FORA Capital LLC Takes $2.03 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

FORA Capital LLC purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,207 shares of the company’s stock, valued at approximately $2,033,000.

A number of other institutional investors have also recently bought and sold shares of DUOL. Mount Lucas Management LP lifted its position in shares of Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after buying an additional 32 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Duolingo by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after purchasing an additional 32 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after purchasing an additional 73 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Duolingo by 19.5% in the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Down 1.7 %

DUOL opened at $347.64 on Thursday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $364.95. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 189.97 and a beta of 0.79. The company has a 50-day simple moving average of $296.96 and a 200 day simple moving average of $230.29.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company’s revenue was up 39.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Analysts predict that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Insider Activity

In other news, CFO Matthew Skaruppa sold 14,000 shares of Duolingo stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,432,288.64. This trade represents a 13.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at $7,522,294.90. This represents a 35.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,783 shares of company stock worth $12,156,296. Corporate insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DUOL shares. DA Davidson lifted their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group boosted their price objective on Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Bank of America increased their price objective on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Five equities 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 stock. According to data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and a consensus price target of $331.33.

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.