Duolingo (NASDAQ:DUOL) Sets New 1-Year High – What’s Next?

Shares of Duolingo, Inc. (NASDAQ:DUOL) reached a new 52-week high on Thursday . The stock traded as high as $418.00 and last traded at $417.37, with a volume of 200623 shares traded. The stock had previously closed at $398.11.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DUOL shares. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Needham & Company LLC raised their price objective on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Scotiabank started coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. Finally, Barclays lifted their price target on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Seven investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $355.55.

Duolingo Price Performance

The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $347.15 and a two-hundred day moving average of $291.63. The company has a market capitalization of $18.44 billion, a PE ratio of 229.52 and a beta of 0.89.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This represents a 99.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 289,624 shares of company stock valued at $98,478,298. 18.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC bought a new stake in shares of Duolingo in the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo in the third quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo in the fourth quarter valued at $31,000. Harvest Fund Management Co. Ltd increased its position in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. Finally, Farther Finance Advisors LLC increased its position 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. Institutional investors 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.