Duolingo, Inc. (NASDAQ:DUOL) Given Average Rating of “Moderate Buy” by Brokerages

Duolingo, Inc. (NASDAQ:DUOL) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $355.55.

A number of brokerages have commented on DUOL. Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. The Goldman Sachs Group raised their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Scotiabank assumed coverage on Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the firm’s 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 in the company, valued at $24,446.88. This trade represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 305,639 shares of company stock valued at $105,445,057. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DUOL. Vontobel Holding Ltd. acquired a new stake in Duolingo in the 3rd quarter valued at approximately $474,000. nVerses Capital LLC grew its holdings in Duolingo by 33.3% in the 3rd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $113,000 after buying an additional 100 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in Duolingo in the 3rd quarter valued at approximately $265,000. Blue Trust Inc. grew its holdings in Duolingo by 228.7% in the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $133,000 after buying an additional 327 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after purchasing an additional 353,918 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Up 1.2 %

Shares of NASDAQ DUOL opened at $389.90 on Tuesday. Duolingo has a one year low of $145.05 and a one year high of $441.77. The firm has a market capitalization of $17.15 billion, a PE ratio of 213.06 and a beta of 0.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $357.79 and a two-hundred day moving average price of $306.82.

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.