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

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

Analyst Ratings Changes

Several research analysts recently commented on DUOL shares. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Piper Sandler lifted their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group started coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Stock Performance

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’s fifty day moving average is $349.58 and its two-hundred day moving average is $294.42. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of 236.44 and a beta of 0.89.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $28,185.12. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 41,759 shares of Duolingo 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. Insiders sold a total of 289,624 shares of company stock valued at $98,478,298 in the last quarter. Company insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

Hedge funds have recently modified their holdings of the stock. Kensington Investment Counsel LLC increased its position in Duolingo by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after buying an additional 30 shares during the period. Lido Advisors LLC grew its stake in shares of Duolingo by 0.3% in the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after acquiring an additional 30 shares in the last quarter. CIBC Asset Management Inc increased its position in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after acquiring an additional 32 shares during the period. Mount Lucas Management LP boosted its holdings in Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after purchasing an additional 32 shares during the period. Finally, Atria Investments Inc grew its position in shares of Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds 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.