Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Duolingo (NASDAQ:DUOL) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $303.00 to $360.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 10.13% from the company’s current price.

Several other research analysts have also issued reports on DUOL. DA Davidson reaffirmed a “buy” rating and issued a $250.00 target price on shares of Duolingo in a research note on Tuesday, September 10th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. UBS Group lifted their target price on shares of Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group increased their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Wolfe Research began coverage on Duolingo in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and an average target price of $325.44.

Duolingo Stock Up 3.5 %

NASDAQ:DUOL opened at $326.89 on Thursday. The company has a market cap of $14.23 billion, a price-to-earnings ratio of 233.49 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. The stock’s fifty day moving average price is $270.84 and its two-hundred day moving average price is $221.60. Duolingo has a 52-week low of $145.05 and a 52-week high of $330.61.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.13. The business had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, analysts anticipate that Duolingo will post 1.87 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the sale, the chief financial officer now directly owns 88,856 shares in the company, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by company insiders.

Institutional Trading of Duolingo

Hedge funds and other institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in shares of Duolingo during the third quarter worth about $29,000. Larson Financial Group LLC acquired a new stake in Duolingo in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. bought a new stake in Duolingo in the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC boosted its position in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Duolingo during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds 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.