Police & Firemen s Retirement System of New Jersey Acquires 756 Shares of Duolingo, Inc. $DUOL

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,371 shares of the company’s stock after buying an additional 756 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Duolingo were worth $5,892,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Rise Advisors LLC lifted its position in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Summit Securities Group LLC bought a new stake in Duolingo in the first quarter valued at $28,000. Brooklyn Investment Group increased its stake in Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares in the last quarter. Kiker Wealth Management LLC bought a new position in shares of Duolingo during the 2nd quarter worth about $31,000. Finally, Whittier Trust Co. bought a new position in shares of Duolingo during the 1st quarter worth about $33,000. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $263.13, for a total transaction of $2,631,300.00. Following the sale, the insider directly owned 72 shares in the company, valued at $18,945.36. The trade was a 99.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 1,515 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total transaction of $486,860.40. Following the completion of the transaction, the general counsel directly owned 32,638 shares in the company, valued at $10,488,547.68. This trade represents a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 75,735 shares of company stock valued at $22,998,736. 15.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley set a $300.00 price target on Duolingo in a research note on Thursday, November 6th. Barclays reduced their price target on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Duolingo in a research note on Thursday. DA Davidson lowered their target price on shares of Duolingo from $300.00 to $220.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Wells Fargo & Company cut their price target on Duolingo from $239.00 to $185.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $340.53.

Duolingo Trading Down 0.8%

NASDAQ:DUOL opened at $185.07 on Friday. Duolingo, Inc. has a 52 week low of $182.00 and a 52 week high of $544.93. The firm has a 50-day moving average price of $288.39 and a two-hundred day moving average price of $370.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $5.23. The company had revenue of $271.71 million during the quarter, compared to analyst estimates of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.Duolingo’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Duolingo 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.