DA Davidson Lowers Duolingo (NASDAQ:DUOL) Price Target to $500.00

Duolingo (NASDAQ:DUOL) had its price target lowered by equities researchers at DA Davidson from $600.00 to $500.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 25.42% from the company’s previous close.

A number of other equities analysts have also weighed in on DUOL. Piper Sandler set a $375.00 price target on shares of Duolingo in a research report on Friday, May 2nd. Morgan Stanley boosted their price objective on Duolingo from $435.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group lifted their target price on shares of Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Finally, Barclays upped their price objective on Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and an average price target of $443.53.

Duolingo Stock Up 0.2%

DUOL stock opened at $398.66 on Wednesday. Duolingo has a 52 week low of $145.05 and a 52 week high of $544.93. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $471.15 and a 200-day simple moving average of $384.34. The stock has a market capitalization of $18.12 billion, a P/E ratio of 196.39, a P/E/G ratio of 3.05 and a beta of 1.00.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. Duolingo’s revenue for the quarter was up 37.6% on a year-over-year basis. Equities analysts forecast that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 3,482 shares of Duolingo stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the transaction, the insider now directly owns 127,251 shares in the company, valued at approximately $40,668,147.09. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total value of $2,619,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,482 shares of company stock valued at $30,373,992. 15.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

Large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after buying an additional 1,063,327 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after acquiring an additional 520,069 shares in the last quarter. Norges Bank acquired a new stake in Duolingo in the fourth quarter valued at approximately $152,296,000. Invesco Ltd. lifted its stake in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after acquiring an additional 378,225 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock worth $74,448,000 after acquiring an additional 239,167 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

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.