59,504 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,504 shares of the company’s stock, valued at approximately $16,559,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DUOL. Tidal Investments LLC grew its holdings in shares of Duolingo by 30.9% in the first quarter. Tidal Investments LLC now owns 4,360 shares of the company’s stock valued at $962,000 after purchasing an additional 1,030 shares during the period. GAMMA Investing LLC increased its holdings in shares of 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. Strategic Advocates LLC raised its position in shares of Duolingo by 8.3% during the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock valued at $240,000 after buying an additional 88 shares during the period. Renaissance Capital LLC lifted its holdings in Duolingo by 70.7% in the second quarter. Renaissance Capital LLC now owns 32,961 shares of the company’s stock valued at $6,878,000 after acquiring an additional 13,655 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Duolingo by 109.2% in the second quarter. SG Americas Securities LLC now owns 7,615 shares of the company’s stock worth $1,589,000 after acquiring an additional 3,975 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler lifted their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays upped their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. UBS Group lifted their price target on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. The Goldman Sachs Group boosted their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC increased their price objective on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five investment 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, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.33.

Duolingo Trading Up 0.2 %

Shares of DUOL stock opened at $348.27 on Monday. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $364.95. The company has a 50 day moving average price of $302.18 and a 200 day moving average price of $233.46. The stock has a market capitalization of $15.32 billion, a P/E ratio of 190.31 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

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

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 14,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the completion of the sale, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,432,288.64. This represents a 13.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,319 shares of company stock valued at $8,038,686 in the last three months. 18.30% of the stock is 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.