JMP Securities Reaffirms “Market Perform” Rating for Duolingo (NASDAQ:DUOL)

Duolingo (NASDAQ:DUOL)‘s stock had its “market perform” rating restated by JMP Securities in a research report issued to clients and investors on Friday,Benzinga reports.

A number of other analysts have also recently weighed in on the company. Piper Sandler increased their price objective on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. DA Davidson increased their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group raised their price target on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays raised their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group started coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $355.55.

Duolingo Trading Up 0.6 %

DUOL opened at $432.69 on Friday. Duolingo has a one year low of $145.05 and a one year high of $436.98. The company has a market cap of $19.03 billion, a P/E ratio of 236.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The business’s 50-day simple moving average is $349.58 and its 200-day simple moving average is $295.30.

Insider Buying and Selling at Duolingo

In other news, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $28,185.12. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 289,624 shares of company stock worth $98,478,298 over the last three months. Corporate insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Institutional investors and hedge funds have recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $474,000. nVerses Capital LLC raised its stake in Duolingo by 33.3% during the third quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $113,000 after buying an additional 100 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in Duolingo in the third quarter worth $265,000. Blue Trust Inc. grew its holdings in shares of Duolingo by 228.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $133,000 after buying an additional 327 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after purchasing an additional 353,918 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

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.