Raymond James Financial Services Advisors Inc. purchased a new stake in Duolingo, Inc. (NYSE:DUOL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,682 shares of the company’s stock, valued at approximately $240,000.
Other large investors also recently made changes to their positions in the company. Atticus Wealth Management LLC bought a new stake in shares of Duolingo in the 2nd quarter valued at $40,000. Captrust Financial Advisors lifted its position in Duolingo by 620.8% during the first quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock worth $53,000 after acquiring an additional 478 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Duolingo during the fourth quarter worth approximately $58,000. Nisa Investment Advisors LLC lifted its position in Duolingo by 78.1% during the first quarter. Nisa Investment Advisors LLC now owns 570 shares of the company’s stock worth $81,000 after acquiring an additional 250 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Duolingo by 48.8% during the first quarter. Daiwa Securities Group Inc. now owns 595 shares of the company’s stock worth $85,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.
Wall Street Analysts Forecast Growth
DUOL has been the topic of a number of recent analyst reports. Bank of America reissued a “neutral” rating and issued a $188.00 price objective on shares of Duolingo in a research note on Thursday, October 19th. UBS Group assumed coverage on shares of Duolingo in a report on Thursday, September 28th. They issued a “buy” rating and a $195.00 target price on the stock. Raymond James assumed coverage on shares of Duolingo in a research note on Monday, August 28th. They issued a “market perform” rating for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $191.00 price target on shares of Duolingo in a research note on Friday, October 20th. Finally, Evercore ISI boosted their target price on shares of Duolingo from $180.00 to $200.00 in a research report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $162.67.
Insider Buying and Selling at Duolingo
In related news, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $170.13, for a total transaction of $850,650.00. Following the sale, the insider now directly owns 194,104 shares in the company, valued at approximately $33,022,913.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Duolingo news, major shareholder Durable Capital Partners Lp sold 42,247 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $145.14, for a total value of $6,131,729.58. Following the sale, the insider now directly owns 4,114,491 shares in the company, valued at approximately $597,177,223.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $170.13, for a total transaction of $850,650.00. Following the completion of the sale, the insider now owns 194,104 shares in the company, valued at $33,022,913.52. The disclosure for this sale can be found here. Insiders have sold a total of 276,985 shares of company stock worth $43,280,049 over the last three months. 19.85% of the stock is currently owned by insiders.
Duolingo Trading Up 6.1 %
Shares of DUOL stock opened at $159.33 on Monday. Duolingo, Inc. has a 52-week low of $64.73 and a 52-week high of $179.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.62 and a current ratio of 3.62. The company has a 50-day simple moving average of $157.06 and a two-hundred day simple moving average of $148.49. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of -201.68 and a beta of 0.33.
Duolingo (NYSE:DUOL – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.25. The firm had revenue of $126.84 million for the quarter, compared to analysts’ expectations of $123.13 million. Duolingo had a negative net margin of 7.06% and a negative return on equity of 5.58%. Research analysts anticipate that Duolingo, Inc. will post -0.07 EPS for the current fiscal year.
Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.
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