Duolingo (NASDAQ:DUOL) Price Target Increased to $303.00 by Analysts at JPMorgan Chase & Co.

Duolingo (NASDAQ:DUOL) had its price target upped by JPMorgan Chase & Co. from $255.00 to $303.00 in a research report report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. Bank of America raised their price target on Duolingo from $292.00 to $298.00 and gave the company a buy rating in a report on Wednesday. Evercore ISI raised Duolingo to a strong-buy rating in a report on Monday, August 5th. JMP Securities lifted their target price on Duolingo from $260.00 to $275.00 and gave the stock a market outperform rating in a report on Wednesday. DA Davidson reaffirmed a buy rating and set a $250.00 target price on shares of Duolingo in a report on Tuesday, September 10th. Finally, Piper Sandler reaffirmed an overweight rating and set a $271.00 target price on shares of Duolingo in a report on Friday, August 30th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $255.50.

Duolingo Price Performance

Shares of DUOL opened at $278.03 on Wednesday. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 286.63 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. Duolingo has a one year low of $140.16 and a one year high of $297.56. The stock’s fifty day moving average is $208.21 and its 200-day moving average is $206.23.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. Equities analysts anticipate that Duolingo will post 1.87 EPS for the current year.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $198.61, for a total value of $1,986,100.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $14,299.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $196.24, for a total value of $294,360.00. Following the transaction, the insider now owns 145,782 shares of the company’s stock, valued at approximately $28,608,259.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $198.61, for a total value of $1,986,100.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at $14,299.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,374 shares of company stock valued at $22,019,727. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC acquired a new stake in Duolingo during the 2nd quarter worth about $31,000. Blue Trust Inc. acquired a new stake in Duolingo during the 2nd quarter worth about $32,000. GAMMA Investing LLC boosted its position in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo during the 2nd quarter worth about $36,000. Finally, Fifth Third Bancorp acquired a new stake in Duolingo during the 2nd quarter worth about $40,000. 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.