Duolingo (NASDAQ:DUOL) Price Target Raised to $175.00

by · The Cerbat Gem

Duolingo (NASDAQ:DUOL – Free Report) had its target price hoisted by Jefferies Financial Group from $145.00 to $175.00 in a research report released on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other research analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Duolingo from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $135.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. DA Davidson set a $180.00 price target on shares of Duolingo in a report on Wednesday, November 4th. Scotiabank increased their price target on shares of Duolingo from $120.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 4th. Finally, Truist Financial raised their price target on shares of Duolingo from $120.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, November 5th. Eight analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $148.75.

Get Our Latest Research Report on Duolingo

Duolingo Trading Up 4.8%

Shares of DUOL stock opened at $164.12 on Monday. The stock has a market capitalization of $7.68 billion, a PE ratio of 54.17, a P/E/G ratio of 1.23 and a beta of 1.08. Duolingo has a 1-year low of $87.89 and a 1-year high of $213.37. The business has a 50-day moving average of $146.05 and a 200 day moving average of $124.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.75 and a quick ratio of 2.75.

Duolingo (NASDAQ:DUOL – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). The company had revenue of $309.01 million for the quarter, compared to the consensus estimate of $303.20 million. Duolingo had a return on equity of 10.35% and a net margin of 12.33%. Duolingo’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.95 earnings per share. As a group, sell-side analysts anticipate that Duolingo will post 2.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Stephen Chen sold 3,700 shares of Duolingo stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $175.00, for a total value of $647,500.00. Following the sale, the general counsel directly owned 40,069 shares in the company, valued at approximately $7,012,075. This trade represents a 8.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Gordon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $136.38, for a total value of $1,363,800.00. Following the transaction, the director directly owned 58,415 shares in the company, valued at $7,966,637.70. This trade represents a 14.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 264,440 shares of company stock worth $39,697,193. Corporate insiders own 16.62% of the company’s stock.

Institutional Trading of Duolingo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heritage Family Offices LLP bought a new stake in Duolingo in the third quarter valued at $27,000. Provenance Wealth Advisors LLC bought a new position in Duolingo in the 3rd quarter worth $30,000. Versant Capital Management Inc raised its holdings in Duolingo by 73.4% in the 3rd quarter. Versant Capital Management Inc now owns 267 shares of the company’s stock worth $38,000 after purchasing an additional 113 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Duolingo in the 2nd quarter worth $34,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Duolingo in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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About Duolingo

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Duolingo, Inc. is an educational technology company best known for its mobile and web-based language-learning platform. The app offers courses in numerous languages and uses interactive lessons, practice activities and game-like features to help learners build skills. Founded in 2011 by Luis von Ahn and Severin Hacker, the company is headquartered in Pittsburgh, Pennsylvania, and serves learners around the world. Its products also include the Duolingo English Test, an online English-proficiency assessment, and learning apps focused on subjects such as math and music.

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