Duolingo (NASDAQ:DUOL) Receives “Market Perform” Rating from JMP Securities

Duolingo (NASDAQ:DUOL)‘s stock had its “market perform” rating reiterated by equities researchers at JMP Securities in a research note issued on Friday,Benzinga reports.

A number of other brokerages also recently commented on DUOL. UBS Group lifted their target price on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays lifted their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Piper Sandler lifted their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, DA Davidson boosted their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Trading Down 1.5 %

Shares of DUOL traded down $6.43 during midday trading on Friday, reaching $423.90. The company had a trading volume of 206,410 shares, compared to its average volume of 596,975. Duolingo has a 1-year low of $145.05 and a 1-year high of $436.98. 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 firm has a 50 day simple moving average of $348.29 and a 200-day simple moving average of $292.59. The stock has a market cap of $18.65 billion, a PE ratio of 232.58 and a beta of 0.89.

Insiders Place Their Bets

In related news, insider Severin Hacker sold 10,000 shares of the business’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 $28,185.12. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 289,624 shares of company stock worth $98,478,298 over the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUOL. Lecap Asset Management Ltd. purchased a new stake in shares of Duolingo during the 4th quarter worth $429,000. Charles Schwab Investment Management Inc. raised its stake in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after buying an additional 101,653 shares in the last quarter. Lisanti Capital Growth LLC boosted its position in shares of Duolingo by 17.8% during the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after acquiring an additional 1,760 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Duolingo in the 3rd quarter valued at about $4,350,000. Finally, Diversified Trust Co acquired a new stake in shares of Duolingo during the 4th quarter worth about $784,000. 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.