Bleakley Financial Group LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Bleakley Financial Group LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 938 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors have also modified their holdings of DUOL. Quadrature Capital Ltd acquired a new stake in Duolingo in the 4th quarter valued at about $251,000. Harbour Capital Advisors LLC lifted its stake in Duolingo by 24.8% during the first quarter. Harbour Capital Advisors LLC now owns 1,635 shares of the company’s stock valued at $347,000 after purchasing an additional 325 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Duolingo by 79.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,091 shares of the company’s stock worth $682,000 after buying an additional 1,371 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Duolingo by 10.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 68,441 shares of the company’s stock worth $15,097,000 after buying an additional 6,601 shares during the last quarter. Finally, Edmonds Duncan Registered Investment Advisors LLC bought a new position in shares of Duolingo in the first quarter valued at $273,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DUOL. Barclays reduced their price objective on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Piper Sandler reissued an “overweight” rating and issued a $271.00 price target on shares of Duolingo in a research note on Friday, August 30th. The Goldman Sachs Group upped their price objective on shares of Duolingo from $198.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. UBS Group lifted their target price on shares of Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Bank of America raised their price objective on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.22.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $279.93 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. Duolingo, Inc. has a one year low of $140.16 and a one year high of $297.56. The business’s 50-day moving average price is $246.95 and its two-hundred day moving average price is $213.50. The company has a market capitalization of $12.07 billion, a P/E ratio of 288.59 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. Analysts anticipate that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $280.91, for a total value of $421,365.00. Following the completion of the sale, the insider now directly owns 138,260 shares in the company, valued at approximately $38,838,616.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the transaction, the general counsel now owns 35,558 shares of the company’s stock, valued at $7,522,294.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $280.91, for a total transaction of $421,365.00. Following the sale, the insider now directly owns 138,260 shares of the company’s stock, valued at approximately $38,838,616.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,374 shares of company stock worth $18,571,912. 18.30% of the stock is owned by corporate 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.