Mutual of America Capital Management LLC Acquires Shares of 21,176 Duolingo, Inc. (NASDAQ:DUOL)

Mutual of America Capital Management LLC bought a new position in Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,176 shares of the company’s stock, valued at approximately $4,419,000.

A number of other hedge funds have also made changes to their positions in DUOL. Blue Trust Inc. bought a new position in shares of Duolingo in the second quarter valued at approximately $32,000. Larson Financial Group LLC acquired a new position in Duolingo in the second quarter worth $31,000. GAMMA Investing LLC grew its holdings in shares of Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Duolingo in the second quarter valued at $40,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Duolingo in the second quarter valued at $42,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price target on the stock in a research report on Friday, July 26th. JMP Securities reissued a “market outperform” rating and set a $260.00 price target on shares of Duolingo in a research note on Wednesday, July 10th. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Needham & Company LLC lowered their target price on Duolingo from $267.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $250.00 price target on shares of Duolingo in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.40.

Duolingo Trading Up 1.6 %

NASDAQ:DUOL opened at $268.34 on Friday. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 276.64 and a beta of 0.76. The business’s 50-day moving average price is $198.82 and its two-hundred day moving average price is $204.06. Duolingo, Inc. has a 1-year low of $140.16 and a 1-year high of $270.28.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. Duolingo’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS. On average, equities analysts expect that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 19,464 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares of the company’s stock, valued at approximately $7,522,294.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Stephen C. Chen sold 19,464 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares of the company’s stock, valued at $7,522,294.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Meese sold 4,819 shares of Duolingo stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total value of $1,156,656.38. Following the transaction, the insider now owns 157,053 shares in the company, valued at approximately $37,695,861.06. The disclosure for this sale can be found here. Insiders sold a total of 97,374 shares of company stock worth $19,459,527 in the last quarter. Corporate insiders own 18.30% of the company’s stock.

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.