JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Duolingo (NASDAQ:DUOL) Stock

Duolingo (NASDAQ:DUOL) had its target price increased by JPMorgan Chase & Co. from $400.00 to $410.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 31.72% from the stock’s current price.

A number of other research analysts also recently commented on DUOL. Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Needham & Company LLC boosted their price target on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, DA Davidson boosted their target price on shares of Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $365.91.

Duolingo Stock Down 17.2 %

Shares of DUOL traded down $64.52 during trading on Friday, reaching $311.26. The company’s stock had a trading volume of 2,023,941 shares, compared to its average volume of 722,972. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 172.52 and a beta of 0.89. 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 company has a fifty day moving average of $360.31 and a two-hundred day moving average of $309.24. Duolingo has a twelve month low of $145.05 and a twelve month high of $441.77.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kensington Investment Counsel LLC boosted its holdings in shares of Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after acquiring an additional 30 shares in the last quarter. Lido Advisors LLC boosted its stake in Duolingo by 0.3% during the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after purchasing an additional 30 shares in the last quarter. Mount Lucas Management LP increased its position in shares of Duolingo by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc raised its stake in shares of Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after buying an additional 32 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after buying an additional 39 shares during the period. 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.