Cerity Partners LLC Raises Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Cerity Partners LLC raised its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,374 shares of the company's stock after purchasing an additional 3,894 shares during the period. Cerity Partners LLC owned 0.12% of Duolingo worth $14,488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Dragoneer Investment Group LLC purchased a new stake in shares of Duolingo during the 2nd quarter valued at about $204,768,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company's stock valued at $14,005,000 after purchasing an additional 12,860 shares during the last quarter. Lisanti Capital Growth LLC raised its holdings in Duolingo by 17.8% during the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company's stock valued at $3,284,000 after buying an additional 1,760 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company's stock worth $80,459,000 after buying an additional 154,659 shares during the last quarter. Finally, State of Michigan Retirement System purchased a new position in Duolingo during the second quarter worth $1,857,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Buying and Selling

In other Duolingo news, insider Robert Meese sold 5,000 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the transaction, the insider now directly owns 142,053 shares in the company, valued at approximately $40,490,787.12. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the sale, the insider now owns 136,760 shares of the company's stock, valued at $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,783 shares of company stock valued at $12,156,296 over the last quarter. 18.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. UBS Group lifted their target price on Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $303.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Bank of America lifted their price objective on shares of Duolingo from $292.00 to $298.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Finally, Seaport Res Ptn lowered shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. 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 stock. According to MarketBeat, Duolingo has an average rating of "Moderate Buy" and a consensus target price of $331.33.

Duolingo Stock Up 0.5 %

Shares of Duolingo stock traded up $1.79 during trading on Tuesday, reaching $349.79. The company's stock had a trading volume of 538,062 shares, compared to its average volume of 695,418. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $364.95. The company has a 50-day simple moving average of $294.74 and a two-hundred day simple moving average of $229.12. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 190.16 and a beta of 0.79.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business's revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, equities analysts forecast that Duolingo, Inc. will post 2.02 earnings per share for the current year.

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.