Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Duolingo, Inc. (NASDAQ:DUOL) by 35.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 772 shares of the company’s stock after purchasing an additional 202 shares during the quarter. GAMMA Investing LLC’s holdings in Duolingo were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DUOL. Contravisory Investment Management Inc. bought a new position in Duolingo in the 1st quarter worth approximately $25,000. Quarry LP lifted its position in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the period. Harvest Fund Management Co. Ltd lifted its position in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares during the period. Versant Capital Management Inc boosted its stake in Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock valued at $34,000 after purchasing an additional 84 shares in the last quarter. Finally, Smithfield Trust Co increased its position in shares of Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after purchasing an additional 46 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DUOL shares. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. UBS Group reiterated an “overweight” rating on shares of Duolingo in a research report on Thursday, May 22nd. DA Davidson reduced their price objective on shares of Duolingo from $600.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, June 25th. Evercore ISI boosted their target price on shares of Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Piper Sandler set a $375.00 target price on shares of Duolingo in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $443.53.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $471.20, for a total transaction of $4,712,000.00. Following the transaction, the insider directly owned 72 shares in the company, valued at $33,926.40. The trade was a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,000 shares of company stock valued at $29,261,180. Corporate insiders own 15.67% of the company’s stock.

Duolingo Stock Down 0.4%

Shares of Duolingo stock opened at $395.39 on Friday. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The company has a market cap of $17.97 billion, a P/E ratio of 194.78, a P/E/G ratio of 3.04 and a beta of 0.89. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $477.01 and a 200 day moving average price of $386.30.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. As a group, analysts expect that Duolingo, Inc. will post 2.03 EPS 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.