908 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by Janney Montgomery Scott LLC

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

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Congress Asset Management Co. acquired a new position in Duolingo during the first quarter worth approximately $15,430,000. Taika Capital LP acquired a new position in Duolingo during the fourth quarter worth approximately $2,697,000. BNP Paribas Financial Markets acquired a new position in Duolingo during the fourth quarter worth approximately $9,708,000. Redwood Investment Management LLC acquired a new position in Duolingo during the fourth quarter worth approximately $1,429,000. Finally, Abacus FCF Advisors LLC acquired a new position in Duolingo during the first quarter worth approximately $4,904,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Activity at Duolingo

In related news, insider Robert Meese sold 10,000 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $367.65, for a total value of $3,676,500.00. Following the completion of the transaction, the insider directly owned 123,805 shares in the company, valued at $45,516,908.25. This trade represents a 7.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Insiders sold a total of 63,000 shares of company stock worth $26,336,880 over the last quarter. 18.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on DUOL shares. JPMorgan Chase & Co. upped their target price on Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Needham & Company LLC upped their target price on Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group upped their target price on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Scotiabank upped their target price on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Finally, Barclays upped their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Duolingo presently has an average rating of "Moderate Buy" and a consensus price target of $443.53.

Duolingo Price Performance

Shares of NASDAQ DUOL traded up $4.19 during midday trading on Monday, hitting $396.05. 238,542 shares of the company's stock were exchanged, compared to its average volume of 724,030. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 195.15, a PEG ratio of 3.00 and a beta of 0.89. The business's fifty day moving average price is $477.28 and its two-hundred day moving average price is $387.32.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The company's revenue was up 37.6% compared to the same quarter last year. As a group, research analysts forecast 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.