UBS Group Boosts Duolingo (NASDAQ:DUOL) Price Target to $408.00

Duolingo (NASDAQ:DUOL) had its target price upped by analysts at UBS Group from $355.00 to $408.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 28.07% from the company’s previous close.

A number of other brokerages have also issued reports on DUOL. Bank of America increased their price objective on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. The Goldman Sachs Group lifted their target price on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays increased their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Five 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $331.33.

Duolingo Price Performance

Shares of DUOL traded down $4.86 during mid-day trading on Thursday, reaching $318.57. The stock had a trading volume of 29,312 shares, compared to its average volume of 697,128. The business has a fifty day moving average of $277.45 and a 200 day moving average of $223.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of 173.93 and a beta of 0.79. Duolingo has a 12 month low of $145.05 and a 12 month high of $330.61.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the prior year, the firm posted $0.06 EPS. Duolingo’s quarterly revenue was up 39.9% compared to the same quarter last year. Equities analysts predict that Duolingo will post 2.02 EPS for the current year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the sale, the insider now owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the completion of the transaction, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares in the company, valued at $29,001,597.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock valued at $15,802,382 over the last three months. 18.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mount Lucas Management LP increased its holdings in Duolingo by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after purchasing an additional 32 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Duolingo by 5.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock valued at $231,000 after buying an additional 55 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Duolingo by 3.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after buying an additional 73 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the period. 91.59% of the stock is currently owned by institutional investors.

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.