RIA Advisory Group LLC Buys New Stake in Duolingo, Inc. (NASDAQ:DUOL)

RIA Advisory Group LLC bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,478 shares of the company’s stock, valued at approximately $1,243,000.

Several other large investors have also recently bought and sold shares of the business. Bamco Inc. NY purchased a new position in shares of Duolingo during the third quarter worth about $39,000. FSC Wealth Advisors LLC purchased a new position in shares of Duolingo during the fourth quarter worth about $39,000. Captrust Financial Advisors grew its holdings in shares of Duolingo by 620.8% during the first quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock worth $53,000 after buying an additional 478 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Duolingo during the fourth quarter worth about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Duolingo during the second quarter worth about $111,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity

In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the sale, the insider now owns 72 shares in the company, valued at $12,860.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.62, for a total value of $1,786,200.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $12,860.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 2,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $190.00, for a total transaction of $380,000.00. Following the completion of the transaction, the general counsel now owns 35,033 shares of the company’s stock, valued at $6,656,270. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,223 shares of company stock worth $23,682,665. 19.85% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on DUOL. UBS Group raised their price target on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. initiated coverage on Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective on the stock. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Piper Sandler lifted their price objective on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Needham & Company LLC lifted their price objective on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $245.13.

Duolingo Trading Down 2.4 %

DUOL stock traded down $4.91 during midday trading on Friday, hitting $200.15. The stock had a trading volume of 6,530,990 shares, compared to its average volume of 727,609. The firm has a market cap of $8.58 billion, a PE ratio of 603.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. Duolingo, Inc. has a 12-month low of $116.82 and a 12-month high of $245.87. The company’s 50-day moving average price is $209.73 and its 200 day moving average price is $200.98.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The firm had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. On average, equities research analysts predict that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

Duolingo Company 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.