Encompass More Asset Management Acquires Shares of 2,455 Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Encompass More Asset Management has purchased 2,455 shares of Duolingo, valued at approximately $762,000, indicating growing institutional interest in the company.
• Major analysts have recently adjusted their price targets for Duolingo, with a consensus rating of "Moderate Buy" and an average price target of $450.87.
• Insider Severin Hacker sold 10,000 shares of Duolingo stock, reflecting a 99.29% decrease in their position, raising concerns about insider confidence.

Encompass More Asset Management bought a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,455 shares of the company's stock, valued at approximately $762,000.

A number of other institutional investors have also recently added to or reduced their stakes in DUOL. Contravisory Investment Management Inc. acquired a new stake in Duolingo during the 1st quarter valued at $25,000. Quarry LP raised its stake in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares during the period. Garde Capital Inc. acquired a new stake in Duolingo during the 1st quarter valued at $31,000. Whittier Trust Co. acquired a new stake in Duolingo during the 1st quarter valued at $33,000. Finally, Versant Capital Management Inc raised its stake in Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock valued at $34,000 after purchasing an additional 84 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $3.30 during mid-day trading on Wednesday, hitting $343.61. The company had a trading volume of 3,031,875 shares, compared to its average volume of 945,237. The firm has a market cap of $15.62 billion, a P/E ratio of 169.27, a PEG ratio of 2.61 and a beta of 0.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. Duolingo, Inc. has a 12 month low of $161.09 and a 12 month high of $544.93. The business's 50-day simple moving average is $419.91 and its 200-day simple moving average is $391.77.

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, topping analysts' consensus estimates of $0.55 by $0.36. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company's quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. As a group, analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group reissued an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Needham & Company LLC upped their price target on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Evercore ISI upped their price target on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Piper Sandler set a $375.00 price target on shares of Duolingo in a research note on Friday, May 2nd. Finally, DA Davidson dropped their price target on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $450.87.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 72 shares of the company's stock, valued at $25,943.76. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 40,000 shares of company stock valued at $17,495,200 over the last three months. Company insiders own 15.67% of the company's stock.

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.