Duolingo (NASDAQ:DUOL) Reaches New 12-Month High at $250.16

Duolingo, Inc. (NASDAQ:DUOL) hit a new 52-week high during trading on Monday . The stock traded as high as $250.16 and last traded at $248.51, with a volume of 179673 shares. The stock had previously closed at $240.00.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. The Goldman Sachs Group boosted their price target on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research report on Thursday, February 29th. Needham & Company LLC lifted their target price on shares of Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, UBS Group increased their target price on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $245.13.

Duolingo Stock Performance

The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 731.90 and a beta of 0.82. The firm’s 50-day moving average price is $219.15 and its two-hundred day moving average price is $206.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. On average, analysts expect that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $247.82, for a total transaction of $371,730.00. Following the completion of the transaction, the insider now owns 123,005 shares of the company’s stock, valued at $30,483,099.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $235.18, for a total value of $1,881,440.00. Following the completion of the transaction, the chief financial officer now directly owns 64,523 shares of the company’s stock, valued at approximately $15,174,519.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $247.82, for a total transaction of $371,730.00. Following the sale, the insider now directly owns 123,005 shares in the company, valued at approximately $30,483,099.10. The disclosure for this sale can be found here. Insiders have sold 125,223 shares of company stock worth $27,273,230 over the last quarter. 19.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. acquired a new position in Duolingo during the 3rd quarter worth $432,000. Robeco Institutional Asset Management B.V. lifted its stake in Duolingo by 27.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,546 shares of the company’s stock worth $920,000 after acquiring an additional 1,206 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Duolingo by 22.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 127,709 shares of the company’s stock valued at $21,183,000 after purchasing an additional 23,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Duolingo by 27.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,507 shares of the company’s stock worth $913,000 after purchasing an additional 1,192 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Duolingo by 24.6% during the third quarter. Mackenzie Financial Corp now owns 1,807 shares of the company’s stock worth $286,000 after purchasing an additional 357 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.