Duolingo (NASDAQ:DUOL) Sets New 52-Week High – Time to Buy?

Duolingo, Inc. (NASDAQ:DUOL) shares reached a new 52-week high on Wednesday . The stock traded as high as $544.93 and last traded at $539.47, with a volume of 136038 shares traded. The stock had previously closed at $531.46.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DUOL. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock. DA Davidson increased their target price on shares of Duolingo from $410.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Barclays increased their target price on shares of Duolingo from $330.00 to $375.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their target price on shares of Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Finally, Evercore ISI increased their target price on shares of Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $426.29.

Duolingo Stock Down 1.9%

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’s 50 day simple moving average is $362.62 and its 200-day simple moving average is $350.60. The stock has a market capitalization of $24.11 billion, a price-to-earnings ratio of 289.90 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo’s revenue was up 37.6% compared to the same quarter last year. Equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This trade represents a 2.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,868 shares of company stock worth $38,594,200. Insiders own 15.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Duolingo in the 4th quarter valued at about $1,994,000. Taika Capital LP bought a new stake in shares of Duolingo during the 4th quarter worth about $2,697,000. Lecap Asset Management Ltd. bought a new stake in shares of Duolingo during the 4th quarter worth about $429,000. BNP Paribas Financial Markets bought a new stake in shares of Duolingo during the 4th quarter worth about $9,708,000. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Duolingo by 6.1% during the 4th quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock worth $323,000 after buying an additional 57 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.