593 Shares in Duolingo, Inc. $DUOL Bought by Ascent Group LLC

Ascent Group LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 593 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new stake in shares of Duolingo in the 1st quarter valued at about $3,772,000. Hsbc Holdings PLC grew its position in shares of Duolingo by 39.0% in the 1st quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock valued at $995,000 after buying an additional 894 shares during the last quarter. Encompass More Asset Management bought a new stake in shares of Duolingo in the 1st quarter valued at about $762,000. Jump Financial LLC grew its position in shares of Duolingo by 563.7% in the 1st quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock valued at $32,511,000 after buying an additional 88,918 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new stake in shares of Duolingo in the 1st quarter valued at about $1,946,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DUOL. JMP Securities reduced their price target on Duolingo from $475.00 to $450.00 and set a “market outperform” rating on the stock in a research report on Monday, July 28th. Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a research report on Tuesday, August 26th. Zacks Research upgraded Duolingo from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Needham & Company LLC reiterated a “buy” rating and issued a $460.00 price target on shares of Duolingo in a research report on Wednesday, September 17th. Finally, Wall Street Zen downgraded Duolingo from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $419.32.

Insider Buying and Selling

In related news, insider Natalie Glance sold 3,283 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the transaction, the insider directly owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 10,937 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 83,791 shares of company stock valued at $26,918,301. 15.67% of the stock is owned by company insiders.

Duolingo Stock Up 8.5%

DUOL stock opened at $347.27 on Thursday. The stock’s 50 day simple moving average is $316.97 and its 200 day simple moving average is $380.33. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market cap of $15.91 billion, a P/E ratio of 142.91, a price-to-earnings-growth ratio of 2.13 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The business had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. During the same period in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. On average, research 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.