Strs Ohio Takes $740,000 Position in Duolingo, Inc. $DUOL

Key Points

• Strs Ohio acquired 2,384 shares of Duolingo, Inc. valued at approximately $740,000 during the first quarter, indicating continued interest from institutional investors.
• Duolingo reported earnings of $0.91 per share for the recent quarter, surpassing expectations and showing a 41.5% increase in revenue year-over-year.
• Analyst ratings for Duolingo are diverse, with one "Strong Buy," twelve "Buy," and nine "Hold" ratings, reflecting a consensus rating of "Moderate Buy" and a price target of approximately $419.32.

Strs Ohio purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,384 shares of the company's stock, valued at approximately $740,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Duolingo during the 1st quarter worth about $25,000. Rise Advisors LLC grew its holdings in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Duolingo during the 1st quarter worth about $28,000. Brooklyn Investment Group grew its holdings in shares of Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after purchasing an additional 95 shares during the period. Finally, Garde Capital Inc. purchased a new stake in shares of Duolingo during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

Shares of DUOL stock traded down $12.18 during midday trading on Tuesday, reaching $297.16. 227,272 shares of the company were exchanged, compared to its average volume of 1,143,845. Duolingo, Inc. has a 12 month low of $256.63 and a 12 month high of $544.93. The company has a market cap of $13.62 billion, a P/E ratio of 122.13, a PEG ratio of 1.94 and a beta of 0.85. The company's 50 day moving average price is $326.30 and its two-hundred day moving average price is $379.22. 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 - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The business had revenue of $252.27 million during the quarter, compared to analysts' expectations of $240.84 million. During the same quarter last year, the business posted $0.51 earnings per share. The company's quarterly revenue was up 41.5% on a year-over-year basis. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Argus assumed coverage on Duolingo in a report on Wednesday, June 25th. They set a "buy" rating and a $575.00 target price for the company. Morgan Stanley boosted their price target on Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Robert W. Baird began coverage on Duolingo in a research report on Friday, September 5th. They set a "neutral" rating and a $280.00 price target on the stock. Wall Street Zen lowered Duolingo from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Needham & Company LLC reissued a "buy" rating and set a $460.00 price target on shares of Duolingo in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average target price of $419.32.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Friday, September 19th. The stock was 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalie Glance sold 2,533 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $833,432.99. Following the completion of the sale, the insider directly owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. This represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,508 shares of company stock valued at $26,605,621 over the last 90 days. 18.30% of the stock is owned by insiders.

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.