Duolingo (NASDAQ:DUOL) Price Target Raised to $390.00

Duolingo (NASDAQ:DUOL) had its target price upped by investment analysts at Piper Sandler from $351.00 to $390.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 3.78% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. DA Davidson increased their target price on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $360.45.

Duolingo Stock Down 2.8 %

NASDAQ:DUOL opened at $375.78 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market cap of $16.53 billion, a P/E ratio of 205.35 and a beta of 0.89. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The firm has a 50-day simple moving average of $360.31 and a two-hundred day simple moving average of $309.24.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now directly owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company’s stock, valued at $15,069,946.08. This represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 305,639 shares of company stock worth $105,445,057 in the last 90 days. 18.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DUOL. Quarry LP lifted its holdings in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Duolingo during the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo during the 4th quarter valued at $31,000. First Horizon Advisors Inc. bought a new position in Duolingo in the 3rd quarter worth $29,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares in the last quarter. 91.59% of the stock is 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.