Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Duolingo (NASDAQ:DUOL) had its price target upped by The Goldman Sachs Group from $250.00 to $275.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential downside of 15.87% from the company’s current price.

DUOL has been the subject of several other research reports. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Bank of America boosted their price objective on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. DA Davidson reaffirmed a “buy” rating and set a $250.00 target price on shares of Duolingo in a research report on Tuesday, September 10th. Finally, UBS Group boosted their price target on Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Five equities 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $325.44.

Duolingo Stock Up 3.5 %

NASDAQ:DUOL opened at $326.89 on Thursday. The firm has a market cap of $14.23 billion, a P/E ratio of 233.49 and a beta of 0.79. Duolingo has a fifty-two week low of $145.05 and a fifty-two week high of $330.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. The firm has a 50-day simple moving average of $270.84 and a two-hundred day simple moving average of $221.60.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.13. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. Duolingo’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Analysts predict that Duolingo will post 1.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 sale, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the transaction, the chief financial officer now owns 88,856 shares in the company, valued at approximately $18,417,183.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,374 shares of company stock worth $15,802,382. 18.30% of the stock is owned by corporate insiders.

Institutional Trading of Duolingo

Several large investors have recently bought and sold shares of DUOL. Duality Advisers LP purchased a new stake in shares of Duolingo during the first quarter valued at $287,000. SG Americas Securities LLC increased its holdings in shares of Duolingo by 261.8% in the first quarter. SG Americas Securities LLC now owns 3,640 shares of the company’s stock valued at $803,000 after purchasing an additional 2,634 shares during the period. Swiss National Bank raised its stake in shares of Duolingo by 1.3% in the first quarter. Swiss National Bank now owns 60,100 shares of the company’s stock worth $13,257,000 after purchasing an additional 800 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Duolingo by 19.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock worth $169,000 after purchasing an additional 127 shares during the period. Finally, Qsemble Capital Management LP acquired a new stake in Duolingo during the 1st quarter valued at approximately $528,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.