Barclays Issues Positive Forecast for Duolingo (NASDAQ:DUOL) Stock Price

Duolingo (NASDAQ:DUOL) had its target price hoisted by Barclays from $295.00 to $330.00 in a report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms also recently issued reports on DUOL. DA Davidson boosted their price target on Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday. Piper Sandler upped their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price target on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Seven research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $369.09.

Duolingo Stock Down 17.0 %

Duolingo stock opened at $312.07 on Friday. The company’s 50-day moving average price is $359.71 and its two-hundred day moving average price is $310.14. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $13.73 billion, a P/E ratio of 170.53 and a beta of 0.89. Duolingo has a twelve month low of $145.05 and a twelve month high of $441.77.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $24,446.88. This represents a 99.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the transaction, the insider now directly owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,639 shares of company stock valued at $105,445,057. 18.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DUOL. True Wealth Design LLC bought a new stake in Duolingo during the 3rd quarter worth $26,000. First Horizon Advisors Inc. bought a new position in Duolingo in the 3rd quarter valued at approximately $29,000. Quarry LP raised its holdings in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after buying an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo during the 4th quarter worth approximately $31,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Company Profile

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.