Barclays Lowers Duolingo (NASDAQ:DUOL) Price Target to $230.00

Duolingo (NASDAQ:DUOL) had its price target cut by research analysts at Barclays from $390.00 to $230.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 21.17% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Morgan Stanley increased their price objective on shares of Duolingo from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Needham & Company LLC cut their price target on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday. DA Davidson lowered shares of Duolingo from a “buy” rating to a “neutral” rating and decreased their price target for the company from $500.00 to $300.00 in a report on Thursday, September 4th. Raymond James Financial restated a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Finally, Wall Street Zen lowered Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Eleven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Duolingo has a consensus rating of “Hold” and a consensus price target of $397.21.

Duolingo Trading Down 27.0%

DUOL traded down $70.21 during trading on Thursday, hitting $189.81. The company’s stock had a trading volume of 4,343,162 shares, compared to its average volume of 1,188,616. Duolingo has a twelve month low of $185.64 and a twelve month high of $544.93. The firm’s 50 day moving average price is $302.27 and its 200-day moving average price is $378.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The stock has a market cap of $8.70 billion, a PE ratio of 78.11, a PEG ratio of 1.73 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, beating the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm had revenue of $271.71 million during the quarter, compared to analyst estimates of $260.14 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity

In related news, insider Robert Meese sold 1,444 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $475,119.32. Following the completion of the sale, the insider directly owned 120,080 shares in the company, valued at approximately $39,509,922.40. This represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 1,515 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total value of $486,860.40. Following the completion of the transaction, the general counsel directly owned 32,638 shares in the company, valued at $10,488,547.68. This trade represents a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 73,791 shares of company stock worth $23,018,101 in the last quarter. Insiders own 15.67% of the company’s stock.

Hedge Funds Weigh In On Duolingo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC grew its position in Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Duolingo during the first quarter worth about $28,000. Brooklyn Investment Group increased its holdings in Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Kiker Wealth Management LLC acquired a new stake in shares of Duolingo during the second quarter worth approximately $31,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Duolingo in the third quarter worth $32,000. Hedge funds and other 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.