Investment House LLC Takes Position in Duolingo, Inc. $DUOL

Investment House LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 5,144 shares of the company’s stock, valued at approximately $1,656,000.

A number of other institutional investors have also added to or reduced their stakes in DUOL. Kiker Wealth Management LLC bought a new stake in shares of Duolingo during the 2nd quarter valued at $31,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Duolingo in the 2nd quarter worth about $40,000. Farther Finance Advisors LLC lifted its position in Duolingo by 82.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after acquiring an additional 60 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Duolingo by 46.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 146 shares of the company’s stock worth $60,000 after acquiring an additional 46 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Duolingo in the second quarter worth about $62,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 1.5%

DUOL stock opened at $155.98 on Friday. The stock has a market capitalization of $7.21 billion, a P/E ratio of 19.77, a P/E/G ratio of 0.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. Duolingo, Inc. has a 1-year low of $142.10 and a 1-year high of $544.93. The business has a fifty day moving average price of $177.82 and a 200-day moving average price of $265.46.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company had revenue of $271.71 million during the quarter, compared to the consensus estimate of $260.14 million. During the same period last year, the company earned $0.49 EPS. Duolingo’s revenue for the quarter was up 41.1% on a year-over-year basis. Equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 72 shares in the company, valued at approximately $12,437.28. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 3,059 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $175.76, for a total transaction of $537,649.84. Following the sale, the chief financial officer owned 37,487 shares of the company’s stock, valued at approximately $6,588,715.12. This represents a 7.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 43,169 shares of company stock valued at $8,457,951. Insiders own 15.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DUOL shares. DA Davidson lowered their target price on shares of Duolingo from $220.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Jefferies Financial Group lifted their price objective on Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Evercore ISI set a $330.00 target price on Duolingo and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Barclays reduced their price target on Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Finally, Zacks Research cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Twelve analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $303.50.

Duolingo 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.