AGF Management Ltd. Decreases Stake in Duolingo, Inc. (NASDAQ:DUOL)

AGF Management Ltd. lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 355,781 shares of the company’s stock after selling 4,897 shares during the period. AGF Management Ltd.’s holdings in Duolingo were worth $74,241,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. lifted its holdings in Duolingo by 5.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after acquiring an additional 55 shares during the period. 9258 Wealth Management LLC increased its position in shares of Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after purchasing an additional 65 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Duolingo by 19.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock worth $109,000 after purchasing an additional 85 shares during the period. Strategic Advocates LLC boosted its holdings in shares of Duolingo by 8.3% in the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock worth $240,000 after buying an additional 88 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of Duolingo by 19.8% in the 1st quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock worth $169,000 after buying an additional 127 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wolfe Research initiated coverage on shares of Duolingo in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. JMP Securities restated a “market outperform” rating and issued a $260.00 target price on shares of Duolingo in a research note on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price target on Duolingo from $275.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. DA Davidson reissued a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a report on Tuesday. Finally, Bank of America raised shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $237.40.

Insider Buying and Selling at Duolingo

In related news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the transaction, the insider now owns 144,282 shares of the company’s stock, valued at $23,341,941.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $215.00, for a total transaction of $215,000.00. The disclosure for this sale can be found here. Insiders sold a total of 92,555 shares of company stock valued at $18,302,871 in the last three months. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Up 0.0 %

Shares of NASDAQ DUOL opened at $217.11 on Wednesday. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The company has a market cap of $9.36 billion, a P/E ratio of 223.82 and a beta of 0.75. Duolingo, Inc. has a 52 week low of $140.16 and a 52 week high of $251.30. The business has a 50-day simple moving average of $190.73 and a two-hundred day simple moving average of $202.25.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. Duolingo’s revenue was up 40.6% compared to the same quarter last year. During the same period last year, the business earned $0.08 earnings per share. Research analysts anticipate that Duolingo, Inc. will post 1.87 earnings per share 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.