GAMMA Investing LLC Buys 214 Shares of Duolingo, Inc. (NASDAQ:DUOL)

GAMMA Investing LLC increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 60.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 570 shares of the company’s stock after buying an additional 214 shares during the quarter. GAMMA Investing LLC’s holdings in Duolingo were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DUOL. True Wealth Design LLC bought a new stake in shares of Duolingo in the 3rd quarter worth $26,000. First Horizon Advisors Inc. purchased a new position in Duolingo during the third quarter worth about $29,000. Mark Sheptoff Financial Planning LLC bought a new stake in Duolingo in the 2nd quarter worth about $36,000. Farther Finance Advisors LLC increased its stake in Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Duolingo during the 3rd quarter worth approximately $68,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DUOL. Scotiabank began coverage on Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Barclays upped their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. DA Davidson lifted their target price on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $353.90.

Duolingo Stock Performance

NASDAQ DUOL opened at $323.14 on Thursday. The firm has a market cap of $14.21 billion, a P/E ratio of 176.58 and a beta of 0.87. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $334.23 and its 200-day moving average is $262.87. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s revenue was up 39.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Sell-side analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $24,446.88. This represents a 99.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the transaction, the insider now directly owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 258,660 shares of company stock worth $87,726,551. 18.30% of the stock is 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.