Magnetar Financial LLC Buys Shares of 21,483 Duolingo, Inc. $DUOL

Magnetar Financial LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,483 shares of the company’s stock, valued at approximately $8,808,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Duolingo by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after acquiring an additional 116,135 shares in the last quarter. Invesco Ltd. increased its holdings in Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock worth $418,073,000 after purchasing an additional 261,212 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after purchasing an additional 520,069 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Duolingo by 3.2% during the second quarter. Geode Capital Management LLC now owns 759,956 shares of the company’s stock valued at $311,930,000 after purchasing an additional 23,356 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Duolingo by 23.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company’s stock valued at $66,640,000 after purchasing an additional 40,812 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DUOL. Evercore ISI set a $330.00 price objective on Duolingo and gave the company an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Duolingo in a report on Wednesday. Barclays decreased their price target on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Citigroup lowered shares of Duolingo from a “buy” rating to a “market perform” rating in a report on Thursday, November 6th. Finally, Needham & Company LLC reduced their price objective on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $340.53.

Insider Activity

In related news, CFO Matthew Skaruppa sold 3,059 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the completion of the sale, the chief financial officer owned 37,487 shares of the company’s stock, valued at $6,588,715.12. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 1,514 shares of Duolingo stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total value of $266,267.18. Following the completion of the sale, the general counsel owned 31,542 shares of the company’s stock, valued at approximately $5,547,291.54. The trade was a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 98,904 shares of company stock worth $25,379,787. 15.67% of the stock is owned by insiders.

Duolingo Stock Down 3.7%

Duolingo stock opened at $168.01 on Friday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.10 and a beta of 0.83. Duolingo, Inc. has a 52-week low of $166.27 and a 52-week high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a 50 day moving average price of $279.51 and a two-hundred day moving average price of $363.68.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The company had revenue of $271.71 million during the quarter, compared to analysts’ expectations of $260.14 million. During the same period in the prior year, the company posted $0.49 earnings per share. Duolingo’s revenue for the quarter was up 41.1% compared to the same quarter last year. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Duolingo Company 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.