Sanctuary Advisors LLC Invests $199,000 in Duolingo, Inc. (NASDAQ:DUOL)

Sanctuary Advisors LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the third quarter, according to its most recent filing with the SEC. The firm acquired 707 shares of the company’s stock, valued at approximately $199,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Duolingo in the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the third quarter valued at $29,000. Larson Financial Group LLC acquired a new stake in Duolingo during the 2nd quarter worth approximately $31,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo in the 2nd quarter valued at $36,000. Finally, Farther Finance Advisors LLC lifted its position in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DUOL shares. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. DA Davidson boosted their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $353.90.

Duolingo Stock Down 2.5 %

DUOL opened at $333.34 on Monday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $378.48. The stock has a market cap of $14.66 billion, a PE ratio of 182.15 and a beta of 0.85. The stock’s fifty day simple moving average is $327.98 and its 200 day simple moving average is $256.40. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same period last year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 39.9% on a year-over-year basis. As a group, research analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insider Activity

In other news, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now owns 72 shares in the company, valued at approximately $24,446.88. This trade represents a 99.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $280.91, for a total value of $421,365.00. Following the completion of the transaction, the insider now owns 138,260 shares in the company, valued at approximately $38,838,616.60. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 245,160 shares of company stock worth $83,163,216 over the last quarter. Insiders own 18.30% of the company’s stock.

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.