MGO One Seven LLC Buys 170 Shares of Duolingo, Inc. $DUOL

MGO One Seven LLC grew its stake in Duolingo, Inc. (NASDAQ:DUOL) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 2,625 shares of the company’s stock after purchasing an additional 170 shares during the period. MGO One Seven LLC’s holdings in Duolingo were worth $1,076,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DUOL. GAMMA Investing LLC lifted its holdings in shares of Duolingo by 35.4% in the first quarter. GAMMA Investing LLC now owns 772 shares of the company’s stock valued at $240,000 after purchasing an additional 202 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Duolingo by 20.4% during the first quarter. Fifth Third Bancorp now owns 313 shares of the company’s stock worth $97,000 after acquiring an additional 53 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Duolingo by 52.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,354 shares of the company’s stock worth $1,663,000 after acquiring an additional 1,836 shares during the period. Janney Montgomery Scott LLC bought a new stake in Duolingo during the first quarter worth $282,000. Finally, QRG Capital Management Inc. lifted its holdings in Duolingo by 26.7% during the first quarter. QRG Capital Management Inc. now owns 1,928 shares of the company’s stock worth $599,000 after acquiring an additional 406 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DUOL. Needham & Company LLC reiterated a “buy” rating and set a $460.00 price target on shares of Duolingo in a report on Wednesday, September 17th. Baird R W upgraded Duolingo to a “hold” rating in a report on Friday, September 5th. JPMorgan Chase & Co. dropped their price target on Duolingo from $515.00 to $465.00 and set an “overweight” rating on the stock in a report on Monday. DA Davidson lowered Duolingo from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $500.00 to $300.00 in a report on Thursday, September 4th. Finally, Robert W. Baird initiated coverage on Duolingo in a research report on Friday, September 5th. They issued a “neutral” rating and a $280.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $416.68.

Duolingo Trading Down 3.1%

Shares of DUOL opened at $330.56 on Friday. The business has a 50-day moving average of $314.65 and a 200 day moving average of $380.58. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93. The firm has a market cap of $15.15 billion, a P/E ratio of 136.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81.

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

Insider Buying and Selling at Duolingo

In related news, insider Robert Meese sold 1,444 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $475,119.32. Following the sale, the insider owned 120,080 shares of the company’s stock, valued at approximately $39,509,922.40. This represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer directly owned 43,345 shares in the company, valued at $13,757,269.55. This trade represents a 20.15% 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 in the last three months. 15.67% of the stock is currently owned by corporate insiders.

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.