FORA Capital LLC Purchases Shares of 10,695 Duolingo, Inc. $DUOL

FORA Capital LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,695 shares of the company’s stock, valued at approximately $4,385,000.

A number of other large investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its holdings in Duolingo by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after purchasing an additional 39 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Duolingo in the 2nd quarter valued at about $2,090,000. Rakuten Securities Inc. lifted its stake in Duolingo by 58.2% in the 2nd quarter. Rakuten Securities Inc. now owns 807 shares of the company’s stock valued at $331,000 after purchasing an additional 297 shares during the last quarter. Keel Point LLC bought a new position in shares of Duolingo during the 2nd quarter worth approximately $220,000. Finally, Voleon Capital Management LP raised its position in shares of Duolingo by 202.0% in the second quarter. Voleon Capital Management LP now owns 5,417 shares of the company’s stock valued at $2,221,000 after purchasing an additional 3,623 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $288.94, for a total value of $2,889,400.00. Following the completion of the sale, the insider directly owned 72 shares of the company’s stock, valued at approximately $20,803.68. This represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 3,059 shares of Duolingo stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the transaction, the chief financial officer directly owned 37,487 shares in the company, valued at approximately $6,588,715.12. This represents a 7.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 76,452 shares of company stock worth $18,736,132. 15.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays reduced their price target on Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Wall Street Zen downgraded Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research note on Monday, December 8th. Citigroup lowered shares of Duolingo from a “buy” rating to a “market perform” rating in a report on Thursday, November 6th. Finally, Morgan Stanley set a $300.00 price target on shares of Duolingo in a research report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $329.44.

Duolingo Stock Down 2.3%

Shares of NASDAQ DUOL opened at $196.28 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. Duolingo, Inc. has a 1 year low of $166.27 and a 1 year high of $544.93. The stock has a market capitalization of $9.07 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.23 and a beta of 0.86. The company has a 50-day moving average price of $242.89 and a 200-day moving average price of $326.03.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The business had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. On average, equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal 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.