Metavasi Capital LP Takes Position in Duolingo, Inc. $DUOL

Key Points

• Metavasi Capital LP has acquired 11,500 shares of Duolingo, Inc., valued at approximately $3.57 million, making it the 17th largest holding in their investment portfolio.
• Multiple institutional investors, including T. Rowe Price and GAMMA Investing LLC, significantly increased their stakes in Duolingo during the first quarter, indicating growing confidence among major investors.
• Wall Street analysts have provided a consensus rating of "Moderate Buy" for Duolingo, with an average price target of $451.35, reflecting positive growth expectations for the company.

Metavasi Capital LP bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 11,500 shares of the company's stock, valued at approximately $3,571,000. Duolingo accounts for approximately 2.3% of Metavasi Capital LP's holdings, making the stock its 17th biggest holding.

A number of other large investors have also recently bought and sold shares of DUOL. Dimensional Fund Advisors LP raised its stake in Duolingo by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 101,609 shares of the company's stock valued at $32,946,000 after acquiring an additional 5,910 shares during the period. Quarry LP increased its holdings in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Northern Trust Corp grew its stake in Duolingo by 18.6% in the fourth quarter. Northern Trust Corp now owns 296,457 shares of the company's stock valued at $96,120,000 after acquiring an additional 46,442 shares during the period. AQR Capital Management LLC boosted its position in shares of Duolingo by 1.0% during the fourth quarter. AQR Capital Management LLC now owns 90,103 shares of the company's stock valued at $29,117,000 after buying an additional 924 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Duolingo by 22.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,166 shares of the company's stock worth $4,269,000 after acquiring an additional 2,416 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Transactions at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction dated 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 in the company, valued at approximately $13,757,269.55. This represents a 20.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Meese sold 1,444 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $475,119.32. Following the sale, the insider owned 120,080 shares of the company's stock, valued at $39,509,922.40. This represents a 1.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,508 shares of company stock worth $25,742,721 in the last three months. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded down $9.82 during mid-day trading on Thursday, hitting $272.70. The stock had a trading volume of 2,468,798 shares, compared to its average volume of 1,075,335. Duolingo, Inc. has a twelve month low of $204.00 and a twelve month high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $12.50 billion, a PE ratio of 112.22, a PEG ratio of 1.99 and a beta of 0.85. The company has a 50 day moving average of $354.07 and a two-hundred day moving average of $385.63.

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

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of analyst reports. JMP Securities decreased their price objective on Duolingo from $475.00 to $450.00 and set a "market outperform" rating on the stock in a research note on Monday, July 28th. Raymond James Financial restated a "market perform" rating on shares of Duolingo in a research note on Tuesday, August 26th. Citigroup started coverage on Duolingo in a research report on Monday, August 18th. They set a "buy" rating and a $400.00 price objective on the stock. Wall Street Zen cut Duolingo from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Barclays raised their price objective on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $439.59.

Duolingo Company 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.