UBS Group Forecasts Strong Price Appreciation for Duolingo (NASDAQ:DUOL) Stock

Duolingo (NASDAQ:DUOLFree Report) had its target price increased by UBS Group from $400.00 to $500.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. DA Davidson increased their target price on shares of Duolingo from $410.00 to $470.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group raised their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research note on Tuesday, March 18th. Needham & Company LLC raised their price target on Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Evercore ISI boosted their price objective on Duolingo from $400.00 to $480.00 and gave the company an “outperform” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $422.50.

View Our Latest Report on DUOL

Duolingo Stock Performance

NASDAQ DUOL opened at $486.42 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo has a twelve month low of $145.05 and a twelve month high of $487.00. The business has a 50-day moving average price of $326.31 and a 200-day moving average price of $337.19. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 265.80 and a beta of 0.91.

Duolingo (NASDAQ:DUOLGet Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $230.74 million for the quarter, compared to analysts’ expectations of $223.15 million. The business’s revenue was up 37.6% on a year-over-year basis. As a group, equities research analysts predict that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $28,185.12. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,868 shares of company stock worth $37,549,300. 18.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Norges Bank acquired a new stake in Duolingo during the 4th quarter worth $152,296,000. T. Rowe Price Investment Management Inc. lifted its position in Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock valued at $152,659,000 after acquiring an additional 398,259 shares during the last quarter. Invesco Ltd. boosted its stake in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after acquiring an additional 378,225 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Duolingo by 41,959.1% during the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock worth $74,448,000 after purchasing an additional 239,167 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Duolingo (NASDAQ:DUOL)

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