The Goldman Sachs Group Issues Positive Forecast for Duolingo (NASDAQ:DUOL) Stock Price

Duolingo (NASDAQ:DUOL) had its price objective raised by The Goldman Sachs Group from $250.00 to $275.00 in a research note released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

DUOL has been the subject of a number of other reports. Wolfe Research began coverage on Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Piper Sandler lifted their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday. DA Davidson restated a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a report on Tuesday, September 10th. Barclays boosted their target price on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Needham & Company LLC boosted their price objective on Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a report on Thursday. Five 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $325.44.

Duolingo Stock Up 3.5 %

DUOL traded up $11.07 on Thursday, hitting $326.89. The company had a trading volume of 682,468 shares, compared to its average volume of 702,307. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 225.59 and a beta of 0.79. The stock has a fifty day moving average price of $268.56 and a 200-day moving average price of $220.76. Duolingo has a 12-month low of $145.05 and a 12-month 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.

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

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,374 shares of company stock valued at $15,802,382 over the last quarter. 18.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently modified their holdings of the company. Larson Financial Group LLC purchased a new stake in Duolingo during the second quarter worth $31,000. Blue Trust Inc. purchased a new stake in shares of Duolingo in the 2nd quarter worth about $32,000. GAMMA Investing LLC increased its holdings in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo during the 2nd quarter worth about $36,000. Finally, Farther Finance Advisors LLC raised its position in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

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.