Duolingo (NASDAQ:DUOL) Reaches New 12-Month High – Here’s What Happened

Duolingo, Inc. (NASDAQ:DUOL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $380.56 and last traded at $377.15, with a volume of 233249 shares changing hands. The stock had previously closed at $364.44.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Scotiabank started coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. Piper Sandler lifted their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays increased their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” 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 note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $355.55.

Duolingo Stock Up 5.7 %

The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of 211.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The business has a fifty day moving average price of $341.64 and a two-hundred day moving average price of $281.66.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. On average, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In other Duolingo news, CFO Matthew Skaruppa sold 5,000 shares of Duolingo stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total value of $1,622,400.00. Following the completion of the transaction, the chief financial officer now owns 67,730 shares of the company’s stock, valued at approximately $21,977,030.40. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 281,124 shares of company stock valued at $95,033,738. Company insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

A number of large investors have recently bought and sold shares of DUOL. True Wealth Design LLC acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo during the third quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo during the fourth quarter valued at $31,000. Farther Finance Advisors LLC lifted its holdings in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 113 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.