Avory & Company LLC trimmed its stake in Duolingo, Inc. (NYSE:DUOL – Get Rating) by 19.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,466 shares of the company’s stock after selling 10,670 shares during the period. Duolingo accounts for about 3.5% of Avory & Company LLC’s investment portfolio, making the stock its 11th biggest holding. Avory & Company LLC owned about 0.11% of Duolingo worth $4,139,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new stake in Duolingo in the second quarter worth $26,000. Evoke Wealth LLC bought a new position in shares of Duolingo during the second quarter valued at $33,000. Captrust Financial Advisors boosted its position in shares of Duolingo by 620.8% during the first quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock valued at $53,000 after buying an additional 478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Duolingo in the 2nd quarter worth about $111,000. Finally, UBS Group AG lifted its stake in Duolingo by 182.4% during the 2nd quarter. UBS Group AG now owns 2,296 shares of the company’s stock valued at $201,000 after acquiring an additional 1,483 shares during the period. 63.16% of the stock is currently owned by hedge funds and other institutional investors.
Duolingo Price Performance
Shares of DUOL stock opened at $80.12 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.29 and a quick ratio of 4.29. The company has a market capitalization of $3.18 billion, a P/E ratio of -49.76 and a beta of -0.29. The company’s 50-day simple moving average is $71.89 and its two-hundred day simple moving average is $86.90. Duolingo, Inc. has a one year low of $60.50 and a one year high of $113.36.
Duolingo (NYSE:DUOL – Get Rating) last issued its earnings results on Thursday, November 10th. The company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.13. Duolingo had a negative return on equity of 12.06% and a negative net margin of 18.65%. The business had revenue of $96.07 million during the quarter, compared to analyst estimates of $95.15 million. As a group, equities analysts anticipate that Duolingo, Inc. will post -1.66 EPS for the current year.
Insider Buying and Selling at Duolingo
In other news, CFO Matthew Skaruppa sold 14,000 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $85.93, for a total transaction of $1,203,020.00. Following the transaction, the chief financial officer now directly owns 51,538 shares in the company, valued at $4,428,660.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Matthew Skaruppa sold 14,000 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $85.93, for a total transaction of $1,203,020.00. Following the completion of the sale, the chief financial officer now directly owns 51,538 shares in the company, valued at approximately $4,428,660.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $81.81, for a total value of $818,100.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $5,890.32. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 208,082 shares of company stock valued at $15,005,337 and have sold 46,650 shares valued at $3,698,914. Insiders own 22.12% of the company’s stock.
Analyst Upgrades and Downgrades
DUOL has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on shares of Duolingo from $130.00 to $135.00 in a research report on Friday, November 11th. Raymond James cut their price objective on shares of Duolingo from $111.00 to $109.00 and set an “outperform” rating for the company in a research report on Friday, November 11th. Piper Sandler cut their target price on Duolingo from $119.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, January 3rd. Barclays lowered their price target on Duolingo from $102.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, November 11th. Finally, Bank of America reduced their price objective on shares of Duolingo from $130.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.33.
Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.
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