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Penserra Capital Management LLC Takes $1.28 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Duolingo logo with Business Services background

Penserra Capital Management LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,554 shares of the company's stock, valued at approximately $1,284,000.

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

Duolingo Stock Up 1.6 %

DUOL opened at $353.53 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 193.19 and a beta of 0.79. The business has a 50-day moving average of $294.74 and a two-hundred day moving average of $229.12. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $364.95.

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

Insider Activity

In other Duolingo news, insider Robert Meese sold 4,819 shares of Duolingo stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the sale, the insider now directly owns 157,053 shares in the company, valued at $37,695,861.06. The trade was a 2.98 % 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, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the sale, the insider now owns 139,760 shares in the company, valued at $29,001,597.60. This represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,783 shares of company stock valued at $12,156,296 in the last three months. Corporate insiders own 18.30% of the company's stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. JMP Securities downgraded Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. The Goldman Sachs Group increased their price target on Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. DA Davidson increased their price target on Duolingo from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Piper Sandler increased their price target on Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, UBS Group increased their price target on Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $331.33.

Read Our Latest Research Report on Duolingo

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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Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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