Duolingo (NASDAQ:DUOL) PT Lowered to $183.00 at Barclays

Duolingo (NASDAQ:DUOL) had its target price trimmed by Barclays from $230.00 to $183.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts also recently issued reports on DUOL. Needham & Company LLC cut their price objective on shares of Duolingo from $267.00 to $245.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Bank of America raised Duolingo from a neutral rating to a buy rating and set a $245.00 price target on the stock in a research report on Friday, July 26th. Wolfe Research initiated coverage on Duolingo in a research report on Tuesday, July 16th. They issued a peer perform rating for the company. Piper Sandler boosted their target price on Duolingo from $265.00 to $271.00 and gave the stock an overweight rating in a research note on Thursday, August 8th. Finally, Evercore ISI upgraded Duolingo to a strong-buy rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $237.40.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $181.75 on Friday. The firm has a 50 day moving average of $188.09 and a 200 day moving average of $198.74. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 187.37 and a beta of 0.72. Duolingo has a 52 week low of $121.89 and a 52 week high of $251.30.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, sell-side analysts predict that Duolingo will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, CEO Ahn Luis Von sold 1,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $215.00, for a total value of $215,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the transaction, the insider now directly owns 144,282 shares of the company’s stock, valued at $23,341,941.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,198 shares of company stock worth $8,092,373. Company insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Several large investors have recently made changes to their positions in the company. Discovery Value Fund purchased a new position in Duolingo in the fourth quarter valued at $27,000. Larson Financial Group LLC purchased a new position in shares of Duolingo in the 2nd quarter valued at about $31,000. Blue Trust Inc. acquired a new position in Duolingo in the 2nd quarter worth about $32,000. GAMMA Investing LLC boosted its position in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo in the second quarter valued at approximately $36,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.