Norden Group LLC Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Norden Group LLC has acquired a new stake in Duolingo, Inc., purchasing 1,544 shares valued at approximately $479,000 during the first quarter of the year.
• Several large investors have increased their holdings in Duolingo, with notable stakes including LPL Financial LLC raising their holdings by 39.8%, and TD Asset Management Inc. boosting their stake by 12.7%.
• Duolingo reported a 37.6% increase in revenue year-over-year, with earnings per share of $0.72, surpassing analysts' expectations of $0.52.

Norden Group LLC bought 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 fund bought 1,544 shares of the company's stock, valued at approximately $479,000.

A number of other hedge funds have also added to or reduced their stakes in DUOL. Lido Advisors LLC increased its holdings in shares of Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after acquiring an additional 30 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Duolingo by 1.2% during the first quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock valued at $914,000 after acquiring an additional 34 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Duolingo by 24.4% during the first quarter. Larson Financial Group LLC now owns 199 shares of the company's stock valued at $62,000 after acquiring an additional 39 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Duolingo by 20.4% during the first quarter. Fifth Third Bancorp now owns 313 shares of the company's stock valued at $97,000 after acquiring an additional 53 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Duolingo by 90.1% during the first quarter. Signaturefd LLC now owns 135 shares of the company's stock valued at $42,000 after acquiring an additional 64 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Performance

DUOL stock traded down $7.56 during midday trading on Friday, hitting $338.99. The company's stock had a trading volume of 1,016,029 shares, compared to its average volume of 899,971. The stock's 50-day moving average price is $430.58 and its 200 day moving average price is $391.09. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 166.99, a PEG ratio of 2.66 and a beta of 0.87.

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

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $360.33, for a total transaction of $3,603,300.00. Following the transaction, the insider owned 72 shares of the company's stock, valued at $25,943.76. This represents a 99.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 50,000 shares of company stock worth $22,454,700. 15.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several recent research reports. Barclays boosted their price objective on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley decreased their price target on Duolingo from $515.00 to $480.00 and set an "overweight" rating for the company in a report on Tuesday, July 8th. DA Davidson cut their price objective on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Citizens Jmp cut their price objective on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a report on Monday. Finally, Piper Sandler set a $375.00 price objective on shares of Duolingo in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $450.87.

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.