Duolingo, Inc. (NASDAQ:DUOL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Duolingo, Inc. (NASDAQ:DUOL) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Seven 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. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $355.55.

DUOL has been the subject of a number of research analyst reports. Scotiabank initiated coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target for the company. Jefferies Financial Group initiated coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th.

Duolingo Stock Performance

Shares of DUOL opened at $432.69 on Tuesday. Duolingo has a one year low of $145.05 and a one year high of $436.98. The company has a 50-day moving average of $351.02 and a two-hundred day moving average of $298.06. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 236.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the sale, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 289,624 shares of company stock worth $98,478,298. Insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Voloridge Investment Management LLC raised its holdings in Duolingo by 270.3% during the 4th quarter. Voloridge Investment Management LLC now owns 146,674 shares of the company’s stock worth $47,556,000 after purchasing an additional 107,063 shares during the last quarter. Waverly Advisors LLC bought a new stake in Duolingo during the 4th quarter worth about $501,000. Vident Advisory LLC raised its holdings in Duolingo by 59.7% during the 4th quarter. Vident Advisory LLC now owns 2,234 shares of the company’s stock worth $724,000 after purchasing an additional 835 shares during the last quarter. Twinbeech Capital LP bought a new stake in Duolingo during the 4th quarter worth about $24,159,000. Finally, Tidal Investments LLC raised its holdings in Duolingo by 216.5% during the 4th quarter. Tidal Investments LLC now owns 4,940 shares of the company’s stock worth $1,602,000 after purchasing an additional 3,379 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

About Duolingo

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.