Edgestream Partners L.P. Purchases 52,339 Shares of Duolingo, Inc. $DUOL

Edgestream Partners L.P. grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 616.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 60,827 shares of the company’s stock after acquiring an additional 52,339 shares during the period. Edgestream Partners L.P.’s holdings in Duolingo were worth $5,996,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DUOL. Baillie Gifford & Co. lifted its stake in shares of Duolingo by 71.9% in the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after purchasing an additional 2,033,611 shares during the period. State of Michigan Retirement System grew its stake in Duolingo by 112.9% in the first quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company’s stock worth $117,624,000 after purchasing an additional 632,807 shares during the period. FIL Ltd grew its stake in Duolingo by 1,715,575.9% in the fourth quarter. FIL Ltd now owns 497,546 shares of the company’s stock worth $87,319,000 after purchasing an additional 497,517 shares during the period. Norges Bank bought a new position in Duolingo in the fourth quarter worth $86,159,000. Finally, Amundi lifted its position in Duolingo by 1,351.7% during the first quarter. Amundi now owns 449,068 shares of the company’s stock valued at $44,265,000 after buying an additional 418,134 shares during the period. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares in the company, valued at approximately $19,696,619.59. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the transaction, the insider directly owned 170,745 shares of the company’s stock, valued at $19,150,759.20. This trade represents a 0.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,506 shares of company stock worth $1,073,864 in the last quarter. Corporate insiders own 16.62% of the company’s stock.

Duolingo Stock Down 4.7%

Shares of NASDAQ:DUOL opened at $133.60 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 stock has a fifty day simple moving average of $122.77 and a two-hundred day simple moving average of $115.85. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $468.00. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.07 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last released its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $288.60 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 26.5% on a year-over-year basis. On average, research analysts anticipate that Duolingo, Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DUOL. Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of Duolingo in a report on Tuesday. Wedbush initiated coverage on shares of Duolingo in a research note on Thursday, July 16th. They issued a “neutral” rating and a $139.00 price target for the company. Jefferies Financial Group lifted their price target on shares of Duolingo from $95.00 to $125.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Wells Fargo & Company boosted their price objective on shares of Duolingo from $81.00 to $82.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 7th. Finally, UBS Group restated a “neutral” rating on shares of Duolingo in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $152.29.

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.