Neuberger Berman Group LLC Purchases 47,070 Shares of Duolingo, Inc. $DUOL

Neuberger Berman Group LLC raised its position in Duolingo, Inc. (NASDAQ:DUOL) by 68.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 115,494 shares of the company’s stock after acquiring an additional 47,070 shares during the quarter. Neuberger Berman Group LLC’s holdings in Duolingo were worth $47,355,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of Duolingo by 39.8% during the 1st quarter. LPL Financial LLC now owns 5,868 shares of the company’s stock valued at $1,822,000 after purchasing an additional 1,670 shares during the last quarter. National Bank of Canada FI raised its stake in Duolingo by 17,100.0% in the first quarter. National Bank of Canada FI now owns 4,300 shares of the company’s stock valued at $1,336,000 after buying an additional 4,275 shares during the last quarter. Nuveen LLC acquired a new stake in Duolingo in the first quarter worth about $42,950,000. HighTower Advisors LLC grew its stake in shares of Duolingo by 58.3% during the first quarter. HighTower Advisors LLC now owns 2,908 shares of the company’s stock worth $903,000 after acquiring an additional 1,071 shares during the last quarter. Finally, Ethic Inc. increased its holdings in shares of Duolingo by 102.1% during the first quarter. Ethic Inc. now owns 3,403 shares of the company’s stock valued at $1,114,000 after acquiring an additional 1,719 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Trading Down 2.3%

Shares of NASDAQ:DUOL opened at $196.28 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12-month low of $166.27 and a 12-month high of $544.93. The business has a 50 day moving average of $242.89 and a two-hundred day moving average of $326.03. The company has a market capitalization of $9.07 billion, a PE ratio of 24.88, a PEG ratio of 1.23 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The business had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. During the same quarter last year, the company earned $0.49 EPS. The business’s revenue was up 41.1% on a year-over-year basis. As a group, analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DUOL. The Goldman Sachs Group lowered their target price on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Citizens Jmp lowered Duolingo from a “market outperform” rating to a “hold” rating in a report on Thursday, November 6th. Wall Street Zen lowered Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Baird R W upgraded shares of Duolingo to a “hold” rating in a research note on Friday, September 5th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Ten 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $329.44.

Insider Activity

In related news, General Counsel Stephen C. Chen sold 1,514 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $175.87, for a total value of $266,267.18. Following the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at approximately $5,547,291.54. This trade represents a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $172.74, for a total value of $1,727,400.00. Following the sale, the insider owned 72 shares of the company’s stock, valued at approximately $12,437.28. This trade represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 76,452 shares of company stock worth $18,736,132. 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.