Duolingo Inc (NASDAQ: DUOL) stock jumped 1.78% on Friday to $211.65 against a previous-day closing price of $207.94. With 0.73 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.66 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $214.20 whereas the lowest price it dropped to was $205.02. The 52-week range on DUOL shows that it touched its highest point at $223.00 and its lowest point at $64.73 during that stretch. It currently has a 1-year price target of $187.75. Beta for the stock currently stands at 0.67.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DUOL was up-trending over the past week, with a rise of 0.06%, but this was up by 38.37% over a month. Three-month performance surged to 66.80% while six-month performance rose 40.77%. The stock gained 199.53% in the past year, while it has gained 197.55% so far this year. A look at the trailing 12-month EPS for DUOL yields -0.27 with Next year EPS estimates of 0.68. For the next quarter, that number is 0.07. This implies an EPS growth rate of 111.92% for this year and 278.28% for next year.
Float and Shares Shorts:
At present, 42.04 million DUOL shares are outstanding with a float of 34.49 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.68 million, which was 6.39% higher than short shares on Sep 28, 2023. In addition to Dr. Luis Alfonso von Ahn Arellano Ph.D. as the firm’s Co-Founder, Chairman of the Board, President & CEO, Mr. Matthew Skaruppa serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 87.39% of DUOL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.30% of DUOL, in contrast to 45.65% held by mutual funds. Shares owned by individuals account for 24.77%. As the largest shareholder in DUOL with 12.69% of the stake, Baillie Gifford & Co. holds 4,488,629 shares worth 4,488,629. A second-largest stockholder of DUOL, Durable Capital Partners LP, holds 3,556,688 shares, controlling over 10.05% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in DUOL, holding 3,104,135 shares or 8.78% stake. With a 3.79% stake in DUOL, the Vanguard US Growth Fund is the largest stakeholder. A total of 1,339,382 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.97% of DUOL stock, is the second-largest Mutual Fund holder. It holds 1,048,748 shares valued at 153.17 million. Vanguard Small Cap Index Fund holds 2.45% of the stake in DUOL, owning 866,737 shares worth 126.59 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DUOL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DUOL analysts setting a high price target of $230.00 and a low target of $104.00, the average target price over the next 12 months is $187.75. Based on these targets, DUOL could surge 8.67% to reach the target high and fall by -50.86% to reach the target low. Reaching the average price target will result in a decline of -11.29% from current levels.
Summary of Insider Activity:
Insiders traded DUOL stock several times over the past three months with 10 Buys and 46 Sells. In these transactions, 90,167 shares were bought while 359,084 shares were sold. The number of buy transactions has increased to 73 while that of sell transactions has risen to 164 over the past year. The total number of shares bought during that period was 919,746 while 843,427 shares were sold.
