Duolingo (NASDAQ:DUOL) Sets New 1-Year High – Should You Buy?

Duolingo, Inc. (NASDAQ:DUOL) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $418.00 and last traded at $417.37, with a volume of 200623 shares traded. The stock had previously closed at $398.11.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Jefferies Financial Group initiated coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday. The Goldman Sachs Group upped their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, DA Davidson upped their target price on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Price Performance

The company has a 50 day moving average price of $349.58 and a 200-day moving average price of $294.42. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 236.44 and a beta of 0.89. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 289,624 shares of company stock worth $98,478,298. 18.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DUOL. FMR LLC increased its position in shares of Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after buying an additional 1,063,327 shares during the period. Norges Bank acquired a new stake in Duolingo during the 4th quarter worth about $152,296,000. T. Rowe Price Investment Management Inc. grew its holdings in Duolingo by 548.8% during 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 during the period. Invesco Ltd. raised its position 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 lifted 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 valued at $100,135,000 after purchasing an additional 353,918 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.