Pallas Capital Advisors LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Pallas Capital Advisors LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 1,790 shares of the company's stock, valued at approximately $504,000.

Several other institutional investors also recently bought and sold shares of DUOL. Blue Trust Inc. acquired a new stake in shares of Duolingo during the 2nd quarter worth $32,000. Larson Financial Group LLC acquired a new stake in shares of Duolingo during the 2nd quarter worth $31,000. GAMMA Investing LLC increased its holdings in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company's stock worth $36,000 after buying an additional 133 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Duolingo during the 2nd quarter worth $36,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Duolingo during the 2nd quarter worth $40,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Duolingo 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 sale, the chief financial officer now owns 88,856 shares in the company, valued at approximately $18,417,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 19,464 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the sale, the general counsel now 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. Insiders have sold a total of 70,374 shares of company stock worth $15,575,012 over the last quarter. 18.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

DUOL has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on Duolingo from $198.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Bank of America upped their price target on shares of Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Barclays decreased their price target on shares of Duolingo from $230.00 to $183.00 and set an "equal weight" rating for the company in a research report on Friday, August 9th. Piper Sandler reissued an "overweight" rating and issued a $271.00 price objective on shares of Duolingo in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $255.00 to $303.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $277.22.

Duolingo Stock Down 2.3 %

Shares of DUOL stock traded down $7.00 during trading hours on Thursday, hitting $292.97. 535,980 shares of the company were exchanged, compared to its average volume of 700,228. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. Duolingo, Inc. has a one year low of $141.50 and a one year high of $311.91. The business's 50-day simple moving average is $258.92 and its two-hundred day simple moving average is $217.09. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 209.26 and a beta of 0.79.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business had revenue of $178.30 million for the quarter, compared to analysts' expectations of $177.13 million. During the same quarter last year, the company posted $0.08 earnings per share. The company's quarterly revenue was up 40.6% compared to the same quarter last year. Sell-side analysts predict that Duolingo, Inc. will post 1.87 EPS for the current fiscal 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.