Brokerages Set Duolingo, Inc. (NASDAQ:DUOL) Price Target at $195.94

Duolingo, Inc. (NASDAQ:DUOL) has been given a consensus rating of “Hold” by the twenty-two brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $195.9444.

Several analysts recently commented on DUOL shares. Zacks Research raised Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group dropped their price objective on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Bank of America reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Duolingo in a research note on Friday, February 27th. Morgan Stanley dropped their price objective on Duolingo from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 5th. Finally, Evercore set a $97.00 target price on Duolingo in a report on Tuesday, May 5th.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,545 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.51, for a total transaction of $402,392.95. Following the completion of the transaction, the insider owned 115,380 shares in the company, valued at approximately $13,096,783.80. This represents a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Skaruppa sold 3,986 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the transaction, the chief financial officer owned 31,631 shares of the company’s stock, valued at $3,590,751.12. The trade was a 11.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,432 shares of company stock worth $1,070,191 in the last 90 days. Company insiders own 16.62% of the company’s stock.

Hedge Funds Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently bought and sold shares of DUOL. Root Financial Partners LLC lifted its position in Duolingo by 194.1% during the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after acquiring an additional 165 shares during the last quarter. EFG International AG acquired a new stake in shares of Duolingo in the fourth quarter valued at approximately $26,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Duolingo in the third quarter valued at approximately $32,000. AlphaCentric Advisors LLC acquired a new position in Duolingo during the fourth quarter valued at approximately $33,000. Finally, Banque Cantonale Vaudoise raised its position in Duolingo by 51.1% during the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

NASDAQ DUOL opened at $113.24 on Thursday. Duolingo has a twelve month low of $87.89 and a twelve month high of $540.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a market capitalization of $5.28 billion, a PE ratio of 13.03, a P/E/G ratio of 0.85 and a beta of 0.90. The stock has a 50-day simple moving average of $100.90 and a 200 day simple moving average of $142.73.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. Research analysts anticipate that Duolingo will post 2.84 EPS for the current year.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.