FSC Wealth Advisors LLC Acquires New Shares in Duolingo, Inc. (NASDAQ:DUOL)

FSC Wealth Advisors LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 182 shares of the company’s stock, valued at approximately $59,000.

Other large investors also recently bought and sold shares of the company. FMR LLC raised its position in Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after acquiring an additional 564,173 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after purchasing an additional 353,918 shares in the last quarter. Spyglass Capital Management LLC purchased a new position in shares of Duolingo during the 3rd quarter worth approximately $38,512,000. Charles Schwab Investment Management Inc. raised its position in shares of Duolingo by 42.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Finally, Bamco Inc. NY purchased a new stake in Duolingo in the 3rd quarter valued at approximately $25,808,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DUOL shares. Piper Sandler boosted their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group boosted their target price on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Scotiabank initiated coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. Finally, DA Davidson raised their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Trading Down 0.5 %

DUOL stock opened at $326.82 on Tuesday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 178.59 and a beta of 0.87. The business has a fifty day simple moving average of $339.52 and a 200-day simple moving average of $275.52. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $378.48.

Duolingo (NASDAQ:DUOL) last announced 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 company had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 281,124 shares of company stock valued at $95,033,738 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.

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.