Duolingo (NASDAQ:DUOL) Price Target Raised to $125.00 at Jefferies Financial Group

Duolingo (NASDAQ:DUOL) had its target price upped by Jefferies Financial Group from $95.00 to $125.00 in a research report report published on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also commented on the stock. DA Davidson reiterated a “neutral” rating and set a $120.00 price target on shares of Duolingo in a research note on Monday, June 29th. Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Argus reaffirmed a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Evercore set a $97.00 price objective on Duolingo in a report on Tuesday, May 5th. Finally, Morgan Stanley cut their target price on Duolingo from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $165.24.

Duolingo Stock Performance

Shares of Duolingo stock opened at $128.35 on Tuesday. The firm has a market capitalization of $5.98 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.03 and a beta of 0.88. Duolingo has a 52 week low of $87.89 and a 52 week high of $468.00. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $117.60 and its two-hundred day moving average is $119.91.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $288.60 million. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. Research analysts forecast that Duolingo will post 2.76 EPS for the current fiscal year.

Insider Activity at Duolingo

In related news, insider Robert Meese sold 1,420 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider owned 170,745 shares in the company, valued at $19,150,759.20. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.61, for a total transaction of $224,606.97. Following the transaction, the general counsel directly owned 52,807 shares in the company, valued at $5,999,403.27. The trade was a 3.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,506 shares of company stock worth $1,073,864 in the last 90 days. 16.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

Several hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC increased its position in Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares during the period. EFG International AG acquired a new stake in Duolingo during the 4th quarter worth approximately $26,000. AlphaCentric Advisors LLC purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $33,000. Banque Cantonale Vaudoise grew its stake in shares of Duolingo by 51.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Duolingo in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.