99,828 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 99,828 shares of the company’s stock, valued at approximately $20,831,000. Duolingo makes up approximately 1.5% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Frank Rimerman Advisors LLC owned about 0.23% of Duolingo as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in shares of Duolingo in the 2nd quarter worth approximately $31,000. Blue Trust Inc. acquired a new position in Duolingo in the second quarter worth approximately $32,000. GAMMA Investing LLC increased its holdings in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Duolingo during the 2nd quarter valued at $36,000. Finally, Fifth Third Bancorp bought a new stake in shares of Duolingo during the 2nd quarter worth $40,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $215.00, for a total value of $215,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Matthew Skaruppa sold 8,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $198.59, for a total transaction of $1,588,720.00. Following the completion of the sale, the chief financial officer now owns 95,731 shares in the company, valued at approximately $19,011,219.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 1,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $215.00, for a total value of $215,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,374 shares of company stock valued at $19,459,527. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Up 1.6 %

DUOL stock opened at $268.34 on Friday. The company has a 50 day moving average of $198.82 and a two-hundred day moving average of $204.06. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 276.64 and a beta of 0.76. Duolingo, Inc. has a 12-month low of $140.16 and a 12-month high of $270.28. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DUOL. JPMorgan Chase & Co. cut their target price on Duolingo from $275.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Wolfe Research initiated coverage on shares of Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Needham & Company LLC dropped their target price 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. JMP Securities restated a “market outperform” rating and issued a $260.00 price target on shares of Duolingo in a research report on Wednesday, July 10th. Finally, Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.40.

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.