Analysts Set Duolingo, Inc. (NASDAQ:DUOL) Target Price at $245.20

Duolingo, Inc. (NASDAQ:DUOL) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $245.20.

DUOL has been the subject of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price target (down from $282.00) on shares of Duolingo in a research note on Friday, May 10th. DA Davidson initiated coverage on shares of Duolingo in a research report on Thursday, June 13th. They set a “buy” rating and a $250.00 price objective on the stock. Needham & Company LLC lifted their target price on shares of Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price target on the stock in a research note on Friday, July 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a research note on Wednesday, July 10th.

Insiders Place Their Bets

In other news, CEO Ahn Luis Von sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Ahn Luis Von sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $193.53, for a total transaction of $290,295.00. Following the completion of the sale, the insider now owns 147,282 shares in the company, valued at approximately $28,503,485.46. The disclosure for this sale can be found here. Insiders sold a total of 42,698 shares of company stock valued at $7,849,703 in the last quarter. Insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently added to or reduced their stakes in the company. Discovery Value Fund acquired a new position in shares of Duolingo in the 4th quarter valued at $27,000. Blue Trust Inc. acquired a new position in shares of Duolingo during the second quarter worth approximately $32,000. Larson Financial Group LLC acquired a new position in Duolingo during the 2nd quarter worth $31,000. GAMMA Investing LLC boosted its holdings in Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 133 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Duolingo in the 2nd quarter valued at about $40,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Trading Up 3.9 %

Shares of NASDAQ:DUOL opened at $165.06 on Friday. The firm has a fifty day moving average of $189.55 and a two-hundred day moving average of $199.18. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. Duolingo has a 12-month low of $121.89 and a 12-month high of $251.30. The firm has a market capitalization of $7.12 billion, a P/E ratio of 170.16 and a beta of 0.72.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.27. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The business had revenue of $167.70 million during the quarter, compared to analyst estimates of $165.60 million. During the same period last year, the company earned ($0.06) earnings per share. Duolingo’s quarterly revenue was up 44.9% compared to the same quarter last year. On average, equities analysts expect that Duolingo will post 1.74 EPS for the current fiscal year.

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.