Duolingo, Inc. (NASDAQ:DUOL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Duolingo, Inc. (NASDAQ:DUOL) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $355.55.

DUOL has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. DA Davidson boosted their price target on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,639 shares of company stock worth $105,445,057. Insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

Several institutional investors have recently made changes to their positions in DUOL. FMR LLC grew its stake in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after acquiring an additional 1,063,327 shares in the last quarter. Norges Bank bought a new stake in shares of Duolingo in the 4th quarter worth $152,296,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Duolingo by 548.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after acquiring an additional 398,259 shares in the last quarter. Invesco Ltd. grew its stake in shares of Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after acquiring an additional 378,225 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Down 8.6 %

Shares of NASDAQ DUOL opened at $385.35 on Tuesday. The company has a market capitalization of $16.95 billion, a P/E ratio of 210.57 and a beta of 0.89. Duolingo has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company’s 50 day moving average price is $356.96 and its 200-day moving average price is $304.33.

Duolingo Company Profile

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.