HighTower Advisors LLC Sells 582 Shares of Duolingo, Inc. (NASDAQ:DUOL)

HighTower Advisors LLC decreased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 28.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,467 shares of the company’s stock after selling 582 shares during the quarter. HighTower Advisors LLC’s holdings in Duolingo were worth $411,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. True Wealth Design LLC bought a new stake in Duolingo during the third quarter worth about $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo during the 3rd quarter worth approximately $29,000. Larson Financial Group LLC acquired a new stake in shares of Duolingo in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. bought a new stake in shares of Duolingo in the 2nd quarter valued at about $32,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Duolingo during the 2nd quarter worth approximately $36,000. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DUOL shares. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. The Goldman Sachs Group lifted their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson raised their target price on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Scotiabank assumed coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target for the company. Finally, Piper Sandler upped their target price on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $353.90.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $280.91, for a total value of $421,365.00. Following the transaction, the insider now owns 138,260 shares of the company’s stock, valued at approximately $38,838,616.60. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 250,160 shares of company stock worth $84,588,416 in the last 90 days. Insiders own 18.30% of the company’s stock.

Duolingo Stock Up 2.1 %

DUOL stock opened at $342.12 on Friday. The company has a market cap of $15.05 billion, a P/E ratio of 186.95 and a beta of 0.85. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The stock’s 50 day simple moving average is $322.88 and its 200 day simple moving average is $250.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same period in the previous year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. On average, research analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

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.