Duolingo (NYSE:DUOL – Get Rating) had its price target dropped by equities researchers at Raymond James from $111.00 to $109.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Raymond James' price target points to a potential upside of 48.44% from the company's current price.
DUOL has been the subject of several other research reports. JMP Securities restated a "buy" rating and set a $128.00 price target on shares of Duolingo in a report on Monday, August 29th. Bank of America dropped their target price on Duolingo from $130.00 to $105.00 and set a "buy" rating for the company in a report on Friday. Finally, Barclays dropped their target price on Duolingo from $102.00 to $83.00 and set an "equal weight" rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and an average target price of $110.00.
Get Duolingo alerts:Duolingo Stock Performance
NYSE DUOL opened at $73.43 on Friday. The stock has a market capitalization of $2.91 billion, a PE ratio of -45.61 and a beta of -0.15. The business has a 50 day simple moving average of $90.47 and a two-hundred day simple moving average of $91.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.45 and a quick ratio of 4.45. Duolingo has a 1-year low of $60.50 and a 1-year high of $155.27.
Insider Buying and Selling
In related news, CFO Matthew Skaruppa sold 1,803 shares of the firm's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $106.37, for a total transaction of $191,785.11. Following the completion of the sale, the chief financial officer now directly owns 52,354 shares of the company's stock, valued at approximately $5,568,894.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Stephen C. Chen sold 673 shares of the firm's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $106.37, for a total transaction of $71,587.01. Following the completion of the sale, the general counsel now directly owns 27,711 shares of the company's stock, valued at approximately $2,947,619.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 1,803 shares of the firm's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $106.37, for a total value of $191,785.11. Following the sale, the chief financial officer now directly owns 52,354 shares of the company's stock, valued at $5,568,894.98. The disclosure for this sale can be found here. In the last three months, insiders sold 39,267 shares of company stock valued at $3,542,658. Insiders own 22.12% of the company's stock.Institutional Investors Weigh In On Duolingo
A number of institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Management LLC bought a new stake in Duolingo during the 1st quarter valued at $4,226,000. Ieq Capital LLC raised its position in Duolingo by 81.1% during the 2nd quarter. Ieq Capital LLC now owns 9,878 shares of the company's stock valued at $865,000 after purchasing an additional 4,425 shares in the last quarter. Arizona State Retirement System bought a new stake in Duolingo during the 2nd quarter valued at $214,000. Prospera Financial Services Inc bought a new stake in Duolingo during the 1st quarter valued at $31,000. Finally, Quent Capital LLC raised its position in Duolingo by 33.3% during the 2nd quarter. Quent Capital LLC now owns 5,800 shares of the company's stock valued at $508,000 after purchasing an additional 1,450 shares in the last quarter. 69.88% of the stock is owned by institutional investors.
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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