Duolingo (NASDAQ:DUOL) Hits New 12-Month High at $251.58

Duolingo, Inc. (NASDAQ:DUOL)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $251.58 and last traded at $251.20, with a volume of 384092 shares changing hands. The stock had previously closed at $242.48.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $271.00 price target on shares of Duolingo in a report on Friday, August 30th. Wolfe Research began coverage on shares of Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. DA Davidson reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a research report on Tuesday, September 10th. Finally, Bank of America raised shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average price target of $237.40.

Duolingo Stock Up 5.5 %

The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $11.38 billion, a PE ratio of 272.16 and a beta of 0.76. The business’s 50-day simple moving average is $195.83 and its 200-day simple moving average is $203.34.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same period last year, the firm posted $0.08 EPS. Duolingo’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert Meese sold 4,819 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the completion of the sale, the insider now directly owns 157,053 shares in the company, valued at $37,695,861.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Duolingo news, insider Robert Meese sold 4,819 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the completion of the transaction, the insider now directly owns 157,053 shares in the company, valued at $37,695,861.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the transaction, the insider now owns 139,760 shares of the company’s stock, valued at $29,001,597.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,374 shares of company stock valued at $19,459,527. 18.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Duolingo

Large investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Duolingo by 76.4% during the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock worth $8,067,000 after acquiring an additional 15,404 shares during the period. Price T Rowe Associates Inc. MD raised its position in Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after acquiring an additional 154,659 shares during the period. Mark Asset Management LP purchased a new stake in shares of Duolingo during the fourth quarter worth $6,797,000. Vanguard Group Inc. grew its holdings in shares of Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after buying an additional 67,004 shares in the last quarter. Finally, State of Michigan Retirement System purchased a new stake in shares of Duolingo during the second quarter worth $1,857,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.