Lisanti Capital Growth LLC Raises Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Lisanti Capital Growth LLC lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 17.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,645 shares of the company's stock after buying an additional 1,760 shares during the quarter. Lisanti Capital Growth LLC's holdings in Duolingo were worth $3,284,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DUOL. Duality Advisers LP bought a new stake in shares of Duolingo during the 1st quarter worth about $287,000. SG Americas Securities LLC boosted its holdings in Duolingo by 261.8% in the first quarter. SG Americas Securities LLC now owns 3,640 shares of the company's stock valued at $803,000 after acquiring an additional 2,634 shares during the last quarter. Swiss National Bank grew its position in shares of Duolingo by 1.3% during the 1st quarter. Swiss National Bank now owns 60,100 shares of the company's stock worth $13,257,000 after buying an additional 800 shares during the period. Headlands Technologies LLC raised its position in shares of Duolingo by 19.8% during the first quarter. Headlands Technologies LLC now owns 767 shares of the company's stock worth $169,000 after purchasing an additional 127 shares during the period. Finally, Qsemble Capital Management LP acquired a new stake in shares of Duolingo in the 1st quarter valued at about $528,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DUOL. Bank of America increased their target price on Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Piper Sandler boosted their price objective on Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday. Seaport Res Ptn lowered Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday. JMP Securities downgraded Duolingo from an "outperform" rating to a "market perform" rating in a research report on Monday, October 14th. Finally, DA Davidson upped their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Duolingo currently has a consensus rating of "Moderate Buy" and a consensus target price of $325.44.

Insider Transactions at Duolingo

In related news, CFO Matthew Skaruppa sold 17,591 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the transaction, the chief financial officer now owns 88,856 shares of the company's stock, valued at approximately $18,417,183.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Matthew Skaruppa sold 17,591 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares of the company's stock, valued at approximately $18,417,183.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares in the company, valued at $7,522,294.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is currently owned by insiders.

Duolingo Trading Down 2.6 %

Duolingo stock traded down $8.66 during midday trading on Monday, reaching $318.23. 650,477 shares of the stock traded hands, compared to its average volume of 702,071. The company has a current ratio of 3.09, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market cap of $13.86 billion, a PE ratio of 178.63 and a beta of 0.79. The company has a 50-day simple moving average of $270.84 and a two-hundred day simple moving average of $221.65. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $330.61.

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. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm's revenue was up 39.9% on a year-over-year basis. Research analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

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.