Duolingo, Inc. (NASDAQ:DUOL) Position Reduced by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 35.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,194 shares of the company’s stock after selling 4,962 shares during the period. Quantbot Technologies LP’s holdings in Duolingo were worth $2,028,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Discovery Value Fund bought a new position in Duolingo in the fourth quarter worth $27,000. FSC Wealth Advisors LLC acquired a new stake in Duolingo in the fourth quarter worth about $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Duolingo during the fourth quarter worth about $73,000. Harvest Fund Management Co. Ltd bought a new position in Duolingo during the fourth quarter worth about $92,000. Finally, Kapitalo Investimentos Ltda bought a new position in Duolingo during the fourth quarter worth about $106,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of NASDAQ:DUOL traded down $2.27 during midday trading on Friday, reaching $190.30. 492,207 shares of the company traded hands, compared to its average volume of 780,960. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. Duolingo, Inc. has a 12 month low of $121.89 and a 12 month high of $251.30. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 196.19 and a beta of 0.73. The firm’s fifty day moving average price is $197.50 and its two-hundred day moving average price is $204.61.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.30 by $0.27. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The business had revenue of $167.70 million during the quarter, compared to analysts’ expectations of $165.60 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The firm’s revenue was up 44.9% on a year-over-year basis. On average, equities analysts expect that Duolingo, Inc. will post 1.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DUOL. Needham & Company LLC lifted their price objective on Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price target (down previously from $282.00) on shares of Duolingo in a research report on Friday, May 10th. DA Davidson started coverage on Duolingo in a report on Thursday, June 13th. They set a “buy” rating and a $250.00 target price on the stock. Barclays decreased their target price on Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Finally, JMP Securities restated a “market outperform” rating and issued a $260.00 price target on shares of Duolingo in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $246.70.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $223.47, for a total value of $2,234,700.00. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $16,089.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $223.47, for a total transaction of $2,234,700.00. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $16,089.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ahn Luis Von sold 12,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $223.51, for a total value of $2,682,120.00. The disclosure for this sale can be found here. Insiders sold 56,198 shares of company stock worth $11,929,033 in the last ninety days. 18.30% of the stock is owned by company insiders.

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.