Lecap Asset Management Ltd. Invests $747,000 in Duolingo, Inc. $DUOL

Key Points

• Lecap Asset Management Ltd. has invested approximately $747,000 in Duolingo, acquiring 1,823 shares of the company's stock during the 2nd quarter.
• Institutional investors currently own 91.59% of Duolingo's stock, with several large firms making recent acquisitions, indicating strong institutional interest.
• Analysts have mixed ratings for Duolingo, with an average rating of "Moderate Buy" and a consensus target price of $419.32.

Lecap Asset Management Ltd. acquired a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,823 shares of the company's stock, valued at approximately $747,000.

Several other large investors have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in shares of Duolingo during the first quarter valued at about $25,000. Rise Advisors LLC raised its holdings in Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock valued at $25,000 after acquiring an additional 24 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Duolingo in the 1st quarter worth approximately $28,000. Brooklyn Investment Group lifted its position in shares of Duolingo by 4,750.0% in the 1st 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. acquired a new stake in shares of Duolingo during the 1st quarter worth approximately $31,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research reports. Wells Fargo & Company initiated coverage on Duolingo in a research report on Monday, September 8th. They issued an "underweight" rating and a $239.00 target price for the company. KeyCorp raised shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price objective for the company in a report on Monday, August 18th. Needham & Company LLC reissued a "buy" rating and issued a $460.00 target price on shares of Duolingo in a research note on Wednesday, September 17th. JMP Securities cut their price target on shares of Duolingo from $475.00 to $450.00 and set a "market outperform" rating for the company in a research note on Monday, July 28th. Finally, Zacks Research upgraded Duolingo from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $419.32.

Insider Activity at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 1,515 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total transaction of $486,860.40. Following the transaction, the general counsel owned 32,638 shares of the company's stock, valued at approximately $10,488,547.68. This represents a 4.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief financial officer owned 43,345 shares in the company, valued at $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 80,508 shares of company stock valued at $26,605,621. Insiders own 15.67% of the company's stock.

Duolingo Stock Performance

NASDAQ DUOL opened at $313.00 on Friday. Duolingo, Inc. has a 1-year low of $256.63 and a 1-year high of $544.93. The company has a 50 day moving average of $318.36 and a 200-day moving average of $379.61. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 128.81, a PEG ratio of 2.02 and a beta of 0.86.

Duolingo (NASDAQ:DUOL - Get Free Report) last released 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 return on equity of 13.32% and a net margin of 13.24%.The business had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. During the same period in the prior year, the company earned $0.51 EPS. Duolingo's revenue for the quarter was up 41.5% on a year-over-year basis. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share 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.

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