Nisa Investment Advisors LLC Raises Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Nisa Investment Advisors LLC increased its position in Duolingo, Inc. (NASDAQ:DUOL) by 19.5% in the 2nd quarter, Holdings Channel reports. The firm owned 520 shares of the company’s stock after buying an additional 85 shares during the period. Nisa Investment Advisors LLC’s holdings in Duolingo were worth $109,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Discovery Value Fund purchased a new stake in Duolingo in the fourth quarter valued at approximately $27,000. Blue Trust Inc. purchased a new stake in Duolingo in the 2nd quarter valued at $32,000. GAMMA Investing LLC boosted its stake in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Duolingo during the 4th quarter worth $73,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Duolingo during the 4th quarter worth $106,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Duolingo news, CEO Ahn Luis Von sold 1,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $193.53, for a total value of $290,295.00. Following the completion of the transaction, the insider now owns 147,282 shares of the company’s stock, valued at approximately $28,503,485.46. The disclosure for this sale can be found here. Insiders have sold 59,091 shares of company stock valued at $11,260,132 in the last quarter. 18.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUOL has been the subject of several recent research reports. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their price objective on Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. JMP Securities reissued a “market outperform” rating and issued a $260.00 target price on shares of Duolingo in a report on Wednesday, July 10th. Piper Sandler increased their price target on Duolingo from $265.00 to $271.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Barclays dropped their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $237.40.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $212.57 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22. Duolingo, Inc. has a one year low of $130.90 and a one year high of $251.30. The firm has a market capitalization of $9.17 billion, a P/E ratio of 219.14 and a beta of 0.72. The company’s fifty day moving average is $189.59 and its two-hundred day moving average is $199.92.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The firm had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. During the same quarter last year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. Analysts forecast that Duolingo, Inc. will post 1.74 EPS for the current fiscal year.

About Duolingo

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.