Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, DA Davidson Analyst Says

Duolingo (NASDAQ:DUOL) had its price target raised by investment analysts at DA Davidson from $350.00 to $400.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 28.18% from the stock’s current price.

DUOL has been the topic of several other research reports. Needham & Company LLC upped their price objective on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group initiated coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Scotiabank initiated coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and a consensus target price of $369.09.

Duolingo Stock Performance

DUOL opened at $312.07 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $359.71 and its two-hundred day moving average price is $310.97. Duolingo has a 1-year low of $145.05 and a 1-year high of $441.77. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 170.53 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share 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 analyst estimates of $205.49 million. On average, analysts expect that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Duolingo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Duolingo during the fourth quarter worth about $22,343,000. Armis Advisers LLC bought a new position in Duolingo during the fourth quarter worth about $450,000. Polar Asset Management Partners Inc. bought a new position in Duolingo during the fourth quarter worth about $4,734,000. Westfuller Advisors LLC bought a new position in Duolingo during the fourth quarter worth about $227,000. Finally, GF Fund Management CO. LTD. bought a new position in Duolingo during the fourth quarter worth about $4,345,000. Institutional investors own 91.59% of the company’s stock.

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.