970 Shares in Duolingo, Inc. $DUOL Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired a new stake in Duolingo, purchasing 970 shares for about $398,000 in the second quarter, amidst significant interest from institutional investors.
• Duolingo reported a quarterly earnings per share of $0.91, exceeding estimates and showing a 41.5% increase in year-over-year revenue.
• Analysts have mixed ratings on Duolingo, with targets ranging from $300.00 to $515.00, highlighting potential growth but varying levels of confidence in the stock's performance.

Counterpoint Mutual Funds LLC bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 970 shares of the company's stock, valued at approximately $398,000.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Duolingo by 36.4% in the second quarter. GAMMA Investing LLC now owns 1,053 shares of the company's stock worth $432,000 after acquiring an additional 281 shares during the last quarter. Three Seasons Wealth LLC acquired a new stake in Duolingo in the 2nd quarter worth $210,000. Redhawk Wealth Advisors Inc. increased its holdings in shares of Duolingo by 11.1% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 7,420 shares of the company's stock worth $3,042,000 after purchasing an additional 742 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in shares of Duolingo during the second quarter valued at about $251,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Duolingo by 37.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,340 shares of the company's stock valued at $2,876,000 after buying an additional 1,986 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Price Performance

DUOL opened at $299.50 on Wednesday. The company has a fifty day moving average price of $324.72 and a two-hundred day moving average price of $378.67. The firm has a market capitalization of $13.72 billion, a PE ratio of 123.25, a P/E/G ratio of 2.06 and a beta of 0.85. Duolingo, Inc. has a 52 week low of $256.63 and a 52 week 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $240.84 million. During the same period last year, the company earned $0.51 EPS. The firm's revenue was up 41.5% on a year-over-year basis. As a group, analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Stephen C. Chen sold 1,515 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total value 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 $10,488,547.68. This represents a 4.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the transaction, the chief financial officer directly owned 43,345 shares in the company, valued at $13,757,269.55. The trade was a 20.15% decrease in their position. The disclosure for this sale can be found here. Insiders have 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays boosted their price target on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Baird R W raised shares of Duolingo to a "hold" rating in a report on Friday, September 5th. KeyCorp raised shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price objective for the company in a report on Monday, August 18th. JPMorgan Chase & Co. raised their target price on Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, DA Davidson cut Duolingo from a "buy" rating to a "neutral" rating and lowered their price target for the company from $500.00 to $300.00 in a research report on Thursday, September 4th. One 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 company's stock. According to data from MarketBeat, Duolingo has an average rating of "Moderate Buy" and an average target price of $419.32.

About Duolingo

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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