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

Shares of Duolingo, Inc. (NASDAQ:DUOL) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $251.58 and last traded at $251.20, with a volume of 384092 shares trading hands. The stock had previously closed at $242.48.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DUOL. JPMorgan Chase & Co. dropped their price target on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Evercore ISI raised Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research assumed coverage on Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $260.00 price target on shares of Duolingo in a research note on Wednesday, July 10th. Finally, Needham & Company LLC decreased their price target on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $237.40.

Duolingo Stock Up 4.5 %

The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average is $194.59 and its two-hundred day moving average is $203.01. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 249.98 and a beta of 0.76.

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

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the sale, the insider now directly owns 139,760 shares of the company’s stock, valued at $29,001,597.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Duolingo news, CFO Matthew Skaruppa sold 14,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the sale, the chief financial officer now owns 88,856 shares in the company, valued at approximately $18,432,288.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the sale, 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. Over the last 90 days, insiders have sold 92,555 shares of company stock worth $18,302,871. Corporate insiders own 18.30% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG boosted its position in Duolingo by 76.4% during the 4th quarter. UBS Group AG now owns 35,563 shares of the company’s stock worth $8,067,000 after purchasing an additional 15,404 shares during the period. Trexquant Investment LP raised its holdings in shares of Duolingo by 163.9% during the 4th quarter. Trexquant Investment LP now owns 29,441 shares of the company’s stock valued at $6,679,000 after buying an additional 18,285 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Duolingo by 73.6% during the 1st 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 in the last quarter. Mark Asset Management LP acquired a new position in shares of Duolingo during the fourth quarter worth $6,797,000. Finally, Vanguard Group Inc. boosted its holdings in Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after purchasing an additional 67,004 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.