Raymond James Financial Inc. Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Raymond James Financial Inc. acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 20,594 shares of the company’s stock, valued at approximately $6,677,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of Duolingo in the 3rd quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo in the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo in the 3rd quarter worth approximately $29,000. Global Retirement Partners LLC raised its position in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after acquiring an additional 113 shares in the last quarter. Finally, Smithfield Trust Co raised its position in shares of Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock worth $51,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DUOL. Barclays increased their target price on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Piper Sandler raised their price objective on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. DA Davidson raised their price objective on Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Finally, UBS Group set a $400.00 price objective on Duolingo in a research report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.25.

Duolingo Stock Performance

DUOL stock opened at $309.30 on Monday. The company has a market cap of $13.99 billion, a P/E ratio of 169.02 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock’s fifty day moving average price is $347.58 and its 200-day moving average price is $320.47.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Transactions at Duolingo

In related news, Director Gillian Munson sold 5,000 shares of Duolingo stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the transaction, the director now directly owns 3,530 shares in the company, valued at approximately $1,094,300. The trade was a 58.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,499 shares of company stock worth $32,677,268 in the last ninety days. Insiders own 18.30% of the company’s stock.

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.