Jefferies Financial Group Begins Coverage on Duolingo (NASDAQ:DUOL)

Investment analysts at Jefferies Financial Group initiated coverage on shares of Duolingo (NASDAQ:DUOL) in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $370.00 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 10.12% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group lifted their target price on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. The Goldman Sachs Group lifted their target price on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Scotiabank initiated coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.36.

Duolingo Stock Down 0.0 %

Shares of DUOL opened at $335.99 on Friday. The company has a market capitalization of $14.78 billion, a PE ratio of 183.60 and a beta of 0.87. The stock’s 50-day moving average price is $338.70 and its two-hundred day moving average price is $272.45. 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 has a 12 month low of $145.05 and a 12 month high of $378.48.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. On average, analysts anticipate that Duolingo will post 2.03 EPS for the current year.

Insider Activity

In related news, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 281,124 shares of company stock worth $95,033,738 over the last three months. 18.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DUOL. True Wealth Design LLC bought a new position in shares of Duolingo during the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo during the third quarter worth $29,000. Farther Finance Advisors LLC boosted its position in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. R Squared Ltd purchased a new position in Duolingo in the fourth quarter worth $55,000. Finally, Nisa Investment Advisors LLC grew its stake in Duolingo by 50.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after purchasing an additional 60 shares during the period. 91.59% of the stock is currently owned by hedge funds and other 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.