Quantbot Technologies LP Acquires Shares of 8,754 Duolingo, Inc. $DUOL

Key Points

• Quantbot Technologies LP purchased 8,754 shares of Duolingo, Inc. for approximately $2.72 million, reflecting growing interest from institutional investors in the company.
• Duolingo's quarterly earnings beat expectations, reporting an earnings per share (EPS) of $0.91 on revenue of $252.27 million, indicating a 41.5% year-over-year growth.
• Analysts have revised Duolingo's target prices, with ratings ranging from "buy" to "equal weight", highlighting a consensus target price of $451.35.

Quantbot Technologies LP purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,754 shares of the company's stock, valued at approximately $2,718,000.

A number of other large investors have also made changes to their positions in the stock. Invesco Ltd. increased its holdings in shares of Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock valued at $418,073,000 after purchasing an additional 261,212 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Duolingo by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock valued at $434,398,000 after purchasing an additional 10,638 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 398,259 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Duolingo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 431,464 shares of the company's stock valued at $133,987,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Duolingo by 18.6% in the 4th quarter. Northern Trust Corp now owns 296,457 shares of the company's stock valued at $96,120,000 after purchasing an additional 46,442 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Trading Down 3.6%

Shares of NASDAQ DUOL traded down $11.89 on Monday, reaching $319.98. 957,428 shares of the company traded hands, compared to its average volume of 1,043,889. Duolingo, Inc. has a fifty-two week low of $202.38 and a fifty-two week high of $544.93. The company has a 50 day moving average of $378.13 and a 200 day moving average of $390.98. 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 stock has a market capitalization of $14.66 billion, a PE ratio of 131.81, a P/E/G ratio of 2.21 and a beta of 0.87.

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

Insider Activity

In other Duolingo news, CFO Matthew Skaruppa sold 2,797 shares of the 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 $920,296.91. Following the completion of the sale, the chief financial officer owned 52,904 shares of the company's stock, valued at $17,407,003.12. This trade represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Meese sold 1,444 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $475,119.32. Following the completion of the sale, the insider directly owned 120,080 shares of the company's stock, valued at $39,509,922.40. This trade represents a 1.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,056 shares of company stock valued at $27,035,566 over the last quarter. 18.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DUOL shares. Piper Sandler set a $375.00 price target on shares of Duolingo in a report on Friday, May 2nd. Evercore ISI boosted their price objective on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Duolingo from a "buy" rating to a "hold" rating in a research report on Friday. UBS Group reiterated an "overweight" rating on shares of Duolingo in a research report on Thursday, May 22nd. Finally, Morgan Stanley boosted their price objective on shares of Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $451.35.

About Duolingo

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.