Duolingo (NASDAQ:DUOL) Given New $185.00 Price Target at Wells Fargo & Company

Duolingo (NASDAQ:DUOL) had its price target cut by Wells Fargo & Company from $239.00 to $185.00 in a report released on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

DUOL has been the subject of a number of other research reports. DA Davidson lowered their price objective on shares of Duolingo from $300.00 to $220.00 and set a “neutral” rating for the company in a research report on Thursday. Baird R W raised shares of Duolingo to a “hold” rating in a research note on Friday, September 5th. Citizens Jmp decreased their target price on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating for the company in a research note on Monday, July 28th. UBS Group decreased their price target on shares of Duolingo from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Finally, Morgan Stanley boosted their price objective on Duolingo from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $340.53.

Duolingo Stock Up 3.9%

Shares of Duolingo stock traded up $7.47 during trading hours on Thursday, hitting $201.21. 4,329,856 shares of the company’s stock traded hands, compared to its average volume of 1,862,113. The company has a market cap of $9.22 billion, a PE ratio of 67.04, a PEG ratio of 1.28 and a beta of 0.83. Duolingo has a twelve month low of $182.00 and a twelve month high of $544.93. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $299.69 and a 200-day simple moving average of $377.44.

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. The company had revenue of $271.71 million during the quarter, compared to analysts’ expectations of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The business’s revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $263.13, for a total transaction of $2,631,300.00. Following the completion of the sale, the insider owned 72 shares of the company’s stock, valued at $18,945.36. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 3,283 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the sale, the insider owned 116,171 shares of the company’s stock, valued at $36,280,203.30. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 83,791 shares of company stock worth $25,649,401 in the last 90 days. 15.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after buying an additional 116,135 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Duolingo by 28.6% during the third quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock worth $910,110,000 after buying an additional 628,943 shares in the last quarter. Invesco Ltd. raised its position in Duolingo by 24.1% in the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock worth $418,073,000 after purchasing an additional 261,212 shares in the last quarter. State Street Corp raised its holdings in shares of Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after buying an additional 6,109 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Duolingo by 110.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after acquiring an additional 520,069 shares during the period. 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.