Retireful LLC Acquires New Position in Duolingo, Inc. $DUOL

Key Points

• Retireful LLC acquired a new position in Duolingo, Inc. by purchasing 1,887 shares, valued at approximately $774,000, indicating significant institutional interest in the company.
• Analysts have raised their price targets for Duolingo, with Morgan Stanley increasing its target from $480 to $500 and Zacks upgrading the stock to a "strong-buy" rating.
• Duolingo reported earnings of $0.91 per share, surpassing estimates and marking a year-over-year revenue increase of 41.5% to $252.27 million.

Retireful LLC bought a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,887 shares of the company's stock, valued at approximately $774,000.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Duolingo by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,667 shares of the company's stock valued at $4,784,000 after acquiring an additional 79 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Duolingo during the second quarter valued at about $398,000. GAMMA Investing LLC grew its holdings in shares of Duolingo by 36.4% during the second quarter. GAMMA Investing LLC now owns 1,053 shares of the company's stock worth $432,000 after purchasing an additional 281 shares during the last quarter. Three Seasons Wealth LLC acquired a new position in shares of Duolingo in the second quarter valued at approximately $210,000. Finally, Redhawk Wealth Advisors Inc. raised its holdings in Duolingo by 11.1% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 7,420 shares of the company's stock valued at $3,042,000 after buying an additional 742 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DUOL shares. Morgan Stanley upped their price target on shares of Duolingo from $480.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Barclays increased their price objective on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Zacks Research upgraded Duolingo from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. DA Davidson cut Duolingo from a "buy" rating to a "neutral" rating and decreased their price target for the company from $500.00 to $300.00 in a research note on Thursday, September 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $460.00 price objective on shares of Duolingo in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $419.32.

Duolingo Stock Up 0.6%

Shares of NASDAQ:DUOL opened at $301.17 on Thursday. The firm has a market cap of $13.80 billion, a P/E ratio of 123.94, a PEG ratio of 2.00 and a beta of 0.85. The business's 50 day simple moving average is $323.52 and its two-hundred day simple moving average is $378.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. Duolingo, Inc. has a 52-week low of $256.63 and a 52-week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its 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 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%.The company's revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. 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, General Counsel Stephen C. Chen sold 1,515 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total transaction of $486,860.40. Following the sale, the general counsel directly owned 32,638 shares of the company's stock, valued at $10,488,547.68. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Natalie Glance sold 2,533 shares of the firm'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 transaction of $833,432.99. Following the completion of the transaction, the insider directly owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,508 shares of company stock valued at $26,605,621. 15.67% of the stock is currently owned by insiders.

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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