Strs Ohio Increases Stock Position in Duolingo, Inc. $DUOL

Strs Ohio raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 532.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,086 shares of the company’s stock after buying an additional 12,702 shares during the quarter. Strs Ohio’s holdings in Duolingo were worth $6,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DUOL. Rise Advisors LLC lifted its position in Duolingo by 43.6% during the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after buying an additional 24 shares during the period. Summit Securities Group LLC purchased a new position in Duolingo during the first quarter valued at $28,000. Brooklyn Investment Group raised its position in shares of Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the last quarter. Kiker Wealth Management LLC purchased a new position in shares of Duolingo in the 2nd quarter worth about $31,000. Finally, Whittier Trust Co. purchased a new position in shares of Duolingo in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DUOL. Citizens Jmp lowered their price target on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating for the company in a research report on Monday, July 28th. Wells Fargo & Company began coverage on Duolingo in a research report on Monday, September 8th. They issued an “underweight” rating and a $239.00 price target for the company. Citigroup lowered their price target on Duolingo from $400.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Barclays lifted their price target on Duolingo from $375.00 to $390.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $460.00 price target on shares of Duolingo in a research report on Wednesday, September 17th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $414.05.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,444 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $475,119.32. Following the completion of the sale, the insider directly owned 120,080 shares in the company, valued at $39,509,922.40. The trade was a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 10,937 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer owned 43,345 shares of the company’s stock, valued at approximately $13,757,269.55. This represents a 20.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 83,791 shares of company stock worth $26,462,201. 18.30% of the stock is owned by corporate insiders.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $270.64 on Monday. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93. The business has a 50-day simple moving average of $305.64 and a two-hundred day simple moving average of $380.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 111.37, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The business had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. During the same quarter in the previous year, the firm earned $0.51 EPS. Duolingo’s revenue was up 41.5% on a year-over-year basis. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current 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.