Duolingo (NYSE:DUOL) Given New $84.00 Price Target at Barclays

Duolingo (NYSE:DUOLGet Rating) had its price objective boosted by stock analysts at Barclays from $83.00 to $84.00 in a research note issued on Wednesday, The Fly reports. Barclays‘s price objective would indicate a potential downside of 1.55% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Piper Sandler reduced their target price on Duolingo from $119.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 3rd. Raymond James dropped their price target on Duolingo from $111.00 to $109.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. Bank of America dropped their price target on Duolingo from $130.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. Finally, Evercore ISI lifted their price target on Duolingo from $130.00 to $135.00 in a research report on Friday, November 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.44.

Duolingo Price Performance

Shares of Duolingo stock opened at $85.32 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.29 and a quick ratio of 4.29. The business’s 50 day simple moving average is $72.75 and its two-hundred day simple moving average is $85.94. The stock has a market capitalization of $3.38 billion, a P/E ratio of -52.99 and a beta of -0.29. Duolingo has a one year low of $60.50 and a one year high of $113.36.

Duolingo (NYSE:DUOLGet Rating) last posted its earnings results on Thursday, November 10th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.13. Duolingo had a negative return on equity of 12.06% and a negative net margin of 18.65%. The firm had revenue of $96.07 million for the quarter, compared to analysts’ expectations of $95.15 million. Analysts forecast that Duolingo will post -1.66 EPS for the current year.

Insiders Place Their Bets

In other Duolingo news, CFO Matthew Skaruppa sold 1,156 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $79.31, for a total value of $91,682.36. Following the sale, the chief financial officer now directly owns 47,762 shares of the company’s stock, valued at $3,788,004.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Duolingo news, CFO Matthew Skaruppa sold 1,156 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $79.31, for a total value of $91,682.36. Following the sale, the chief financial officer now directly owns 47,762 shares of the company’s stock, valued at $3,788,004.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Durable Capital Partners Lp bought 14,611 shares of the company’s stock in a transaction on Tuesday, December 27th. The stock was bought at an average cost of $69.06 per share, for a total transaction of $1,009,035.66. Following the completion of the acquisition, the insider now directly owns 3,736,757 shares of the company’s stock, valued at approximately $258,060,438.42. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 208,082 shares of company stock valued at $15,005,337 and have sold 33,806 shares valued at $2,587,576. Corporate insiders own 22.12% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DUOL. JPMorgan Chase & Co. raised its stake in shares of Duolingo by 112.9% in the first quarter. JPMorgan Chase & Co. now owns 59,291 shares of the company’s stock worth $5,640,000 after purchasing an additional 31,446 shares during the last quarter. Bank of New York Mellon Corp increased its position in Duolingo by 40.7% during the first quarter. Bank of New York Mellon Corp now owns 9,201 shares of the company’s stock valued at $876,000 after acquiring an additional 2,661 shares during the last quarter. BlackRock Inc. increased its position in Duolingo by 95.6% during the first quarter. BlackRock Inc. now owns 822,978 shares of the company’s stock valued at $78,275,000 after acquiring an additional 402,222 shares during the last quarter. Lord Abbett & CO. LLC increased its position in Duolingo by 73.8% during the first quarter. Lord Abbett & CO. LLC now owns 216,817 shares of the company’s stock valued at $20,621,000 after acquiring an additional 92,031 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Duolingo during the first quarter valued at $342,000. Hedge funds and other institutional investors own 63.16% of the company’s stock.

About Duolingo

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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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