Barclays Issues Positive Forecast for Duolingo (NASDAQ:DUOL) Stock Price

Duolingo (NASDAQ:DUOL) had its target price boosted by Barclays from $295.00 to $330.00 in a research report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the stock. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective 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. UBS Group boosted their target price on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday. Finally, JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $369.09.

Duolingo Price Performance

Duolingo stock opened at $312.07 on Friday. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 170.53 and a beta of 0.89. Duolingo has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock’s 50 day moving average price is $359.71 and its two-hundred day moving average price is $310.14.

Insider Buying and Selling at Duolingo

In other news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now directly owns 67,730 shares in the company, valued at $21,977,030.40. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,639 shares of company stock worth $105,445,057. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of hedge funds have recently bought and sold shares of the business. Kensington Investment Counsel LLC increased its position in shares of Duolingo by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after purchasing an additional 30 shares during the last quarter. Lido Advisors LLC grew its position in Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after buying an additional 30 shares during the period. Mount Lucas Management LP increased its holdings in Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after buying an additional 32 shares during the last quarter. CIBC Asset Management Inc raised its position in Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after acquiring an additional 32 shares during the period. Finally, Atria Investments Inc boosted its stake in Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after acquiring an additional 39 shares during 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.