Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $441.77 and last traded at $441.39, with a volume of 665840 shares trading hands. The stock had previously closed at $432.69.
Wall Street Analyst Weigh In
DUOL has been the subject of a number of research analyst reports. Seaport Res Ptn downgraded Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Jefferies Financial Group initiated coverage on Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price target for the company. DA Davidson upped their price target on Duolingo from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price target on Duolingo from $370.00 to $385.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their price target on Duolingo from $360.00 to $400.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.55.
Get Our Latest Stock Analysis on DUOL
Duolingo Trading Down 8.6 %
The firm has a market cap of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89. The business has a 50-day moving average price of $356.02 and a two-hundred day moving average price of $301.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.
Insider Activity
In related news, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now owns 72 shares of the company's stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the sale, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. The trade was a 1.12 % 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 90 days. 18.30% of the stock is currently owned by corporate insiders.
Institutional Trading of Duolingo
Hedge funds have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC acquired a new stake in Duolingo in the 4th quarter worth about $1,994,000. Lecap Asset Management Ltd. acquired a new stake in Duolingo in the 4th quarter worth about $429,000. Charles Schwab Investment Management Inc. boosted its stake in Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company's stock worth $96,530,000 after buying an additional 101,653 shares during the last quarter. Lisanti Capital Growth LLC boosted its stake in Duolingo by 17.8% in the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company's stock worth $3,284,000 after buying an additional 1,760 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Duolingo in the 3rd quarter worth about $4,350,000. 91.59% of the stock is owned by institutional investors and hedge funds.
Duolingo Company Profile
(
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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.
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