Duolingo (NASDAQ:DUOL) Hits New 52-Week High – Still a Buy?

Duolingo, Inc. (NASDAQ:DUOL)’s share price hit a new 52-week high on Wednesday . The company traded as high as $312.21 and last traded at $311.07, with a volume of 30476 shares. The stock had previously closed at $303.00.

Analysts Set New Price Targets

DUOL has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on Duolingo from $198.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Wolfe Research started coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Barclays cut their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Bank of America upped their target price on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, DA Davidson reaffirmed a “buy” rating and set a $250.00 price target on shares of Duolingo in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.22.

Duolingo Stock Performance

The stock has a market cap of $13.88 billion, a P/E ratio of 222.31 and a beta of 0.79. 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 company has a fifty day moving average of $264.07 and a 200 day moving average of $219.40.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data 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. The business had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, equities analysts predict that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the transaction, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,417,183.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on 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 directly owns 139,760 shares of the company’s stock, valued at $29,001,597.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the transaction, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 68,874 shares of company stock valued at $15,332,342. 18.30% of the stock is owned by insiders.

Institutional Trading of Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its position in shares of Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after acquiring an additional 32 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Duolingo by 5.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after purchasing an additional 55 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Duolingo by 3.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after purchasing an additional 73 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Duolingo by 19.5% in the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after purchasing an additional 85 shares in the last quarter. 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.