Raymond James & Associates Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Raymond James & Associates bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 18,562 shares of the company’s stock, valued at approximately $4,211,000.

Other institutional investors have also recently modified their holdings of the company. Bamco Inc. NY acquired a new position in shares of Duolingo during the 3rd quarter worth $39,000. Captrust Financial Advisors raised its holdings in shares of Duolingo by 620.8% during the 1st quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock worth $53,000 after buying an additional 478 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Duolingo during the 4th quarter worth $58,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Duolingo during the 2nd quarter worth $111,000. Finally, Whittier Trust Co. acquired a new position in shares of Duolingo during the 3rd quarter worth $157,000. 91.59% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ahn Luis Von sold 13,600 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total transaction of $270,105.00. Following the sale, the insider now owns 129,188 shares in the company, valued at approximately $23,262,883.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 13,600 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total value of $2,833,424.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,223 shares of company stock valued at $23,682,665. Company insiders own 19.85% of the company’s stock.

Duolingo Trading Down 0.7 %

Shares of DUOL stock opened at $216.40 on Friday. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 636.49 and a beta of 0.83. The stock has a 50-day moving average of $207.72 and a 200-day moving average of $199.43. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo, Inc. has a 1-year low of $116.82 and a 1-year high of $245.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. On average, equities research analysts forecast that Duolingo, Inc. will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on DUOL shares. Barclays boosted their price target on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. The Goldman Sachs Group boosted their price target on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a report on Thursday, February 29th. Bank of America boosted their price target on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Finally, Needham & Company LLC upped their target price on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $235.11.

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.