JPMorgan Chase & Co. Issues Positive Forecast for Duolingo (NASDAQ:DUOL) Stock Price

Duolingo (NASDAQ:DUOL) had its price objective upped by JPMorgan Chase & Co. from $400.00 to $410.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms have also commented on DUOL. Piper Sandler lifted their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. DA Davidson lifted their price target on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $369.09.

Duolingo Trading Down 17.0 %

NASDAQ:DUOL opened at $312.07 on Friday. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 170.53 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’s 50 day moving average price is $359.71 and its 200-day moving average price is $310.14. Duolingo has a 52 week low of $145.05 and a 52 week high of $441.77.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,639 shares of company stock worth $105,445,057. Company insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Duolingo in the fourth quarter worth $1,994,000. Lecap Asset Management Ltd. bought a new stake in Duolingo during the fourth quarter valued at about $429,000. Charles Schwab Investment Management Inc. lifted its position in shares of 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 acquiring an additional 101,653 shares in the last quarter. Lisanti Capital Growth LLC boosted its stake in shares of Duolingo by 17.8% in the third 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 during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Duolingo during the third quarter worth about $4,350,000. 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.