Brokerages Set Duolingo, Inc. (NASDAQ:DUOL) PT at $355.55

Duolingo, Inc. (NASDAQ:DUOL) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $355.55.

A number of research analysts have recently commented on DUOL shares. Piper Sandler raised their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. UBS Group raised their price target on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Barclays raised their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 4,464 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $313.55, for a total value of $1,399,687.20. Following the completion of the transaction, the chief financial officer now owns 63,266 shares in the company, valued at $19,837,054.30. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. Insiders sold 305,639 shares of company stock valued at $105,445,057 over the last 90 days. 18.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Westfuller Advisors LLC acquired a new position in shares of Duolingo in the 4th quarter valued at $227,000. GF Fund Management CO. LTD. acquired a new position in shares of Duolingo in the 4th quarter valued at $4,345,000. Public Employees Retirement System of Ohio acquired a new position in shares of Duolingo in the 4th quarter valued at $4,140,000. GTS Securities LLC boosted its position in Duolingo by 104.3% during the 4th quarter. GTS Securities LLC now owns 825 shares of the company’s stock worth $267,000 after acquiring an additional 20,025 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its position in Duolingo by 23.9% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 923 shares of the company’s stock worth $299,000 after acquiring an additional 178 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $389.90 on Tuesday. Duolingo has a 1-year low of $145.05 and a 1-year high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The business’s fifty day moving average price is $357.79 and its two-hundred day moving average price is $306.82. The firm has a market capitalization of $17.15 billion, a PE ratio of 213.06 and a beta of 0.89.

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.