Duolingo (NASDAQ:DUOL) Reaches New 1-Year High – Here’s What Happened

Duolingo, Inc. (NASDAQ:DUOL) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $441.77 and last traded at $441.39, with a volume of 665840 shares trading hands. The stock had previously closed at $432.69.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DUOL shares. UBS Group raised their price objective on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler raised their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Barclays raised their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Stock Performance

The stock has a market cap of $19.42 billion, a P/E ratio of 241.20 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 firm’s 50-day moving average price is $352.61 and its 200-day moving average price is $300.03.

Insider Activity

In other news, insider Severin Hacker sold 188,901 shares of Duolingo 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 owns 72 shares in the company, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction that occurred on Thursday, December 12th. The shares were 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. Insiders have sold a total of 289,624 shares of company stock worth $98,478,298 over the last quarter. Insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several large investors have recently bought and sold shares of the business. FMR LLC increased its position in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. boosted its stake in Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after buying an additional 70,705 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock worth $434,398,000 after buying an additional 10,638 shares during the period. Invesco Ltd. boosted its stake in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares during the period. Finally, State Street Corp boosted its stake in Duolingo by 3.6% during the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after buying an additional 36,923 shares during the period. 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.