Janney Montgomery Scott LLC Purchases Shares of 908 Duolingo, Inc. (NASDAQ:DUOL)

Janney Montgomery Scott LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 908 shares of the company's stock, valued at approximately $282,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Duolingo by 52.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,354 shares of the company's stock valued at $1,663,000 after purchasing an additional 1,836 shares during the period. Fifth Third Bancorp lifted its position in Duolingo by 20.4% in the first quarter. Fifth Third Bancorp now owns 313 shares of the company's stock valued at $97,000 after purchasing an additional 53 shares during the period. Abacus FCF Advisors LLC acquired a new stake in Duolingo in the first quarter valued at about $4,904,000. GAMMA Investing LLC lifted its position in Duolingo by 35.4% in the first quarter. GAMMA Investing LLC now owns 772 shares of the company's stock valued at $240,000 after purchasing an additional 202 shares during the period. Finally, Pallas Capital Advisors LLC lifted its position in Duolingo by 47.6% in the first quarter. Pallas Capital Advisors LLC now owns 2,660 shares of the company's stock valued at $826,000 after purchasing an additional 858 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DUOL shares. Argus started coverage on shares of Duolingo in a report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Piper Sandler set a $375.00 target price on shares of Duolingo in a report on Friday, May 2nd. Finally, Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of "Moderate Buy" and a consensus price target of $443.53.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $471.20, for a total value of $4,712,000.00. Following the completion of the sale, the insider directly owned 72 shares of the company's stock, valued at approximately $33,926.40. The trade was a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the completion of the transaction, the insider owned 118,805 shares in the company, valued at approximately $46,927,975. This trade represents a 4.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 63,000 shares of company stock valued at $26,336,880. Company insiders own 15.67% of the company's stock.

Duolingo Price Performance

Shares of DUOL traded up $4.59 during mid-day trading on Monday, reaching $396.45. 992,547 shares of the company's stock were exchanged, compared to its average volume of 726,937. 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 simple moving average of $477.28 and a two-hundred day simple moving average of $387.32. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 195.30, a PEG ratio of 3.00 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million during 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%. Duolingo's revenue was up 37.6% compared to the same quarter last year. On average, sell-side analysts predict 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.