Duolingo, Inc. $DUOL Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Duolingo by 347.0% in Q2, owning 28,785 shares valued at approximately $11.8 million.
• Duolingo's stock price target has been set between $239.00 and $450.00 by various analysts, with a consensus rating of "Moderate Buy."
• Insider trading activity included Duolingo’s CFO selling 10,937 shares worth over $3.4 million, reducing his ownership by 20.15%.

Robeco Institutional Asset Management B.V. grew its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 347.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,785 shares of the company's stock after purchasing an additional 22,345 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of Duolingo worth $11,802,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rise Advisors LLC lifted its position in Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Duolingo during the first quarter valued at approximately $28,000. Brooklyn Investment Group lifted its position in shares of Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after purchasing an additional 95 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of Duolingo in the first quarter valued at $31,000. Finally, Whittier Trust Co. purchased a new position in shares of Duolingo in the first quarter valued at $33,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DUOL shares. Wells Fargo & Company initiated coverage on shares of Duolingo in a research note on Monday, September 8th. They set an "underweight" rating and a $239.00 price target on the stock. Robert W. Baird assumed coverage on Duolingo in a research note on Friday, September 5th. They issued a "neutral" rating and a $280.00 price target on the stock. Wall Street Zen downgraded Duolingo from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. JMP Securities cut their target price on Duolingo from $475.00 to $450.00 and set a "market outperform" rating on the stock in a research report on Monday, July 28th. Finally, Citizens Jmp decreased their price target on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Duolingo presently has a consensus rating of "Moderate Buy" and an average price target of $419.32.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $288.94, for a total transaction of $2,889,400.00. Following the completion of the sale, the insider directly owned 72 shares of the company's stock, valued at $20,803.68. The trade was a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,508 shares of company stock worth $22,676,721 in the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Stock Up 3.1%

DUOL stock opened at $322.63 on Monday. The stock has a market cap of $14.78 billion, a PE ratio of 132.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86. The firm's 50-day simple moving average is $317.53 and its 200 day simple moving average is $380.91. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. The company had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. Duolingo's revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, sell-side analysts predict 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.

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