Impax Asset Management Group plc bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,293 shares of the company's stock, valued at approximately $2,621,000.
A number of other hedge funds have also made changes to their positions in DUOL. Farther Finance Advisors LLC lifted its stake in Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after buying an additional 79 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Duolingo in the second quarter valued at $32,000. Larson Financial Group LLC acquired a new stake in shares of Duolingo during the second quarter valued at $31,000. GAMMA Investing LLC increased its position in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company's stock worth $36,000 after purchasing an additional 133 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Duolingo in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 91.59% of the company's stock.
Wall Street Analyst Weigh In
DUOL has been the topic of several analyst reports. JMP Securities cut shares of Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. Needham & Company LLC raised their target price on shares of Duolingo from $310.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. UBS Group lifted their target price on shares of Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a research note on Thursday. Seaport Res Ptn lowered Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Bank of America upped their price objective on shares of Duolingo from $292.00 to $298.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.33.
Get Our Latest Stock Analysis on Duolingo
Insider Transactions at Duolingo
In other news, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. This trade represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares of the company's stock, valued at $29,001,597.60. This trade represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock valued at $15,802,382 over the last quarter. Company insiders own 18.30% of the company's stock.
Duolingo Trading Down 4.7 %
NASDAQ DUOL traded down $15.25 during mid-day trading on Friday, hitting $307.32. The company's stock had a trading volume of 570,863 shares, compared to its average volume of 547,566. The firm has a market capitalization of $13.52 billion, a P/E ratio of 167.94 and a beta of 0.79. 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, Inc. has a 52-week low of $145.05 and a 52-week high of $330.61. The stock's fifty day simple moving average is $281.68 and its two-hundred day simple moving average is $224.96.
Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 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 business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter last year, the firm posted $0.06 EPS. The business's revenue for the quarter was up 39.9% compared to the same quarter last year. Research analysts expect that Duolingo, Inc. will post 2.02 EPS for the current year.
About Duolingo
(
Free Report)
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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