Duolingo (NASDAQ:DUOL) PT Raised to $298.00

Duolingo (NASDAQ:DUOL) had its price target lifted by Bank of America from $292.00 to $298.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

DUOL has been the topic of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Duolingo from $275.00 to $255.00 and set an overweight rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC upped their price target on Duolingo from $245.00 to $310.00 and gave the company a buy rating in a research report on Wednesday. DA Davidson reissued a buy rating and issued a $250.00 price objective on shares of Duolingo in a research note on Tuesday, September 10th. JMP Securities lifted their target price on Duolingo from $260.00 to $275.00 and gave the company a market outperform rating in a research note on Wednesday. Finally, Barclays dropped their target price on Duolingo from $230.00 to $183.00 and set an equal weight rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned 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 $255.50.

Duolingo Trading Up 0.0 %

Shares of DUOL opened at $278.03 on Wednesday. The business’s 50-day moving average price is $208.21 and its 200 day moving average price is $206.07. 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 stock has a market capitalization of $11.99 billion, a P/E ratio of 286.63 and a beta of 0.76. Duolingo has a 1-year low of $140.16 and a 1-year high of $297.56.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. During the same period last year, the firm posted $0.08 earnings per share. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. Analysts expect that Duolingo will post 1.87 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Robert Meese sold 5,000 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the transaction, the insider now owns 142,053 shares in the company, valued at approximately $40,490,787.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the sale, the insider now owns 142,053 shares of the company’s stock, valued at approximately $40,490,787.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the sale, the insider now owns 139,760 shares of the company’s stock, valued at $29,001,597.60. The disclosure for this sale can be found here. Insiders sold 106,374 shares of company stock worth $22,019,727 over the last ninety days. 18.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC bought a new stake in Duolingo during the second quarter worth approximately $31,000. Blue Trust Inc. acquired a new stake in shares of Duolingo in the second quarter worth $32,000. GAMMA Investing LLC boosted its holdings in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Duolingo in the 2nd quarter valued at $36,000. Finally, Fifth Third Bancorp bought a new position in Duolingo in the 2nd quarter worth $40,000. 91.59% of the stock is 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.