Duolingo, Inc. $DUOL Stake Boosted by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management increased its stake in Duolingo, Inc. by 54.5% in the first quarter, holding 13,824 shares valued at $4.29 million.
• Duolingo reported a quarterly earnings EPS of $0.91, surpassing analysts' expectations of $0.55, with a revenue of $252.27 million, which is a 41.5% increase year-over-year.
• The company maintains a strong market presence, with institutional investors owning 91.59% of its stock and a consensus rating of "Moderate Buy" from analysts.

Landscape Capital Management L.L.C. raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 54.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,824 shares of the company's stock after buying an additional 4,879 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Duolingo were worth $4,293,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in Duolingo during the first quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of Duolingo in the 1st quarter valued at about $28,000. Quarry LP grew its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares during the last quarter. Brooklyn Investment Group raised its stake in Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after acquiring an additional 95 shares during the period. Finally, Garde Capital Inc. bought a new position in Duolingo in the first quarter worth about $31,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DUOL. UBS Group reissued an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Argus assumed coverage on Duolingo in a research report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 target price on the stock. Raymond James Financial reissued a "market perform" rating on shares of Duolingo in a report on Tuesday. Citizens Jmp dropped their price objective on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $451.35.

Duolingo Price Performance

Shares of NASDAQ DUOL traded down $24.92 during mid-day trading on Friday, reaching $297.86. 2,277,333 shares of the company traded hands, compared to its average volume of 2,220,966. The stock has a fifty day simple moving average of $362.04 and a 200-day simple moving average of $388.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market cap of $13.65 billion, a PE ratio of 122.58, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87. Duolingo, Inc. has a fifty-two week low of $202.44 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted 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. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The company had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company's quarterly revenue was up 41.5% compared to the same quarter last year. Equities research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Natalie Glance sold 2,533 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the completion of the transaction, the insider owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the completion of the sale, the chief financial officer owned 43,345 shares of the company's stock, valued at $13,757,269.55. The trade was a 20.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,508 shares of company stock worth $30,993,721 over the last three months. Corporate 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.