Duolingo (NASDAQ:DUOL) Hits New 1-Year High at $275.00

Shares of Duolingo, Inc. (NASDAQ:DUOL) hit a new 52-week high during trading on Tuesday . The stock traded as high as $275.00 and last traded at $275.00, with a volume of 812 shares. The stock had previously closed at $270.27.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays dropped their target price on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Needham & Company LLC lowered their price objective on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Piper Sandler reiterated an “overweight” rating and issued a $271.00 price objective on shares of Duolingo in a report on Friday, August 30th. JMP Securities reiterated a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a report on Wednesday, July 10th. Finally, Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $237.40.

Duolingo Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The firm’s 50 day moving average is $200.38 and its two-hundred day moving average is $204.37. The firm has a market capitalization of $11.63 billion, a P/E ratio of 278.63 and a beta of 0.76.

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

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $14,299.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $14,299.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Meese sold 5,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the insider now directly owns 147,053 shares of the company’s stock, valued at approximately $39,704,310. The disclosure for this sale can be found here. Insiders sold a total of 102,374 shares of company stock valued at $20,809,527 over the last ninety days. 18.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duolingo

A number of institutional investors have recently modified their holdings of DUOL. UBS Group AG raised its stake in Duolingo by 76.4% in the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock valued at $8,067,000 after purchasing an additional 15,404 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after purchasing an additional 154,659 shares in the last quarter. Mark Asset Management LP acquired a new position in Duolingo in the fourth quarter valued at about $6,797,000. Vanguard Group Inc. raised its stake in Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after purchasing an additional 67,004 shares in the last quarter. Finally, State of Michigan Retirement System acquired a new position in Duolingo in the second quarter valued at about $1,857,000. Institutional investors 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.