7,207 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by FORA Capital LLC

FORA Capital LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,207 shares of the company’s stock, valued at approximately $2,033,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dragoneer Investment Group LLC bought a new stake in Duolingo in the second quarter valued at approximately $204,768,000. FMR LLC lifted its position in shares of Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after purchasing an additional 564,173 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after purchasing an additional 353,918 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in shares of Duolingo during the second quarter worth $26,919,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Transactions at Duolingo

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 of the company’s stock, valued at $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now directly owns 35,558 shares of the company’s stock, valued at $7,522,294.90. The trade was a 35.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,783 shares of company stock valued at $12,156,296 over the last three months. Corporate insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. DA Davidson upped their target price on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Finally, Piper Sandler raised their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, six 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 target price of $331.33.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $347.64 on Thursday. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $364.95. The stock’s 50 day moving average is $296.96 and its 200-day moving average is $230.29. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 189.97 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same quarter in the previous year, the business posted $0.06 EPS. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. Sell-side analysts forecast that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Duolingo 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.