Baader Bank Aktiengesellschaft Purchases Shares of 15,000 Duolingo, Inc. $DUOL

Baader Bank Aktiengesellschaft acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,000 shares of the company’s stock, valued at approximately $1,479,000.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC raised its position in shares of Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after acquiring an additional 165 shares in the last quarter. EFG International AG bought a new stake in shares of Duolingo during the fourth quarter valued at approximately $26,000. AlphaCentric Advisors LLC purchased a new stake in Duolingo in the fourth quarter worth $33,000. Banque Cantonale Vaudoise raised its holdings in Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 115 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Duolingo in the fourth quarter worth $43,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Performance

Shares of DUOL stock opened at $133.89 on Tuesday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average price of $119.52 and a 200-day moving average price of $118.56. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $468.00. The firm has a market capitalization of $6.24 billion, a PE ratio of 15.41, a P/E/G ratio of 1.03 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, equities research analysts expect that Duolingo, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of recent research reports. DA Davidson reaffirmed a “neutral” rating and issued a $120.00 target price on shares of Duolingo in a research report on Monday, June 29th. Jefferies Financial Group boosted their price objective on shares of Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Evercore set a $97.00 price objective on shares of Duolingo in a report on Tuesday, May 5th. KeyCorp reiterated a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. Finally, Morgan Stanley boosted their price target on Duolingo from $95.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Duolingo currently has a consensus rating of “Hold” and an average price target of $167.17.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 3,360 shares of Duolingo stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares of the company’s stock, valued at $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the transaction, the general counsel directly owned 52,807 shares in the company, valued at approximately $5,999,403.27. This represents a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,506 shares of company stock worth $1,073,864 in the last ninety days. Insiders own 16.62% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.