Neuberger Berman Group LLC Grows Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Neuberger Berman Group LLC increased its holdings in Duolingo, Inc. by 3.1%, now owning approximately 0.15% of the company valued at around $21.25 million.
• Duolingo reported $0.91 earnings per share for the last quarter, exceeding analyst expectations of $0.55, with a revenue increase of 41.5% year-over-year.
• Insider Severin Hacker sold 10,000 shares of Duolingo stock, comprising a drastic 99.29% decrease in ownership, raising concerns about insider confidence.

Neuberger Berman Group LLC boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,424 shares of the company's stock after buying an additional 2,053 shares during the period. Neuberger Berman Group LLC owned approximately 0.15% of Duolingo worth $21,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DUOL. Contravisory Investment Management Inc. purchased a new position in Duolingo in the 1st quarter worth $25,000. Quarry LP increased its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares during the period. Garde Capital Inc. purchased a new position in shares of Duolingo during the first quarter valued at about $31,000. Whittier Trust Co. bought a new stake in Duolingo during the first quarter worth about $33,000. Finally, Versant Capital Management Inc boosted its stake in Duolingo by 323.1% during the first quarter. Versant Capital Management Inc now owns 110 shares of the company's stock worth $34,000 after acquiring an additional 84 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Trading Up 1.5%

NASDAQ DUOL opened at $327.93 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. Duolingo, Inc. has a 12 month low of $192.71 and a 12 month high of $544.93. The company has a market cap of $14.91 billion, a P/E ratio of 134.95, a P/E/G ratio of 2.15 and a beta of 0.87. The company has a 50-day moving average of $399.54 and a 200-day moving average of $391.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 13.32% and a net margin of 13.24%. Duolingo's quarterly revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. As a group, equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $344.41, for a total transaction of $3,444,100.00. Following the completion of the sale, the insider directly owned 72 shares of the company's stock, valued at $24,797.52. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 50,000 shares of company stock valued at $20,939,300 over the last ninety days. Corporate insiders own 15.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group restated an "overweight" rating on shares of Duolingo in a research report on Thursday, May 22nd. Citizens Jmp reduced their price objective on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a research note on Monday, July 28th. Scotiabank increased their price objective on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised 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. Finally, JMP Securities lowered their price objective on shares of Duolingo from $475.00 to $450.00 and set a "market outperform" rating for the company in a research report on Monday, July 28th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and an average target price of $454.20.

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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