysts at UBS Group from $355.00 to $408.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 26.48% from the stock's current price.

DUOL has been the topic of several other research reports. JPMorgan Chase & Co. upped their target price on Duolingo from $303.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Barclays increased their price target on Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. DA Davidson boosted their target price on shares of Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, six have issued 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 $331.33.

Duolingo Trading Down 0.3 %

Shares of NASDAQ DUOL traded down $0.86 during trading on Thursday, reaching $322.57. The company had a trading volume of 283,612 shares, compared to its average volume of 698,311. The stock has a market cap of $14.04 billion, a P/E ratio of 173.93 and a beta of 0.79. The company's fifty day moving average price is $277.45 and its 200-day moving average price is $223.72. The company has a quick ratio of 3.09, a current 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 $330.61.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same period in the prior year, the firm posted $0.06 EPS. The company's quarterly revenue was up 39.9% on a year-over-year basis. As a group, research analysts expect that Duolingo will post 2.02 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the transaction, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the company's stock in a transaction on 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 completion of the sale, the general counsel now owns 35,558 shares of the company's stock, valued at approximately $7,522,294.90. The trade was a 35.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company's stock valued at $747,200,000 after acquiring an additional 67,004 shares during the last quarter. FMR LLC raised its stake in shares of Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company's stock worth $751,085,000 after purchasing an additional 564,173 shares during the period. Whale Rock Capital Management LLC boosted its holdings in shares of Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company's stock worth $281,281,000 after buying an additional 245,599 shares during the last quarter. Dragoneer Investment Group LLC bought a new position in Duolingo during the second quarter valued at about $204,768,000. Finally, American Century Companies Inc. increased its holdings in Duolingo by 25.1% during the second quarter. American Century Companies Inc. now owns 498,957 shares of the company's stock worth $104,117,000 after buying an additional 100,167 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

About Duolingo

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.