Edgestream Partners L.P. Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Edgestream Partners L.P. purchased a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,103 shares of the company's stock, valued at approximately $964,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lido Advisors LLC lifted its stake in Duolingo by 0.3% in the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after buying an additional 30 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Duolingo by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock worth $914,000 after buying an additional 34 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Duolingo by 20.4% during the first quarter. Fifth Third Bancorp now owns 313 shares of the company's stock valued at $97,000 after buying an additional 53 shares during the period. Quarry LP raised its stake in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares during the period. Finally, Headlands Technologies LLC grew its holdings in Duolingo by 32.3% during the 4th quarter. Headlands Technologies LLC now owns 311 shares of the company's stock valued at $101,000 after purchasing an additional 76 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DUOL has been the topic of several analyst reports. UBS Group reissued an "overweight" rating on shares of Duolingo in a research report on Thursday, May 22nd. Needham & Company LLC upped their target price on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Scotiabank increased their price objective on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of Duolingo from $515.00 to $480.00 and set an "overweight" rating for the company in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Duolingo from $580.00 to $500.00 and set an "overweight" rating for the company in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of "Moderate Buy" and an average price target of $435.87.

Duolingo Stock Performance

DUOL traded up $8.54 on Friday, hitting $370.49. 1,038,494 shares of the company traded hands, compared to its average volume of 740,040. The stock has a market capitalization of $16.84 billion, a PE ratio of 182.51, a PEG ratio of 2.85 and a beta of 0.89. 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 50 day moving average of $461.96 and a 200-day moving average of $389.50. 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 issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company's quarterly revenue was up 37.6% compared to the same quarter last year. Sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $392.89, for a total value of $3,928,900.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at approximately $28,288.08. The trade was a 99.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 owned 118,805 shares of the company's stock, valued at approximately $46,927,975. This represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,000 shares of company stock worth $27,646,500. Company insiders own 15.67% of the company's stock.

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.