Townsquare Capital LLC Purchases 8,201 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Townsquare Capital LLC significantly increased its holdings in Duolingo, Inc. by 717.5% in the first quarter, owning now 9,344 shares worth approximately $2.9 million.
• Wall Street analysts are optimistic about Duolingo's growth, with a consensus price target of $454.20 and most analysts recommending a "buy" rating.
• Insider Severin Hacker sold 10,000 shares of Duolingo for over $3.4 million, decreasing his ownership in the company by nearly 99.29%.

Townsquare Capital LLC raised its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 717.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,344 shares of the company's stock after purchasing an additional 8,201 shares during the quarter. Townsquare Capital LLC's holdings in Duolingo were worth $2,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in shares of Duolingo during the 1st quarter worth $25,000. Quarry LP grew its stake in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after acquiring an additional 65 shares during the period. Garde Capital Inc. bought a new position in shares of Duolingo during the 1st quarter worth $31,000. Whittier Trust Co. bought a new position in shares of Duolingo during the 1st quarter worth $33,000. Finally, Versant Capital Management Inc lifted its holdings in Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock worth $34,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DUOL. JPMorgan Chase & Co. increased their price objective on Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Needham & Company LLC increased their price objective on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Citizens Jmp dropped their price objective on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a report on Monday, July 28th. Barclays increased their price objective on Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised Duolingo from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $454.20.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 72 shares in the company, valued at approximately $24,797.52. This represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 50,000 shares of company stock worth $20,939,300. 15.67% of the stock is currently owned by corporate insiders.

Duolingo Price Performance

Shares of Duolingo stock traded down $2.95 during trading on Friday, hitting $326.93. 1,063,926 shares of the stock traded hands, compared to its average volume of 1,887,337. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 134.54, a PEG ratio of 2.20 and a beta of 0.87. The firm's fifty day moving average is $391.96 and its 200-day moving average is $391.73. Duolingo, Inc. has a 52 week low of $198.33 and a 52 week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. The firm 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 was up 41.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. Research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal 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.