Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by nVerses Capital LLC

nVerses Capital LLC increased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 33.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 400 shares of the company’s stock after buying an additional 100 shares during the period. nVerses Capital LLC’s holdings in Duolingo were worth $113,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in Duolingo in the 2nd quarter valued at about $32,000. Larson Financial Group LLC bought a new stake in Duolingo in the 2nd quarter valued at about $31,000. GAMMA Investing LLC lifted its position in Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Duolingo in the 2nd quarter valued at about $36,000. Finally, Fifth Third Bancorp bought a new stake in Duolingo in the 2nd quarter valued at about $40,000. 91.59% of the stock is currently owned by institutional investors.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $280.91, for a total transaction of $421,365.00. Following the completion of the sale, the insider now directly owns 138,260 shares of the company’s stock, valued at $38,838,616.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $280.91, for a total transaction of $421,365.00. Following the sale, the insider now owns 138,260 shares in the company, valued at $38,838,616.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.49, for a total transaction of $1,664,900.00. Following the sale, the insider now owns 72 shares in the company, valued at $11,987.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,374 shares of company stock valued at $18,571,912 over the last ninety days. Insiders own 18.30% of the company’s stock.

Duolingo Stock Down 0.5 %

DUOL stock opened at $286.12 on Monday. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $297.56. The firm has a market cap of $12.34 billion, a PE ratio of 294.97 and a beta of 0.79. The firm has a 50 day simple moving average of $243.03 and a 200 day simple moving average of $212.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28.

Duolingo (NASDAQ:DUOL) last released its earnings results 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 10.44% and a return on equity of 9.64%. The business had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same period in the prior year, the business earned $0.08 earnings per share. The business’s quarterly revenue was up 40.6% on a year-over-year basis. Equities research analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on DUOL shares. JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. UBS Group boosted their price target on shares of Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Needham & Company LLC boosted their price target on shares of Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Piper Sandler restated an “overweight” rating and set a $271.00 price target on shares of Duolingo in a research report on Friday, August 30th. Finally, Barclays dropped their price target on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $277.22.

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.