Diversify Advisory Services LLC Acquires New Shares in Duolingo, Inc. (NASDAQ:DUOL)

Diversify Advisory Services LLC bought 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 Securities and Exchange Commission. The firm bought 972 shares of the company's stock, valued at approximately $302,000.

A number of other large investors have also made changes to their positions in the stock. Lido Advisors LLC boosted its stake in shares of Duolingo by 0.3% during the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock worth $3,276,000 after purchasing an additional 30 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Duolingo by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock valued at $914,000 after purchasing an additional 34 shares during the last quarter. Larson Financial Group LLC increased its stake in Duolingo by 24.4% during the first quarter. Larson Financial Group LLC now owns 199 shares of the company's stock valued at $62,000 after purchasing an additional 39 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Duolingo by 20.4% during the first quarter. Fifth Third Bancorp now owns 313 shares of the company's stock worth $97,000 after acquiring an additional 53 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Duolingo by 90.1% in the 1st quarter. Signaturefd LLC now owns 135 shares of the company's stock valued at $42,000 after acquiring an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of research reports. Scotiabank increased their price objective on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Morgan Stanley reduced their target price on Duolingo from $515.00 to $480.00 and set an "overweight" rating on the stock in a report on Tuesday, July 8th. Argus initiated coverage on Duolingo in a research report on Wednesday, June 25th. They set a "buy" rating and a $575.00 price target on the stock. The Goldman Sachs Group boosted their price target on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Barclays increased their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $435.87.

Insider Buying and Selling at Duolingo

In other news, insider Robert Meese sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the transaction, the insider directly owned 118,805 shares of the company's stock, valued at $46,927,975. This represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $360.33, for a total value of $3,603,300.00. Following the completion of the transaction, the insider owned 72 shares of the company's stock, valued at $25,943.76. This trade represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock valued at $24,429,700 in the last ninety days. Insiders own 15.67% of the company's stock.

Duolingo Trading Up 0.4%

Shares of Duolingo stock traded up $1.37 during trading hours on Thursday, hitting $361.16. The company's stock had a trading volume of 257,198 shares, compared to its average volume of 881,103. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.93. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $16.41 billion, a PE ratio of 178.34, a P/E/G ratio of 2.74 and a beta of 0.89. The business has a fifty day moving average of $451.59 and a 200 day moving average of $390.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. Duolingo's revenue was up 37.6% compared to the same quarter last year. As a group, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

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.