Duolingo (NASDAQ:DUOL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Duolingo (NASDAQ:DUOL) had its price objective raised by research analysts at JPMorgan Chase & Co. from $125.00 to $135.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 4.99% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. UBS Group increased their price objective on Duolingo from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Evercore set a $105.00 price objective on shares of Duolingo in a research note on Thursday, August 6th. Compass Point began coverage on shares of Duolingo in a report on Tuesday, August 18th. They set a “buy” rating on the stock. Finally, Citigroup raised Duolingo from a “hold” rating to a “buy” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $132.65.

Duolingo Stock Up 0.9%

NASDAQ DUOL traded up $1.20 during trading on Thursday, reaching $142.08. 361,584 shares of the company’s stock were exchanged, compared to its average volume of 1,966,927. The company has a 50 day moving average price of $131.58 and a two-hundred day moving average price of $115.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.72 and a current ratio of 2.72. The stock has a market cap of $6.65 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.19 and a beta of 0.87. Duolingo has a 1 year low of $87.89 and a 1 year high of $353.00.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.60 by $0.06. The company had revenue of $298.45 million for the quarter, compared to analyst estimates of $295.58 million. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. On average, equities research analysts anticipate that Duolingo will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 2,751 shares of Duolingo stock in a transaction on Monday, August 17th. The shares were sold at an average price of $129.13, for a total value of $355,236.63. Following the transaction, the insider owned 170,650 shares in the company, valued at $22,036,034.50. This trade represents a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,024 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $129.13, for a total value of $132,229.12. Following the sale, the general counsel directly owned 51,841 shares of the company’s stock, valued at approximately $6,694,228.33. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 6,668 shares of company stock worth $874,382. 16.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Duolingo

Several large investors have recently made changes to their positions in DUOL. Root Financial Partners LLC increased its holdings in Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after purchasing an additional 165 shares in the last quarter. EFG International AG bought a new position in shares of Duolingo during the fourth quarter worth about $26,000. AlphaCentric Advisors LLC acquired a new position in shares of Duolingo in the 4th quarter worth approximately $33,000. Banque Cantonale Vaudoise boosted its holdings in Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 115 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Duolingo during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.