Duolingo (NASDAQ:DUOL) Price Target Raised to $400.00 at DA Davidson

Duolingo (NASDAQ:DUOL) had its price target lifted by DA Davidson from $350.00 to $400.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on DUOL. Jefferies Financial Group assumed coverage on shares of Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Needham & Company LLC upped their price target on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Piper Sandler upped their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus target price of $369.09.

Duolingo Stock Down 17.0 %

DUOL stock opened at $312.07 on Friday. The firm’s fifty day simple moving average is $359.71 and its 200-day simple moving average is $310.14. The company has a market capitalization of $13.73 billion, a P/E ratio of 170.53 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo has a 12 month low of $145.05 and a 12 month high of $441.77.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, the insider now directly owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. This represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 305,639 shares of company stock valued at $105,445,057 in the last 90 days. 18.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently modified their holdings of DUOL. FMR LLC raised its stake in Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Vanguard Group Inc. increased its holdings in shares of Duolingo by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after buying an additional 70,705 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Duolingo by 0.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock valued at $434,398,000 after buying an additional 10,638 shares during the period. Invesco Ltd. lifted its holdings in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after acquiring an additional 378,225 shares during the last quarter. Finally, State Street Corp grew its position in Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after acquiring an additional 36,923 shares during the period. Hedge funds and other 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.