Janney Montgomery Scott LLC Acquires 5,501 Shares of Duolingo, Inc. $DUOL

Janney Montgomery Scott LLC lifted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 214.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,063 shares of the company’s stock after purchasing an additional 5,501 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Duolingo were worth $795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DUOL. KERR FINANCIAL PLANNING Corp bought a new stake in Duolingo in the third quarter worth $47,000. EFG International AG acquired a new position in Duolingo during the fourth quarter worth $26,000. Globeflex Capital L P bought a new position in Duolingo during the second quarter valued at about $77,000. AlphaCentric Advisors LLC bought a new position in Duolingo during the fourth quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Duolingo in the third quarter worth about $70,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 6.1%

DUOL opened at $132.34 on Tuesday. The business has a 50 day moving average of $117.11 and a 200-day moving average of $120.27. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.97 and a beta of 0.88. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $468.00.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. Duolingo’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DUOL shares. DA Davidson reiterated a “neutral” rating and set a $120.00 price target on shares of Duolingo in a research note on Monday, June 29th. UBS Group restated a “neutral” rating on shares of Duolingo in a report on Wednesday, June 17th. Weiss Ratings raised Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Duolingo in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their price target on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Duolingo has an average rating of “Hold” and an average price target of $170.82.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the transaction, the insider owned 173,401 shares in the company, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the transaction, the insider owned 170,745 shares in the company, valued at approximately $19,150,759.20. The trade was a 0.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,506 shares of company stock worth $1,073,864 in the last ninety days. Insiders own 16.62% of the company’s stock.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.