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

Duolingo (NASDAQ:DUOL) had its price target lifted by UBS Group from $355.00 to $408.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

DUOL has been the subject of a number of other research reports. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Bank of America lifted their target price on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group increased their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Barclays boosted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average target price of $331.33.

Duolingo Trading Down 4.7 %

Shares of DUOL opened at $307.32 on Thursday. The business’s 50-day moving average price is $281.68 and its 200 day moving average price is $224.96. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $13.52 billion, a P/E ratio of 167.94 and a beta of 0.79. Duolingo has a 1-year low of $145.05 and a 1-year high of $330.61.

Duolingo (NASDAQ:DUOL) last released 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. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Analysts expect that Duolingo will post 2.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 1,500 shares of the business’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 transaction, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at $18,417,183.12. This represents a 16.53 % decrease in their ownership of the stock. 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 90 days. 18.30% of the stock is currently owned by company insiders.

Institutional Trading of Duolingo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dragoneer Investment Group LLC acquired a new stake in Duolingo during the second quarter valued at approximately $204,768,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after buying an additional 12,860 shares during the period. Lisanti Capital Growth LLC boosted its stake in Duolingo by 17.8% in the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after buying an additional 1,760 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after acquiring an additional 154,659 shares during the period. Finally, Vanguard Group Inc. raised its stake in Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after acquiring an additional 67,004 shares in the last quarter. 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.