Janney Montgomery Scott LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Janney Montgomery Scott LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 908 shares of the company’s stock, valued at approximately $282,000.

Other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo in the first quarter worth approximately $25,000. Quarry LP boosted its holdings in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after buying an additional 65 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Duolingo by 323.1% in the first quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock worth $34,000 after buying an additional 84 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in shares of Duolingo in the fourth quarter worth approximately $60,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $500.00 to $580.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. UBS Group reaffirmed an “overweight” rating on shares of Duolingo in a report on Thursday, May 22nd. Piper Sandler set a $375.00 price target on shares of Duolingo in a report on Friday, May 2nd. Scotiabank lifted their price target on shares of Duolingo from $405.00 to $470.00 and gave the company a “sector outperform” rating in a report on Friday, May 2nd. Finally, Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $443.53.

Insiders Place Their Bets

In other Duolingo news, insider Robert Meese sold 10,000 shares of Duolingo stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $367.65, for a total transaction of $3,676,500.00. Following the completion of the transaction, the insider directly owned 123,805 shares of the company’s stock, valued at $45,516,908.25. The trade was a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Insiders sold 73,000 shares of company stock valued at $29,261,180 over the last three months. 15.67% of the stock is owned by company insiders.

Duolingo Trading Down 0.4%

Shares of DUOL opened at $395.39 on Friday. The company’s fifty day moving average is $477.28 and its 200 day moving average is $386.96. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $544.93. The stock has a market capitalization of $17.97 billion, a PE ratio of 194.78, a P/E/G ratio of 3.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company had revenue of $230.74 million for the quarter, compared to analysts’ expectations of $223.15 million. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. Sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share 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.