Cookson Peirce & Co. Inc. Buys 13,021 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Cookson Peirce & Co. Inc. increased its holdings in Duolingo, Inc. by 20.6%, now owning 76,224 shares valued at approximately $23.67 million.
• Duolingo reported earnings per share (EPS) of $0.91, exceeding the consensus estimate of $0.55, and its quarterly revenue rose by 41.5% year-over-year.
• Major equity analysts have upgraded Duolingo's stock ratings, with an average target price set at $454.20 and several analysts issuing buy ratings.

Cookson Peirce & Co. Inc. lifted its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 20.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,224 shares of the company's stock after acquiring an additional 13,021 shares during the quarter. Cookson Peirce & Co. Inc. owned 0.17% of Duolingo worth $23,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in shares of Duolingo in the first quarter worth approximately $25,000. Quarry LP boosted its holdings in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after buying an additional 65 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of Duolingo in the first quarter worth approximately $31,000. Whittier Trust Co. purchased a new position in shares of Duolingo in the first quarter worth approximately $33,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Duolingo by 323.1% in the first quarter. Versant Capital Management Inc now owns 110 shares of the company's stock worth $34,000 after buying an additional 84 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Trading Up 1.5%

NASDAQ DUOL opened at $327.93 on Thursday. The company's 50-day moving average price is $399.54 and its 200-day moving average price is $391.88. 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 stock has a market cap of $14.91 billion, a PE ratio of 134.95, a PEG ratio of 2.15 and a beta of 0.87. Duolingo, Inc. has a 12 month low of $192.71 and a 12 month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its 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 net margin of 13.24% and a return on equity of 13.32%. The company had revenue of $252.27 million for the quarter, compared to analysts' expectations of $240.84 million. During the same period in the prior year, the business earned $0.51 EPS. The firm's quarterly revenue was up 41.5% on a year-over-year basis. Equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Transactions at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total transaction of $3,444,100.00. Following the transaction, the insider directly owned 72 shares in the company, valued at $24,797.52. This represents a 99.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 50,000 shares of company stock worth $20,939,300. 15.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Duolingo from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group reissued an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Argus assumed coverage on shares of Duolingo in a report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Evercore ISI lifted their price target on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $454.20.

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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