Mount Lucas Management LP Boosts Position in Duolingo, Inc. (NASDAQ:DUOL)

Mount Lucas Management LP boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 79.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,982 shares of the company's stock after purchasing an additional 876 shares during the period. Mount Lucas Management LP's holdings in Duolingo were worth $615,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after acquiring an additional 1,063,327 shares in the last quarter. Norges Bank acquired a new stake in Duolingo in the 4th quarter valued at about $152,296,000. T. Rowe Price Investment Management Inc. increased its position in Duolingo by 548.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock valued at $152,659,000 after acquiring an additional 398,259 shares in the last quarter. Invesco Ltd. increased its position in Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after acquiring an additional 378,225 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Duolingo by 41,959.1% in the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock valued at $74,448,000 after acquiring an additional 239,167 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $360.33, for a total value of $3,603,300.00. Following the sale, the insider directly owned 72 shares in the company, valued at approximately $25,943.76. The trade was a 99.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total value of $1,975,000.00. Following the completion of the sale, the insider owned 118,805 shares in the company, valued at $46,927,975. This represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock worth $24,429,700 over the last quarter. Company insiders own 15.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Duolingo from $515.00 to $480.00 and set an "overweight" rating for the company in a research report on Tuesday, July 8th. JPMorgan Chase & Co. cut their price objective on shares of Duolingo from $580.00 to $500.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Needham & Company LLC upped their price target on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. DA Davidson dropped their price objective on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Finally, Piper Sandler set a $375.00 price target on shares of Duolingo in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $435.87.

Duolingo Stock Up 0.9%

NASDAQ DUOL traded up $3.14 during mid-day trading on Friday, hitting $364.09. The company's stock had a trading volume of 624,096 shares, compared to its average volume of 853,654. The company's 50 day simple moving average is $444.90 and its 200 day simple moving average is $390.54. Duolingo, Inc. has a twelve month low of $145.05 and a twelve 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 firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 179.36, a PEG ratio of 2.77 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. Duolingo's quarterly revenue was up 37.6% compared to the same quarter last year. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current 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.