Duolingo (NASDAQ:DUOL) Sets New 52-Week High - Here's What Happened

Shares of Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) 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 Upgrades and Downgrades

Several equities analysts have issued reports on DUOL shares. DA Davidson upped their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Barclays lifted their price objective on Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. Finally, Piper Sandler boosted their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $355.55.

Duolingo Price Performance

The stock has a market capitalization of $19.03 billion, a P/E ratio of 236.44 and a beta of 0.89. The business's 50 day simple moving average is $349.58 and its two-hundred day simple moving average is $296.17. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $28,185.12. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 289,624 shares of company stock worth $98,478,298. Insiders own 18.30% of the company's stock.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its holdings in shares of Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after acquiring an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. lifted its stake in Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock worth $1,148,486,000 after purchasing an additional 70,705 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Duolingo by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after purchasing an additional 10,638 shares in the last quarter. Invesco Ltd. increased its position in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after purchasing an additional 378,225 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Duolingo by 3.6% during the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company's stock valued at $303,530,000 after buying an additional 36,923 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

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.