Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,507 shares of the company’s stock after selling 149 shares during the quarter. Cetera Investment Advisers’ holdings in Duolingo were worth $2,642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DUOL. LPL Financial LLC grew its holdings in shares of Duolingo by 73.3% during the 4th quarter. LPL Financial LLC now owns 4,198 shares of the company’s stock worth $1,361,000 after purchasing an additional 1,776 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in shares of Duolingo during the 4th quarter worth about $212,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Duolingo by 75.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,248 shares of the company’s stock worth $405,000 after purchasing an additional 536 shares during the period. Russell Investments Group Ltd. lifted its position in Duolingo by 52.7% during the 4th quarter. Russell Investments Group Ltd. now owns 30,036 shares of the company’s stock worth $9,748,000 after acquiring an additional 10,366 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Duolingo by 64.9% during the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the company’s stock worth $119,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $360.33, for a total value of $3,603,300.00. Following the completion of the transaction, the insider owned 72 shares of the company’s stock, valued at approximately $25,943.76. This represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 40,000 shares of company stock valued at $17,495,200 over the last ninety days. Corporate insiders own 15.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DUOL. DA Davidson reduced their price target on Duolingo from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, June 25th. Piper Sandler set a $375.00 target price on Duolingo in a research report on Friday, May 2nd. Argus initiated coverage on Duolingo in a research report on Wednesday, June 25th. They issued a “buy” rating and a $575.00 target price on the stock. Citizens Jmp cut their target price on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a research report on Monday, July 28th. Finally, Needham & Company LLC upped their target price on Duolingo from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $450.87.

Duolingo Trading Up 1.0%

NASDAQ:DUOL opened at $343.61 on Thursday. Duolingo, Inc. has a 1 year low of $161.09 and a 1 year high of $544.93. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 169.27, a PEG ratio of 2.61 and a beta of 0.87. The business has a fifty day moving average of $416.29 and a 200-day moving average of $391.44. 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 released its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. During the same period in the previous year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 41.5% on a year-over-year basis. Equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.