Wedmont Private Capital Grows Position in Duolingo, Inc. $DUOL

Wedmont Private Capital lifted its stake in Duolingo, Inc. (NASDAQ:DUOL) by 5.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 822 shares of the company’s stock after buying an additional 44 shares during the quarter. Wedmont Private Capital’s holdings in Duolingo were worth $321,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DUOL. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo in the first quarter worth $25,000. Rise Advisors LLC increased its position in Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Summit Securities Group LLC bought a new stake in Duolingo in the first quarter worth $28,000. Brooklyn Investment Group increased its position in Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in Duolingo in the first quarter worth $31,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DUOL. DA Davidson cut shares of Duolingo from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $500.00 to $300.00 in a research report on Thursday, September 4th. Zacks Research upgraded shares of Duolingo from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Morgan Stanley boosted their price target on shares of Duolingo from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Raymond James Financial restated a “market perform” rating on shares of Duolingo in a research report on Tuesday, August 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $460.00 price objective on shares of Duolingo in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $419.32.

Duolingo Stock Performance

DUOL stock opened at $290.90 on Monday. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 119.71, a PEG ratio of 1.94 and a beta of 0.85. The firm has a 50-day simple moving average of $327.64 and a two-hundred day simple moving average of $379.12. Duolingo, Inc. has a one year low of $256.63 and a one year high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. The business had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 1,515 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total transaction of $486,860.40. Following the completion of the sale, the general counsel directly owned 32,638 shares of the company’s stock, valued at approximately $10,488,547.68. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 2,533 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $833,432.99. Following the completion of the transaction, the insider directly owned 122,112 shares of the company’s stock, valued at $40,178,511.36. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,508 shares of company stock valued at $23,716,221. 18.30% of the stock is currently owned by corporate insiders.

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.