Profund Advisors LLC increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 165.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,456 shares of the company’s stock after buying an additional 1,531 shares during the period. Profund Advisors LLC’s holdings in Duolingo were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Kiker Wealth Management LLC acquired a new position in Duolingo during the second quarter worth $31,000. Rise Advisors LLC increased its stake in shares of Duolingo by 43.6% during the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Duolingo during the first quarter worth about $28,000. Brooklyn Investment Group raised its position in shares of Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Duolingo in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 91.59% of the company’s stock.
Duolingo Stock Performance
Shares of Duolingo stock opened at $194.89 on Wednesday. The business’s 50 day moving average price is $293.75 and its 200 day moving average price is $374.38. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. Duolingo, Inc. has a one year low of $182.00 and a one year high of $544.93.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. UBS Group cut their price objective on Duolingo from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, October 20th. Needham & Company LLC lowered their price target on Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen cut Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. JPMorgan Chase & Co. decreased their price objective on Duolingo from $465.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $340.53.
Check Out Our Latest Stock Report on Duolingo
Insiders Place Their Bets
In other news, insider Natalie Glance sold 3,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the sale, the insider owned 116,171 shares in the company, valued at $36,280,203.30. This trade represents a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $288.94, for a total value of $2,889,400.00. Following the completion of the transaction, the insider owned 72 shares in the company, valued at $20,803.68. This represents a 99.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 83,791 shares of company stock valued at $25,649,401 over the last ninety days. Company insiders own 18.30% of the company’s stock.
Duolingo 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.
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