Landscape Capital Management L.L.C. Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Landscape Capital Management L.L.C. acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,399 shares of the company's stock, valued at approximately $2,651,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. acquired a new stake in Duolingo during the third quarter worth about $29,000. Larson Financial Group LLC acquired a new stake in Duolingo during the second quarter worth about $31,000. Blue Trust Inc. acquired a new stake in Duolingo during the second quarter worth about $32,000. GAMMA Investing LLC boosted its stake in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company's stock worth $36,000 after buying an additional 133 shares during the period. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in Duolingo during the second quarter worth about $36,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction dated 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 sale, the insider now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 52,783 shares of company stock worth $12,156,296. 18.30% of the stock is owned by insiders.

Duolingo Stock Up 3.0 %

Shares of DUOL stock traded up $10.37 during mid-day trading on Friday, reaching $351.97. 563,365 shares of the company were exchanged, compared to its average volume of 694,633. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $352.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market capitalization of $15.48 billion, a P/E ratio of 192.33 and a beta of 0.79. The business's 50 day simple moving average is $292.46 and its 200 day simple moving average is $228.35.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. The firm 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 firm's revenue was up 39.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. Research analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. Seaport Res Ptn lowered shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Bank of America increased their target price on shares of Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $303.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Barclays raised their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and an average target price of $331.33.

Duolingo Company 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.