Duolingo (NASDAQ:DUOL) Now Covered by Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group began coverage on shares of Duolingo (NASDAQ:DUOL) in a report issued on Friday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $370.00 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 10.12% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. The Goldman Sachs Group boosted their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their target price on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average price target of $355.36.

Duolingo Price Performance

Duolingo stock opened at $335.99 on Friday. The business’s 50 day simple moving average is $338.70 and its 200 day simple moving average is $272.45. Duolingo has a 12 month low of $145.05 and a 12 month high of $378.48. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 183.60 and a beta of 0.87. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Sell-side analysts forecast that Duolingo will post 2.03 EPS for the current year.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, the insider now owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $333.95, for a total transaction of $3,339,500.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $24,044.40. The trade was a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 281,124 shares of company stock worth $95,033,738 in the last quarter. 18.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. purchased a new stake in Duolingo during the 4th quarter valued at about $740,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Duolingo during the fourth quarter valued at approximately $1,803,000. R Squared Ltd bought a new position in shares of Duolingo in the fourth quarter worth approximately $55,000. FSC Wealth Advisors LLC purchased a new position in shares of Duolingo in the fourth quarter worth $59,000. Finally, Pacer Advisors Inc. increased its stake in shares of Duolingo by 362.3% in the fourth quarter. Pacer Advisors Inc. now owns 43,833 shares of the company’s stock worth $14,212,000 after buying an additional 34,351 shares during the period. 91.59% of the stock is owned by institutional investors.

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.