Versor Investments LP Takes $321,000 Position in Duolingo, Inc. (NASDAQ:DUOL)

Versor Investments LP bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,137 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors also recently modified their holdings of DUOL. Lisanti Capital Growth LLC raised its position in Duolingo by 17.8% in the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after purchasing an additional 1,760 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Duolingo by 14.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 3,181 shares of the company’s stock worth $897,000 after purchasing an additional 413 shares during the last quarter. Long Walk Management LP raised its position in Duolingo by 95.5% in the 3rd quarter. Long Walk Management LP now owns 74,300 shares of the company’s stock worth $20,954,000 after purchasing an additional 36,300 shares during the last quarter. Covestor Ltd raised its position in Duolingo by 34.0% in the 3rd quarter. Covestor Ltd now owns 1,087 shares of the company’s stock worth $307,000 after purchasing an additional 276 shares during the last quarter. Finally, Atria Investments Inc bought a new position in Duolingo in the 3rd quarter worth approximately $279,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of DUOL stock opened at $307.32 on Friday. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $330.61. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 167.93 and a beta of 0.79. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $281.68 and a 200-day moving average of $224.96.

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

Insider Activity

In related news, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the transaction, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,417,183.12. This represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock valued at $15,802,382 in the last quarter. Company insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays lifted their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Finally, Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $331.33.

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.