Kestra Private Wealth Services LLC Raises Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Kestra Private Wealth Services LLC raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 47.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,385 shares of the company's stock after purchasing an additional 1,091 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Duolingo were worth $1,051,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in Duolingo during the first quarter valued at $25,000. Quarry LP lifted its position in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of Duolingo in the 1st quarter worth about $31,000. Whittier Trust Co. bought a new stake in shares of Duolingo in the 1st quarter worth about $33,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock worth $34,000 after acquiring an additional 84 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Up 0.9%

NASDAQ DUOL traded up $3.14 during trading on Friday, reaching $364.09. 624,096 shares of the company's stock traded hands, compared to its average volume of 853,654. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 179.36, a price-to-earnings-growth ratio of 2.80 and a beta of 0.89. The company's 50 day simple moving average is $444.90 and its two-hundred day simple moving average is $391.00. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The business 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%. The company's revenue for the quarter was up 37.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DUOL. Scotiabank raised their target price on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Needham & Company LLC raised their target price on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Barclays raised their target price on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. DA Davidson lowered their target price on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Finally, UBS Group restated an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $435.87.

Duolingo 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.