JMP Securities analyst Andrew Boone maintained a Hold rating on Duolingo (DUOL – Research Report) today. The company’s shares closed yesterday at $192.77.
Boone covers the Communication Services sector, focusing on stocks such as Rover Group, Shutterstock, and DoorDash. According to TipRanks, Boone has an average return of 4.2% and a 52.11% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Duolingo with a $198.00 average price target.
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The company has a one-year high of $245.87 and a one-year low of $86.36. Currently, Duolingo has an average volume of 714.3K.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DUOL in relation to earlier this year. Earlier this month, Matthew Skaruppa, the CFO of DUOL bought 4,464.00 shares for a total of $64,370.88.
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Duolingo (DUOL) Company Description:
Duolingo Inc is a mobile learning platform to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.
Read More on DUOL:
- Educational Tech Stocks Take a Hit amid AI Fears
- Duolingo downgraded to Sell from Neutral at Goldman Sachs
- Duolingo price target raised to $230 from $193 at BofA
- Duolingo cuts 10% of contractors amid greater AI use, Bloomberg says
- Duolingo Language Report Reveals Changes in Top 10 Languages Studied Around the World
