Farther Finance Advisors LLC Purchases 79 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Farther Finance Advisors LLC raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 164.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127 shares of the company’s stock after acquiring an additional 79 shares during the quarter. Farther Finance Advisors LLC’s holdings in Duolingo were worth $36,000 as of its most recent SEC filing.

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

Duolingo Price Performance

Shares of Duolingo stock opened at $322.57 on Friday. The company has a market cap of $14.04 billion, a PE ratio of 173.93 and a beta of 0.79. The business has a 50 day moving average of $277.45 and a 200 day moving average of $223.72. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $330.61. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the transaction, the chief financial officer now directly owns 88,856 shares in the company, valued at $18,417,183.12. The trade was a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUOL has been the topic of several recent analyst reports. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. raised their target price on Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays boosted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC increased their price target on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $331.33.

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.