Bamco Inc. NY Makes New $25.81 Million Investment in Duolingo, Inc. (NASDAQ:DUOL)

Bamco Inc. NY purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 91,512 shares of the company’s stock, valued at approximately $25,808,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new stake in Duolingo during the 2nd quarter worth approximately $204,768,000. FMR LLC raised its position in shares of Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after buying an additional 564,173 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after buying an additional 353,918 shares during the period. Bank of New York Mellon Corp grew its position in Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after buying an additional 238,990 shares in the last quarter. Finally, Spyglass Capital Management LLC bought a new position in Duolingo in the 3rd quarter worth about $38,512,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. DA Davidson boosted their price target on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays increased their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Needham & Company LLC upped their target price on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $331.33.

Duolingo Stock Performance

Duolingo stock opened at $346.52 on Tuesday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $15.24 billion, a P/E ratio of 189.36 and a beta of 0.79. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $364.95. The firm has a 50-day moving average of $302.18 and a 200-day moving average of $233.86.

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

Insider Transactions at Duolingo

In related news, insider Robert Meese sold 4,819 shares of Duolingo stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the sale, the insider now directly owns 157,053 shares in the company, valued at $37,695,861.06. The trade was a 2.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the sale, the insider now directly owns 136,760 shares in the company, valued at approximately $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,319 shares of company stock valued at $5,134,526. Company insiders own 18.30% of the company’s stock.

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.