Duolingo (NASDAQ:DUOL) Trading Up 6.3% – Should You Buy?

Duolingo, Inc. (NASDAQ:DUOL) traded up 6.3% on Thursday . The company traded as high as $341.47 and last traded at $340.14. 187,956 shares changed hands during trading, a decline of 57% from the average session volume of 434,455 shares. The stock had previously closed at $319.98.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several analyst reports. DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays boosted their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Finally, JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.90.

Duolingo Trading Up 2.7 %

The firm’s fifty day moving average price is $337.06 and its 200-day moving average price is $268.38. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 191.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same period in the previous year, the business posted $0.06 EPS. Duolingo’s revenue was up 39.9% on a year-over-year basis. On average, equities analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now owns 136,760 shares of the company’s stock, valued at $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction that occurred 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 have sold 271,124 shares of company stock valued at $91,694,238 in the last quarter. Corporate insiders own 18.30% of the company’s stock.

Institutional Trading of Duolingo

A number of institutional investors have recently bought and sold shares of the company. Dakota Wealth Management raised its stake in shares of Duolingo by 56.0% during the 4th quarter. Dakota Wealth Management now owns 1,768 shares of the company’s stock worth $573,000 after purchasing an additional 635 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Duolingo by 50.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after acquiring an additional 60 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Duolingo by 6.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 2,908 shares of the company’s stock valued at $943,000 after acquiring an additional 168 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in Duolingo in the fourth quarter worth approximately $683,000. Finally, Merit Financial Group LLC increased its stake in shares of Duolingo by 8.6% during the 4th quarter. Merit Financial Group LLC now owns 8,642 shares of the company’s stock worth $2,802,000 after purchasing an additional 683 shares during 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.