Duolingo (NYSE:DUOL) PT Raised to $117.00 at Raymond James

Posted by Defense World Staff on Mar 5th, 2023

Duolingo (NYSE:DUOL – Get Rating) had its target price boosted by Raymond James from $109.00 to $117.00 in a report published on Wednesday, The Fly reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on DUOL. Piper Sandler dropped their price objective on shares of Duolingo from $119.00 to $95.00 and set an overweight rating on the stock in a research note on Tuesday, January 3rd. Bank of America lowered their price target on shares of Duolingo from $130.00 to $105.00 and set a buy rating on the stock in a research note on Friday, November 11th. Barclays upped their price target on shares of Duolingo from $84.00 to $99.00 and gave the stock an equal weight rating in a research note on Wednesday. Finally, Evercore ISI upped their price target on shares of Duolingo from $130.00 to $135.00 in a research note on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Duolingo currently has a consensus rating of Moderate Buy and an average target price of $116.33.

Duolingo Stock Performance

Shares of DUOL opened at $119.27 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.29 and a current ratio of 3.84. The stock has a market capitalization of $4.73 billion, a P/E ratio of -79.51 and a beta of 0.10. The company’s fifty day moving average is $87.14 and its two-hundred day moving average is $85.52. Duolingo has a 1 year low of $60.50 and a 1 year high of $121.33.

Duolingo (NYSE:DUOL – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.18. The company had revenue of $103.82 million for the quarter, compared to analysts’ expectations of $99.88 million. Duolingo had a negative net margin of 16.12% and a negative return on equity of 11.22%. Duolingo’s revenue was up 42.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.46) EPS. On average, sell-side analysts predict that Duolingo will post -0.85 earnings per share for the current year.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 500 shares of the stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $94.04, for a total value of $47,020.00. Following the sale, the insider now directly owns 135,385 shares of the company’s stock, valued at approximately $12,731,605.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Duolingo news, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $108.08, for a total value of $540,400.00. Following the transaction, the chief financial officer now directly owns 43,987 shares in the company, valued at approximately $4,754,114.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 500 shares of the company’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $94.04, for a total transaction of $47,020.00. Following the completion of the transaction, the insider now owns 135,385 shares in the company, valued at $12,731,605.40. The disclosure for this sale can be found here. In the last three months, insiders have acquired 208,082 shares of company stock valued at $15,005,337 and have sold 43,393 shares valued at $3,823,331. 22.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Durable Capital Partners LP lifted its holdings in Duolingo by 10.1% in the 4th quarter. Durable Capital Partners LP now owns 4,156,738 shares of the company’s stock valued at $295,669,000 after purchasing an additional 379,844 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Duolingo by 6.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,252,753 shares of the company’s stock valued at $231,367,000 after purchasing an additional 183,200 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Duolingo by 24.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock valued at $224,510,000 after purchasing an additional 468,057 shares in the last quarter. BlackRock Inc. lifted its holdings in Duolingo by 2.8% in the 3rd quarter. BlackRock Inc. now owns 2,050,703 shares of the company’s stock valued at $195,287,000 after purchasing an additional 56,708 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Duolingo by 605.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company’s stock worth $98,596,000 after acquiring an additional 966,604 shares during the period. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Company Profile

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Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.

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