Duolingo (NASDAQ:DUOL) Sets New 12-Month High – Time to Buy?

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

Analyst Ratings Changes

Several research firms have commented on DUOL. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and raised their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. UBS Group raised their target price on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler raised their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Barclays raised their target price on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Stock Down 2.5 %

The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $356.02 and a 200 day moving average of $301.79. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 230.48 and a beta of 0.89.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the transaction, the insider now directly owns 129,572 shares in the company, valued at $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Matthew Skaruppa sold 4,464 shares of Duolingo stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $313.55, for a total value of $1,399,687.20. Following the completion of the transaction, the chief financial officer now owns 63,266 shares of the company’s stock, valued at approximately $19,837,054.30. The trade was a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 305,639 shares of company stock worth $105,445,057 over the last ninety days. Company insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently made changes to their positions in DUOL. FMR LLC raised its holdings in shares of Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after buying an additional 1,063,327 shares during the last quarter. Norges Bank bought a new stake in shares of Duolingo during the fourth quarter valued at approximately $152,296,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Duolingo by 548.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock valued at $152,659,000 after buying an additional 398,259 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after buying an additional 378,225 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after buying an additional 353,918 shares during the last quarter. 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.