Duolingo (NASDAQ:DUOL) Reaches New 52-Week High – Should You Buy?

Duolingo, Inc. (NASDAQ:DUOL)’s share price reached a new 52-week high on Wednesday . The company traded as high as $302.02 and last traded at $292.70, with a volume of 67861 shares trading hands. The stock had previously closed at $294.81.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. DA Davidson restated a “buy” rating and issued a $250.00 price target on shares of Duolingo in a research note on Tuesday, September 10th. UBS Group lifted their price target on Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Wolfe Research assumed coverage on Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Bank of America lifted their price target on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.22.

Duolingo Trading Up 0.6 %

The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 210.58 and a beta of 0.79. The business has a 50 day moving average price of $255.44 and a 200-day moving average price of $215.97.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same quarter last year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, research analysts expect that Duolingo, Inc. will post 1.87 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 firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the sale, the insider now owns 144,282 shares in the company, valued at $23,341,941.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the transaction, the insider now owns 144,282 shares of the company’s stock, valued at $23,341,941.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.49, for a total value of $1,664,900.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $11,987.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,374 shares of company stock worth $18,571,912 in the last 90 days. 18.30% of the stock is owned by corporate insiders.

Institutional Trading of Duolingo

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after acquiring an additional 67,004 shares during the period. Whale Rock Capital Management LLC increased its position in Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after acquiring an additional 245,599 shares during the period. Dragoneer Investment Group LLC acquired a new stake in Duolingo in the 2nd quarter valued at approximately $204,768,000. American Century Companies Inc. increased its position in Duolingo by 25.1% in the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock valued at $104,117,000 after acquiring an additional 100,167 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after acquiring an additional 238,990 shares during the period. Institutional investors own 91.59% of the company’s stock.

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.