Duolingo (NASDAQ:DUOL) Hits New 1-Year Low – Here’s What Happened

Duolingo, Inc. (NASDAQ:DUOL)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $109.87 and last traded at $108.0310, with a volume of 1597540 shares traded. The stock had previously closed at $120.70.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several analyst reports. Scotiabank decreased their price objective on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group upped their target price on Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. dropped their price target on Duolingo from $300.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. KeyCorp cut Duolingo from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 6th. Finally, Barclays reduced their price objective on Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Duolingo presently has an average rating of “Hold” and a consensus target price of $300.25.

Duolingo Price Performance

The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average price is $165.88 and its 200-day moving average price is $244.58. The stock has a market cap of $5.05 billion, a P/E ratio of 13.85, a PEG ratio of 0.64 and a beta of 0.86.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $172.74, for a total value of $1,727,400.00. Following the transaction, the insider owned 72 shares in the company, valued at approximately $12,437.28. The trade was a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 1,514 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $175.87, for a total transaction of $266,267.18. Following the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at approximately $5,547,291.54. This trade represents a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,169 shares of company stock worth $5,826,651 in the last quarter. Insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Duolingo

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kiker Wealth Management LLC bought a new position in shares of Duolingo during the second quarter valued at approximately $31,000. Atlantic Union Bankshares Corp purchased a new position in Duolingo during the 3rd quarter valued at $32,000. Emerald Mutual Fund Advisers Trust bought a new position in Duolingo in the 2nd quarter worth $40,000. Farther Finance Advisors LLC raised its holdings in Duolingo by 82.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Duolingo in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.