49,687 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Congress Asset Management Co.

Congress Asset Management Co. acquired a new position 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 acquired 49,687 shares of the company's stock, valued at approximately $15,430,000. Congress Asset Management Co. owned about 0.11% of Duolingo at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DUOL. Contravisory Investment Management Inc. bought a new stake in shares of Duolingo during the 1st quarter valued at $25,000. Quarry LP raised its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its position in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock valued at $34,000 after acquiring an additional 84 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on DUOL. The Goldman Sachs Group upped their target price on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. upped their target price on shares of Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a research report on Wednesday. Morgan Stanley upped their target price on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, DA Davidson boosted their price target on shares of Duolingo from $470.00 to $600.00 and gave the company a "buy" rating in a report on Friday, May 30th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $441.29.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $512.95 on Friday. The firm has a market cap of $23.32 billion, a PE ratio of 280.30 and a beta of 1.00. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.93. The company has a fifty day moving average price of $430.90 and a 200 day moving average price of $374.15.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. The firm's revenue was up 37.6% on a year-over-year basis. Research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In other Duolingo news, insider Robert Meese sold 5,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 118,805 shares of the company's stock, valued at $46,927,975. This represents a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at approximately $21,474. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,833 shares of company stock worth $29,006,319 in the last three months. Insiders own 15.67% of the company's stock.

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.

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