Duolingo (NASDAQ:DUOL) Price Target Raised to $275.00 at The Goldman Sachs Group

Duolingo (NASDAQ:DUOL) had its price objective raised by The Goldman Sachs Group from $250.00 to $275.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts also recently weighed in on the company. Piper Sandler raised their price objective on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday. DA Davidson reissued a “buy” rating and set a $250.00 target price on shares of Duolingo in a report on Tuesday, September 10th. Evercore ISI raised Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Barclays raised their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Bank of America lifted their target price on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

Duolingo Stock Up 3.5 %

Shares of NASDAQ DUOL traded up $11.07 during mid-day trading on Thursday, hitting $326.89. The company had a trading volume of 682,468 shares, compared to its average volume of 702,307. Duolingo has a one year low of $145.05 and a one year high of $330.61. The company has a market capitalization of $14.23 billion, a PE ratio of 225.59 and a beta of 0.79. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $268.56 and a two-hundred day simple moving average of $220.76.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.13. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, equities analysts expect that Duolingo will post 1.87 EPS for the current year.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the transaction, the insider now owns 142,053 shares in the company, valued at approximately $40,490,787.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the sale, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,374 shares of company stock valued at $15,802,382. Corporate insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Large investors have recently bought and sold shares of the business. Larson Financial Group LLC bought a new stake in shares of Duolingo during the second quarter worth $31,000. Blue Trust Inc. bought a new stake in Duolingo during the 2nd quarter valued at about $32,000. GAMMA Investing LLC grew its stake in Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo during the second quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.