Citigroup Lowers Duolingo (NASDAQ:DUOL) Price Target to $270.00

Duolingo (NASDAQ:DUOL) had its price objective dropped by investment analysts at Citigroup from $375.00 to $270.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 39.37% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wells Fargo & Company dropped their price objective on shares of Duolingo from $239.00 to $185.00 and set an “underweight” rating for the company in a research note on Thursday. Citizens Jmp reiterated a “market perform” rating on shares of Duolingo in a report on Thursday. KeyCorp lowered shares of Duolingo from an “overweight” rating to a “sector weight” rating in a report on Thursday. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Ten investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Duolingo presently has a consensus rating of “Hold” and an average price target of $365.16.

Duolingo Stock Performance

DUOL traded down $66.29 on Thursday, reaching $193.73. The stock had a trading volume of 10,933,745 shares, compared to its average volume of 1,229,244. Duolingo has a 12-month low of $182.00 and a 12-month high of $544.93. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $302.27 and its two-hundred day moving average price is $378.73. The company has a market cap of $8.88 billion, a P/E ratio of 79.82, a price-to-earnings-growth 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, topping analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business had revenue of $271.71 million during the quarter, compared to analysts’ expectations of $260.14 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 41.1% on a year-over-year basis. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Duolingo will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $288.94, for a total value of $2,889,400.00. Following the completion of the transaction, the insider owned 72 shares in the company, valued at $20,803.68. The trade was a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 3,283 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the transaction, the insider owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 73,791 shares of company stock valued at $23,018,101. 15.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently modified their holdings of DUOL. Baillie Gifford & Co. raised its holdings in shares of Duolingo by 28.6% in the 3rd quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock valued at $910,110,000 after purchasing an additional 628,943 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Duolingo by 110.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after purchasing an additional 520,069 shares in the last quarter. Norges Bank purchased a new position in shares of Duolingo in the 2nd quarter valued at $192,965,000. Invesco Ltd. grew its position in shares of Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after buying an additional 261,212 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Duolingo by 105.9% in the 2nd quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock valued at $170,249,000 after buying an additional 213,529 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.