Blair William & Co. IL Buys Shares of 1,124 Duolingo, Inc. $DUOL

Key Points

• Blair William & Co. has purchased 1,124 shares of Duolingo, Inc. during Q2 2023, valued at approximately $461,000, highlighting continued interest from institutional investors in the company.
• Duolingo's recent earnings report showed earnings per share of $0.91, exceeding expectations, with revenue of $252.27 million, marking a 41.5% increase year-over-year.
• Analysts have mixed views on Duolingo's stock, with ratings ranging from “buy” to “hold”, and a consensus price target of approximately $416.68.

Blair William & Co. IL bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,124 shares of the company's stock, valued at approximately $461,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rise Advisors LLC boosted its position in Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company's stock valued at $25,000 after buying an additional 24 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Duolingo by 20.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company's stock valued at $48,000 after buying an additional 26 shares in the last quarter. Parallel Advisors LLC boosted its position in Duolingo by 16.3% in the second quarter. Parallel Advisors LLC now owns 186 shares of the company's stock valued at $76,000 after buying an additional 26 shares in the last quarter. US Bancorp DE boosted its position in Duolingo by 1.4% in the second quarter. US Bancorp DE now owns 1,968 shares of the company's stock valued at $807,000 after buying an additional 28 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Duolingo by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock valued at $914,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Trading Down 2.0%

DUOL opened at $324.02 on Friday. Duolingo, Inc. has a 1-year low of $256.63 and a 1-year high of $544.93. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $14.85 billion, a P/E ratio of 133.34, a price-to-earnings-growth ratio of 2.18 and a beta of 0.86. The company has a fifty day moving average price of $313.72 and a two-hundred day moving average price of $380.56.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly 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 net margin of 13.24% and a return on equity of 13.32%. The firm had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business's revenue was up 41.5% compared to the same quarter last year. Analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. DA Davidson lowered shares of Duolingo from a "buy" rating to a "neutral" rating and cut their target price for the company from $500.00 to $300.00 in a research report on Thursday, September 4th. Baird R W upgraded shares of Duolingo to a "hold" rating in a report on Friday, September 5th. Wall Street Zen lowered shares of Duolingo from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. JMP Securities cut their price target on shares of Duolingo from $475.00 to $450.00 and set a "market outperform" rating on the stock in a report on Monday, July 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $460.00 price target on shares of Duolingo in a report on Wednesday, September 17th. Twelve analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Duolingo presently has a consensus rating of "Hold" and a consensus price target of $416.68.

Insider Activity at Duolingo

In other news, insider Robert Meese sold 1,444 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $475,119.32. Following the completion of the sale, the insider directly owned 120,080 shares of the company's stock, valued at $39,509,922.40. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Natalie Glance sold 3,283 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares of the company's stock, valued at approximately $36,280,203.30. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,791 shares of company stock valued at $26,918,301 over the last quarter. 15.67% of the stock is currently owned by company 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.

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