Duolingo (NASDAQ:DUOL) Given New $340.00 Price Target at The Goldman Sachs Group

Duolingo (NASDAQ:DUOL) had its target price boosted by The Goldman Sachs Group from $275.00 to $340.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also weighed in on DUOL. Jefferies Financial Group started coverage on shares of Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 target price on the stock. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC boosted their price objective on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. DA Davidson upped their target price on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Scotiabank initiated coverage on shares of Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and a consensus price target of $375.00.

Duolingo Price Performance

DUOL stock opened at $295.23 on Monday. The firm’s 50-day moving average price is $358.86 and its two-hundred day moving average price is $312.43. Duolingo has a 12-month low of $145.05 and a 12-month high of $441.77. The stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of 161.33 and a beta of 0.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, equities analysts predict that Duolingo will post 2.03 earnings per share for the current year.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the company’s 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 completion of the transaction, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 305,639 shares of company stock valued at $105,445,057 over the last three months. Corporate insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Duolingo during the fourth quarter valued at $22,343,000. Armis Advisers LLC bought a new position in Duolingo during the fourth quarter valued at $450,000. Polar Asset Management Partners Inc. bought a new position in Duolingo during the fourth quarter valued at $4,734,000. Westfuller Advisors LLC bought a new position in Duolingo during the fourth quarter valued at $227,000. Finally, GF Fund Management CO. LTD. bought a new position in Duolingo during the fourth quarter valued at $4,345,000. 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.