Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Duolingo (NASDAQ:DUOL) had its price target lifted by stock analysts at Needham & Company LLC from $385.00 to $400.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 28.18% from the company’s previous close.

Several other research analysts also recently commented on DUOL. Jefferies Financial Group assumed coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. DA Davidson raised their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays increased their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $369.09.

Duolingo Trading Down 17.0 %

Duolingo stock opened at $312.07 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo has a one year low of $145.05 and a one year high of $441.77. The stock has a market capitalization of $13.73 billion, a PE ratio of 170.53 and a beta of 0.89. The business’s fifty day moving average is $359.71 and its 200 day moving average is $310.97.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. On average, sell-side analysts predict that Duolingo will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other news, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. 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 2,064 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the transaction, the general counsel now owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 305,639 shares of company stock worth $105,445,057 in the last quarter. 18.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kensington Investment Counsel LLC boosted its holdings in shares of Duolingo by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after purchasing an additional 30 shares during the period. Lido Advisors LLC boosted its holdings in shares of Duolingo by 0.3% in the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after purchasing an additional 30 shares during the period. Mount Lucas Management LP boosted its holdings in shares of Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after purchasing an additional 32 shares during the period. Finally, Atria Investments Inc boosted its holdings in shares of Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after purchasing an additional 39 shares during the period. Hedge funds and other 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.