Duolingo, Inc. (NASDAQ:DUOL) Receives $237.40 Average Price Target from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $237.40.

A number of analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $260.00 price objective on shares of Duolingo in a research report on Wednesday, July 10th. Needham & Company LLC reduced their target price on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays cut their price target on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. decreased their price objective on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Wolfe Research assumed coverage on Duolingo in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock.

Duolingo Price Performance

Shares of Duolingo stock opened at $212.57 on Tuesday. Duolingo has a 52 week low of $140.16 and a 52 week high of $251.30. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $189.57 and its two-hundred day moving average price is $200.68. The stock has a market cap of $9.17 billion, a PE ratio of 219.14 and a beta of 0.72.

Duolingo (NASDAQ:DUOL) last announced its 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. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. During the same period last year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Duolingo will post 1.74 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the transaction, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the transaction, the insider now owns 72 shares in the company, valued at $14,299.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at $18,417,183.12. The disclosure for this sale can be found here. Insiders sold a total of 59,091 shares of company stock worth $11,260,132 over the last 90 days. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC grew its position in Duolingo by 34.3% in the second quarter. Clearbridge Investments LLC now owns 173,867 shares of the company’s stock valued at $36,281,000 after purchasing an additional 44,413 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Duolingo by 23.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after buying an additional 12,860 shares in the last quarter. Creative Planning increased its holdings in Duolingo by 37.0% during the second quarter. Creative Planning now owns 3,932 shares of the company’s stock worth $820,000 after buying an additional 1,061 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of Duolingo by 4.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 287,210 shares of the company’s stock worth $59,932,000 after purchasing an additional 12,666 shares during the last quarter. Finally, Scientech Research LLC raised its stake in Duolingo by 164.6% in the second quarter. Scientech Research LLC now owns 9,332 shares of the company’s stock valued at $1,947,000 after buying an additional 5,805 shares during the period. Institutional investors and hedge funds 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.