Metavasi Capital LP Buys Shares of 11,500 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 acquired a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 investment portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in Duolingo in the first quarter worth about $25,000. Quarry LP increased its position 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 during the period. Summit Securities Group LLC acquired a new stake in Duolingo in the first quarter worth about $28,000. Brooklyn Investment Group increased its position in Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after purchasing an additional 95 shares during the period. Finally, Garde Capital Inc. acquired a new stake in Duolingo in the first quarter worth about $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 analyst reports. JPMorgan Chase & Co. boosted their target price on Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. DA Davidson lowered Duolingo from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $500.00 to $300.00 in a research report on Thursday. Barclays boosted their target price on Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Raymond James Financial restated a "market perform" rating on shares of Duolingo in a research report on Tuesday, August 26th. Finally, Robert W. Baird started coverage on Duolingo in a research report on Friday. They set a "neutral" rating and a $280.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $430.72.

Duolingo Stock Down 0.6%

Shares of NASDAQ:DUOL traded down $1.52 during trading on Friday, hitting $271.18. 1,824,928 shares of the company's stock traded hands, compared to its average volume of 1,884,229. Duolingo, Inc. has a 52 week low of $204.00 and a 52 week high of $544.93. 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 company has a market cap of $12.43 billion, a price-to-earnings ratio of 111.60, a price-to-earnings-growth ratio of 1.82 and a beta of 0.85. The company has a 50-day moving average price of $348.75 and a 200-day moving average price of $383.35.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $240.84 million. During the same quarter in the previous year, the business posted $0.51 EPS. Duolingo's revenue for the quarter was up 41.5% on a year-over-year basis. As a group, research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other Duolingo news, insider Robert Meese sold 1,444 shares of the business'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 value of $475,119.32. Following the sale, the insider owned 120,080 shares in the company, valued at approximately $39,509,922.40. The trade was a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 2,533 shares of the business'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 sale, the insider owned 122,112 shares in the company, valued at $40,178,511.36. The trade was a 2.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,508 shares of company stock worth $25,742,721. Corporate insiders own 15.67% of the company's stock.

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.