Federated Hermes Inc. raised its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 351,231 shares of the company's stock after purchasing an additional 88,218 shares during the quarter. Federated Hermes Inc. owned about 0.80% of Duolingo worth $113,880,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in DUOL. Townsquare Capital LLC acquired a new position in Duolingo in the third quarter valued at $277,000. Edgestream Partners L.P. purchased a new position in shares of Duolingo in the 3rd quarter worth about $351,000. State Street Corp lifted its stake in shares of Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company's stock valued at $303,530,000 after purchasing an additional 36,923 shares in the last quarter. Zacks Investment Management grew its holdings in shares of Duolingo by 85.5% during the 3rd quarter. Zacks Investment Management now owns 10,733 shares of the company's stock worth $3,027,000 after purchasing an additional 4,946 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in Duolingo during the 3rd quarter worth approximately $1,699,000. 91.59% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. UBS Group decreased their price objective on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Friday. Barclays lifted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research note on Tuesday, March 18th. Finally, DA Davidson raised their target price on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $372.92.
Check Out Our Latest Stock Report on DUOL
Insider Transactions at Duolingo
In other Duolingo news, CFO Matthew Skaruppa sold 4,464 shares of Duolingo stock in a transaction on Monday, January 13th. The shares were sold at an average price of $313.55, for a total value of $1,399,687.20. Following the completion of the transaction, the chief financial officer now owns 63,266 shares of the company's stock, valued at $19,837,054.30. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,332 shares of company stock valued at $33,442,107. Insiders own 18.30% of the company's stock.
Duolingo Stock Up 2.4 %
Shares of DUOL traded up $7.53 during trading on Friday, reaching $324.47. The company's stock had a trading volume of 363,274 shares, compared to its average volume of 739,368. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 177.99 and a beta of 0.91. 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 fifty day moving average of $340.55 and a two-hundred day moving average of $328.34. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.
Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, sell-side analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal 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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