Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, Piper Sandler Analyst Says

Duolingo (NASDAQ:DUOL) had its price target lifted by stock analysts at Piper Sandler from $351.00 to $390.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 24.97% from the stock’s previous close.

DUOL has been the subject of several other reports. DA Davidson increased their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays increased 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, November 7th. The Goldman Sachs Group increased their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.09.

Duolingo Price Performance

DUOL stock opened at $312.07 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The business has a 50 day simple moving average of $359.71 and a 200-day simple moving average of $310.97. The firm has a market capitalization of $13.73 billion, a PE ratio of 170.53 and a beta of 0.89. Duolingo has a 1 year low of $145.05 and a 1 year high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Equities research analysts anticipate that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 305,639 shares of company stock worth $105,445,057 over the last ninety days. Company insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

Several hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Duolingo in the fourth quarter valued at $22,343,000. Armis Advisers LLC acquired a new stake in shares of Duolingo in the fourth quarter valued at $450,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Duolingo in the fourth quarter valued at $4,734,000. Westfuller Advisors LLC acquired a new stake in shares of Duolingo in the fourth quarter valued at $227,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Duolingo in the fourth quarter valued at $4,345,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.