Duolingo (NASDAQ:DUOL) Rating Increased to Outperform at Citizens Jmp

Citizens Jmp upgraded shares of Duolingo (NASDAQ:DUOL) from a market perform rating to an outperform rating in a research note released on Tuesday morning, MarketBeat Ratings reports. They currently have $400.00 target price on the stock.

A number of other equities analysts have also weighed in on DUOL. JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $376.25.

Duolingo Stock Performance

Shares of DUOL opened at $288.81 on Tuesday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average price is $348.55 and its 200-day moving average price is $318.42. Duolingo has a 52 week low of $145.05 and a 52 week high of $441.77. The stock has a market cap of $13.07 billion, a P/E ratio of 157.82 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data 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). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Equities research analysts anticipate that Duolingo will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In related news, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total value of $1,622,400.00. Following the completion of the transaction, the chief financial officer now owns 67,730 shares of the company’s stock, valued at approximately $21,977,030.40. This represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $24,251.04. This represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,499 shares of company stock worth $31,512,968 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in Duolingo by 5.4% in the 4th quarter. California State Teachers Retirement System now owns 31,778 shares of the company’s stock worth $10,303,000 after buying an additional 1,635 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Duolingo by 74.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,518 shares of the company’s stock worth $1,141,000 after buying an additional 1,505 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Duolingo in the 4th quarter worth $22,343,000. Armis Advisers LLC bought a new position in shares of Duolingo during the 4th quarter valued at about $450,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Duolingo during the 4th quarter valued at about $4,734,000. Institutional investors own 91.59% of the company’s stock.

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.