Ieq Capital LLC Has $5.80 Million Stock Position in Duolingo, Inc. $DUOL

Key Points

• Ieq Capital LLC increased its stock position in Duolingo, Inc. by 69.7%, now owning 18,664 shares valued at approximately $5.8 million.
• Multiple institutional investors have significantly boosted their stakes in Duolingo, with T. Rowe Price increasing by 110.5% and GAMMA Investing by an astonishing 41,959.1% in the 1st quarter.
• Diverse analyst opinions exist for Duolingo, with price targets ranging from $405 to $470, while the company reports strong financial results, including a 41.5% year-over-year revenue increase.

Ieq Capital LLC grew its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 69.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,664 shares of the company's stock after acquiring an additional 7,664 shares during the quarter. Ieq Capital LLC's holdings in Duolingo were worth $5,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in shares of Duolingo in the first quarter valued at approximately $3,772,000. Encompass More Asset Management bought a new position in Duolingo in the first quarter worth $762,000. Jump Financial LLC lifted its position in Duolingo by 563.7% in the first quarter. Jump Financial LLC now owns 104,693 shares of the company's stock worth $32,511,000 after purchasing an additional 88,918 shares during the period. Quantitative Investment Management LLC bought a new position in Duolingo in the first quarter worth $301,000. Finally, TD Asset Management Inc lifted its position in Duolingo by 12.7% in the first quarter. TD Asset Management Inc now owns 107,520 shares of the company's stock worth $33,389,000 after purchasing an additional 12,138 shares during the period. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citizens Jmp reduced their target price on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a research report on Monday, July 28th. Morgan Stanley increased their price objective on Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. The Goldman Sachs Group increased their price objective on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Barclays increased their price objective on Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Finally, JMP Securities dropped their price objective on Duolingo from $475.00 to $450.00 and set a "market outperform" rating for the company in a research note on Monday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Duolingo currently has a consensus rating of "Moderate Buy" and an average price target of $451.35.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 2,533 shares of Duolingo stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $833,432.99. Following the completion of the sale, the insider directly owned 122,112 shares in the company, valued at $40,178,511.36. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $344.56, for a total value of $3,445,600.00. Following the transaction, the insider owned 72 shares of the company's stock, valued at $24,808.32. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,508 shares of company stock valued at $30,993,721. 18.30% of the stock is currently owned by insiders.

Duolingo Trading Down 2.6%

DUOL stock traded down $7.64 during midday trading on Tuesday, reaching $290.22. The stock had a trading volume of 1,024,360 shares, compared to its average volume of 1,059,805. The business has a fifty day simple moving average of $359.03 and a two-hundred day simple moving average of $387.02. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 119.57, a PEG ratio of 1.99 and a beta of 0.85. Duolingo, Inc. has a twelve month low of $202.44 and a twelve month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.36. The firm had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The company's revenue was up 41.5% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.