Duolingo, Inc. (NASDAQ:DUOL) Position Lifted by PDT Partners LLC

PDT Partners LLC raised its stake in Duolingo, Inc. (NASDAQ:DUOL) by 28.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,200 shares of the company’s stock after purchasing an additional 492 shares during the period. PDT Partners LLC’s holdings in Duolingo were worth $620,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dragoneer Investment Group LLC bought a new stake in Duolingo in the second quarter valued at about $204,768,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after acquiring an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC lifted its stake in Duolingo by 17.8% during the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after purchasing an additional 1,760 shares during the last quarter. State of Michigan Retirement System acquired a new position in Duolingo in the second quarter worth $1,857,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DUOL shares. Barclays raised their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Needham & Company LLC raised their target price on Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research note 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 data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

Duolingo Stock Performance

DUOL stock opened at $346.52 on Tuesday. The company has a 50-day simple moving average of $302.18 and a 200 day simple moving average of $233.86. The company has a market capitalization of $15.24 billion, a P/E ratio of 189.36 and a beta of 0.79. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $364.95.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping 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 company had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same period in the prior year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 39.9% compared to the same quarter last year. Sell-side analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the sale, the insider now directly owns 142,053 shares in the company, valued at approximately $40,490,787.12. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares in the company, valued at approximately $29,001,597.60. This trade represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,319 shares of company stock valued at $5,134,526. 18.30% of the stock is owned by corporate insiders.

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.