Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its stake in Duolingo, Inc. (NASDAQ:DUOL) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,374 shares of the company’s stock after buying an additional 3,894 shares during the period. Cerity Partners LLC’s holdings in Duolingo were worth $14,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DUOL. First Horizon Advisors Inc. acquired a new stake in Duolingo during the 3rd quarter worth about $29,000. Larson Financial Group LLC acquired a new stake in shares of Duolingo during the second quarter worth about $31,000. Blue Trust Inc. purchased a new stake in Duolingo in the second quarter valued at approximately $32,000. GAMMA Investing LLC raised its position in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo during the 2nd quarter valued at approximately $36,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Down 1.1 %

Shares of DUOL stock opened at $348.00 on Tuesday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $364.95. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 190.16 and a beta of 0.79. 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 has a 50 day simple moving average of $294.74 and a 200-day simple moving average of $229.12.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, equities research analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DUOL. DA Davidson increased their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Bank of America lifted their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Piper Sandler upped their target price on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Finally, Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $331.33.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Meese sold 4,819 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total value of $1,156,656.38. Following the completion of the sale, the insider now owns 157,053 shares of the company’s stock, valued at approximately $37,695,861.06. The trade was a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,783 shares of company stock valued at $12,156,296 in the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

About Duolingo

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.