Duolingo (NASDAQ:DUOL) PT Lowered to $230.00

Duolingo (NASDAQ:DUOL) had its price target dropped by equities researchers at Barclays from $243.00 to $230.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 12.39% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. UBS Group lifted their price target on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research report on Thursday, February 29th. Piper Sandler boosted their target price on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC boosted their target price on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Duolingo has an average rating of “Hold” and a consensus price target of $246.75.

Duolingo Trading Down 16.4 %

DUOL stock traded down $40.00 during midday trading on Thursday, reaching $204.64. 1,916,698 shares of the company’s stock traded hands, compared to its average volume of 743,159. The company has a market capitalization of $8.77 billion, a P/E ratio of 587.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. Duolingo has a fifty-two week low of $121.89 and a fifty-two week high of $251.30. The business has a 50-day moving average price of $221.21 and a two-hundred day moving average price of $207.17.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to analysts’ expectations of $165.60 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. Duolingo’s revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. Equities research analysts forecast that Duolingo will post 1.38 EPS for the current fiscal year.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $190.00, for a total value of $380,000.00. Following the sale, the general counsel now directly owns 35,033 shares of the company’s stock, valued at $6,656,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $235.18, for a total transaction of $1,881,440.00. Following the completion of the sale, the chief financial officer now owns 64,523 shares in the company, valued at $15,174,519.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 2,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $190.00, for a total transaction of $380,000.00. Following the sale, the general counsel now owns 35,033 shares of the company’s stock, valued at approximately $6,656,270. The disclosure for this sale can be found here. Insiders have sold 125,223 shares of company stock valued at $27,273,230 over the last ninety days. Corporate insiders own 19.85% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Several institutional investors have recently modified their holdings of DUOL. Norges Bank bought a new position in shares of Duolingo during the fourth quarter worth about $84,042,000. Wellington Management Group LLP grew its position in shares of Duolingo by 147.6% during the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after acquiring an additional 358,938 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Duolingo during the third quarter worth about $48,552,000. FMR LLC grew its position in shares of Duolingo by 37.9% during the third quarter. FMR LLC now owns 1,019,641 shares of the company’s stock worth $169,128,000 after acquiring an additional 280,051 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in shares of Duolingo by 5.0% during the third quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock worth $744,529,000 after acquiring an additional 213,552 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

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.