Duolingo (NASDAQ:DUOL) Reaches New 12-Month Low – What’s Next?

Duolingo, Inc. (NASDAQ:DUOL) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $109.87 and last traded at $108.0310, with a volume of 1597540 shares trading hands. The stock had previously closed at $120.70.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DUOL. UBS Group set a $245.00 price objective on shares of Duolingo in a report on Monday, January 5th. JPMorgan Chase & Co. decreased their target price on Duolingo from $300.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Wells Fargo & Company lowered their target price on Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. DA Davidson dropped their price target on Duolingo from $205.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Finally, Morgan Stanley decreased their price objective on Duolingo from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Twelve equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Duolingo currently has an average rating of “Hold” and an average price target of $300.25.

Duolingo Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a market capitalization of $5.05 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.64 and a beta of 0.86. The business’s fifty day simple moving average is $165.88 and its 200-day simple moving average is $244.58.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 2,534 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $177.95, for a total value of $450,925.30. Following the transaction, the insider owned 113,637 shares of the company’s stock, valued at $20,221,704.15. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 3,059 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total value of $537,649.84. Following the transaction, the chief financial officer directly owned 37,487 shares in the company, valued at $6,588,715.12. The trade was a 7.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,169 shares of company stock valued at $5,826,651. Company insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kiker Wealth Management LLC purchased a new stake in shares of Duolingo during the second quarter valued at $31,000. Atlantic Union Bankshares Corp acquired a new stake in Duolingo during the 3rd quarter worth about $32,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Duolingo during the second quarter worth about $40,000. Farther Finance Advisors LLC boosted its position in Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after buying an additional 60 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Duolingo in the 3rd quarter worth approximately $47,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.