Joel Isaacson & Co. LLC Has $879,000 Position in Duolingo, Inc. $DUOL

Joel Isaacson & Co. LLC reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,144 shares of the company’s stock after selling 175 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Duolingo were worth $879,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DUOL. Rise Advisors LLC raised its stake in Duolingo by 43.6% during the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Summit Securities Group LLC acquired a new position in Duolingo during the first quarter worth $28,000. Brooklyn Investment Group raised its stake in Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Garde Capital Inc. acquired a new position in Duolingo during the first quarter worth $31,000. Finally, Whittier Trust Co. acquired a new position in Duolingo during the first quarter worth $33,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Price Performance

Duolingo stock opened at $319.98 on Wednesday. The business’s 50-day simple moving average is $316.85 and its 200 day simple moving average is $380.56. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 131.68, a P/E/G ratio of 2.14 and a beta of 0.86. Duolingo, Inc. has a 12-month low of $256.63 and a 12-month high of $544.93. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.36. The business had revenue of $252.27 million for the quarter, compared to analysts’ expectations of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the transaction, the chief financial officer owned 43,345 shares in the company, valued at approximately $13,757,269.55. This trade represents a 20.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 3,283 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the transaction, the insider owned 116,171 shares in the company, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,791 shares of company stock worth $26,918,301 over the last 90 days. Insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DUOL shares. Needham & Company LLC restated a “buy” rating and issued a $460.00 target price on shares of Duolingo in a research note on Wednesday, September 17th. Wall Street Zen lowered Duolingo from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Zacks Research upgraded Duolingo from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. JPMorgan Chase & Co. raised their target price on Duolingo from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Citizens Jmp lowered their target price on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating for the company in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $419.32.

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.