Duolingo (NASDAQ:DUOL) Hits New 1-Year High – Time to Buy?

Duolingo, Inc. (NASDAQ:DUOL) reached 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. The stock had previously closed at $364.44.

Analysts Set New Price Targets

Several brokerages have commented on DUOL. The Goldman Sachs Group raised their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Needham & Company LLC increased their price target on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Duolingo Trading Up 5.7 %

The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $16.95 billion, a PE ratio of 211.46 and a beta of 0.89. The stock’s fifty day moving average price is $341.64 and its two-hundred day moving average price is $281.66.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. Sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. This represents a 1.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 281,124 shares of company stock valued at $95,033,738. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Duolingo

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in shares of Duolingo by 125.2% during the 4th quarter. IFP Advisors Inc now owns 259 shares of the company’s stock valued at $84,000 after purchasing an additional 144 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Duolingo in the 4th quarter worth about $1,618,000. Olympiad Research LP purchased a new position in shares of Duolingo during the 4th quarter worth about $267,000. Legacy Capital Group California Inc. bought a new position in Duolingo during the 4th quarter valued at about $1,077,000. Finally, Ieq Capital LLC grew its stake in shares of Duolingo by 116.5% during the fourth quarter. Ieq Capital LLC now owns 11,000 shares of the company’s stock valued at $3,567,000 after buying an additional 5,919 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

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.