1,862 Shares in Duolingo, Inc. (NASDAQ:DUOL) Purchased by Forte Capital LLC ADV

Forte Capital LLC ADV acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,862 shares of the company's stock, valued at approximately $578,000.

A number of other large investors also recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in shares of Duolingo in the 1st quarter valued at about $25,000. Quarry LP raised its holdings in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares during the period. Garde Capital Inc. bought a new stake in shares of Duolingo in the 1st quarter valued at about $31,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after purchasing an additional 101 shares during the period. Finally, Whittier Trust Co. bought a new stake in shares of Duolingo in the 1st quarter valued at about $33,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Up 2.4%

Duolingo stock traded up $8.54 during midday trading on Friday, hitting $370.49. 1,038,494 shares of the stock were exchanged, compared to its average volume of 740,040. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 182.51, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The business's 50-day moving average price is $461.96 and its 200-day moving average price is $389.96. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. The business had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The business's quarterly revenue was up 37.6% on a year-over-year basis. On average, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In other Duolingo news, insider Robert Meese sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total value of $1,975,000.00. Following the completion of the transaction, the insider owned 118,805 shares of the company's stock, valued at $46,927,975. The trade was a 4.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $392.89, for a total transaction of $3,928,900.00. Following the completion of the transaction, the insider directly owned 72 shares of the company's stock, valued at approximately $28,288.08. This represents a 99.29% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,000 shares of company stock worth $27,646,500. Insiders own 15.67% of the company's stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of several research analyst reports. Argus initiated coverage on shares of Duolingo in a report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price target on the stock. Evercore ISI increased their target price on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Needham & Company LLC increased their target price on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. UBS Group restated an "overweight" rating on shares of Duolingo in a research report on Thursday, May 22nd. Finally, DA Davidson decreased their target price on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.87.

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.