Duolingo (NYSE:DUOL) Trading Down 4.3%

Duolingo Inc (NYSE:DUOL) shares dropped 4.3% on Thursday . The stock traded as low as $171.02 and last traded at $172.26. Approximately 1,431 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 260,538 shares. The stock had previously closed at $180.00.

Several equities analysts recently issued reports on the stock. Barclays started coverage on shares of Duolingo in a report on Monday, August 23rd. They set an “equal weight” rating and a $125.00 price target for the company. Raymond James started coverage on shares of Duolingo in a research note on Monday, August 23rd. They issued a “market perform” rating for the company. JMP Securities started coverage on Duolingo in a report on Monday, August 23rd. They issued an “outperform” rating and a $160.00 target price on the stock. The Goldman Sachs Group began coverage on Duolingo in a report on Monday, August 23rd. They set a “neutral” rating and a $125.00 price target for the company. Finally, Bank of America initiated coverage on Duolingo in a research note on Monday, August 30th. They issued a “buy” rating and a $160.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $144.33.

The stock has a 50-day moving average of $154.85.

Duolingo (NYSE:DUOL) last released its earnings results on Wednesday, August 11th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $58.80 million during the quarter. On average, research analysts anticipate that Duolingo Inc will post -2.06 earnings per share for the current year.

About Duolingo (NYSE:DUOL)

Duolingo Inc provides mobile language learning platform. Duolingo Inc is based in PITTSBURGH.

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