Duolingo, Inc. $DUOL Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 33.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,002 shares of the company’s stock after acquiring an additional 6,000 shares during the period. SteelPeak Wealth LLC owned approximately 0.05% of Duolingo worth $2,366,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its holdings in shares of Duolingo by 194.1% during the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after purchasing an additional 165 shares during the period. EFG International AG acquired a new stake in Duolingo in the fourth quarter worth about $26,000. AlphaCentric Advisors LLC acquired a new stake in Duolingo in the fourth quarter worth about $33,000. Banque Cantonale Vaudoise grew its position in Duolingo by 51.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 115 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Duolingo in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of Duolingo stock opened at $133.85 on Friday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $118.95 and its two-hundred day moving average price is $119.29. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $468.00. The stock has a market cap of $6.24 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.00 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.10. The company had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $94.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday. DA Davidson reiterated a “neutral” rating and issued a $120.00 price objective on shares of Duolingo in a report on Monday, June 29th. Morgan Stanley raised their price objective on shares of Duolingo from $95.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group boosted their target price on Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $167.17.

Insider Activity at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $159,267.20. Following the transaction, the insider owned 170,745 shares in the company, valued at approximately $19,150,759.20. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the transaction, the general counsel directly owned 52,807 shares in the company, valued at $5,999,403.27. This represents a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,506 shares of company stock valued at $1,073,864 over the last ninety days. Insiders own 16.62% of the company’s stock.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.