FORA Capital LLC Takes $4.39 Million Position in Duolingo, Inc. $DUOL

FORA Capital LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,695 shares of the company’s stock, valued at approximately $4,385,000.

Several other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC grew its stake in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Duolingo by 20.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company’s stock valued at $48,000 after buying an additional 26 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Duolingo by 16.3% during the second quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock worth $76,000 after acquiring an additional 26 shares in the last quarter. US Bancorp DE grew its position in shares of Duolingo by 1.4% in the second quarter. US Bancorp DE now owns 1,968 shares of the company’s stock valued at $807,000 after purchasing an additional 28 shares in the last quarter. Finally, New York Life Investment Management LLC raised its stake in shares of Duolingo by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock valued at $1,668,000 after purchasing an additional 30 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 2,471 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $175.79, for a total transaction of $434,377.09. Following the transaction, the insider directly owned 111,166 shares in the company, valued at $19,541,871.14. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Meese sold 1,444 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $177.95, for a total transaction of $256,959.80. Following the completion of the sale, the insider owned 123,636 shares of the company’s stock, valued at approximately $22,001,026.20. The trade was a 1.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 76,452 shares of company stock valued at $18,736,132 over the last 90 days. Company insiders own 15.67% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several analyst reports. Raymond James Financial restated a “market perform” rating on shares of Duolingo in a research note on Tuesday, August 26th. Morgan Stanley set a $300.00 target price on shares of Duolingo in a report on Thursday, November 6th. The Goldman Sachs Group cut their price target on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Scotiabank decreased their price target on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 6th. Finally, Baird R W upgraded Duolingo to a “hold” rating in a research report on Friday, September 5th. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Duolingo has a consensus rating of “Hold” and a consensus target price of $329.44.

Duolingo Stock Down 2.3%

DUOL opened at $196.28 on Friday. The business’s fifty day simple moving average is $242.89 and its 200 day simple moving average is $326.03. Duolingo, Inc. has a 52 week low of $166.27 and a 52 week high of $544.93. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The stock has a market cap of $9.07 billion, a PE ratio of 24.88, a P/E/G ratio of 1.23 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $5.23. The firm had revenue of $271.71 million during the quarter, compared to analysts’ expectations of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. As a group, research analysts expect that Duolingo, Inc. will post 2.03 earnings per share 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.