Mutual of America Capital Management LLC Invests $4.42 Million in Duolingo, Inc. (NASDAQ:DUOL)

Mutual of America Capital Management LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,176 shares of the company’s stock, valued at approximately $4,419,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Duolingo in the fourth quarter worth about $84,042,000. Whale Rock Capital Management LLC grew its position in Duolingo by 23.9% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after purchasing an additional 245,599 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Duolingo by 153.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after purchasing an additional 154,659 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of Duolingo in the first quarter worth $28,555,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays dropped their price target on Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of Duolingo in a research report on Tuesday, September 10th. Needham & Company LLC lowered their price objective on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a research report on Friday, July 26th. Finally, JMP Securities restated a “market outperform” rating and set a $260.00 price target on shares of Duolingo in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $237.40.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $268.34 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The stock has a market capitalization of $11.57 billion, a P/E ratio of 276.64 and a beta of 0.76. The business has a 50-day moving average of $198.82 and a two-hundred day moving average of $204.06. Duolingo, Inc. has a fifty-two week low of $140.16 and a fifty-two week high of $270.28.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. During the same quarter last year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts predict that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total value of $242,670.00. Following the transaction, the insider now directly owns 144,282 shares in the company, valued at $23,341,941.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the transaction, the insider now owns 144,282 shares of the company’s stock, valued at $23,341,941.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.49, for a total value of $1,664,900.00. Following the sale, the insider now directly owns 72 shares in the company, valued at $11,987.28. The disclosure for this sale can be found here. Insiders have sold 97,374 shares of company stock worth $19,459,527 in the last quarter. 18.30% of the stock is currently owned by company insiders.

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.