Triodos Investment Management BV Purchases 800 Shares of Duolingo, Inc. $DUOL

Key Points

• Triodos Investment Management BV increased its position in Duolingo, Inc. by 22.9%, now owning 4,300 shares valued at approximately $1.76 million.
• Duolingo's recent earnings report showed a significant 41.5% year-over-year revenue increase to $252.27 million, surpassing analysts’ expectations.
• Analyst ratings for Duolingo vary, with a mix of hold, buy, and downgrade ratings, reflecting a current average price target of $419.32.

Triodos Investment Management BV grew its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 22.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,300 shares of the company's stock after acquiring an additional 800 shares during the quarter. Triodos Investment Management BV's holdings in Duolingo were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock worth $418,073,000 after acquiring an additional 261,212 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Duolingo by 110.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock valued at $307,716,000 after purchasing an additional 520,069 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Duolingo by 0.4% during 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 during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Duolingo by 23.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company's stock valued at $66,640,000 after purchasing an additional 40,812 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Duolingo by 123.8% during the 1st quarter. AQR Capital Management LLC now owns 201,692 shares of the company's stock valued at $61,478,000 after purchasing an additional 111,589 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

Shares of DUOL stock opened at $337.19 on Friday. Duolingo, Inc. has a twelve month low of $256.63 and a twelve month high of $544.93. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 138.76, a P/E/G ratio of 2.32 and a beta of 0.86. The stock has a fifty day simple moving average of $316.78 and a two-hundred day simple moving average of $380.38. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The business had revenue of $252.27 million during the quarter, compared to analysts' expectations of $240.84 million. During the same period in the prior year, the business earned $0.51 EPS. The business's revenue for the quarter was up 41.5% compared to the same quarter last year. On average, analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson downgraded Duolingo from a "buy" rating to a "neutral" rating and cut their target price for the company from $500.00 to $300.00 in a research report on Thursday, September 4th. Baird R W raised Duolingo to a "hold" rating in a research report on Friday, September 5th. Argus assumed coverage on Duolingo in a report on Wednesday, June 25th. They set a "buy" rating and a $575.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, KeyCorp upgraded Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price objective for the company in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $419.32.

Insiders Place Their Bets

In other Duolingo news, insider Robert Meese sold 1,444 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $475,119.32. Following the completion of the sale, the insider directly owned 120,080 shares in the company, valued at approximately $39,509,922.40. This represents a 1.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $321.63, for a total value of $3,216,300.00. Following the sale, the insider owned 72 shares of the company's stock, valued at $23,157.36. This trade represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,791 shares of company stock worth $26,918,301. 15.67% of the stock is owned by company insiders.

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.

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