Regatta Capital Group LLC Takes Position in Duolingo, Inc. $DUOL

Regatta Capital Group LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 616 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds have also made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new position in shares of Duolingo in the first quarter valued at $3,772,000. Hsbc Holdings PLC boosted its stake in shares of Duolingo by 39.0% during the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock valued at $995,000 after acquiring an additional 894 shares during the last quarter. Encompass More Asset Management acquired a new stake in shares of Duolingo during the first quarter valued at $762,000. Jump Financial LLC boosted its stake in shares of Duolingo by 563.7% during the first quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock valued at $32,511,000 after acquiring an additional 88,918 shares during the last quarter. Finally, Silvant Capital Management LLC acquired a new stake in shares of Duolingo during the first quarter valued at $1,946,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DUOL shares. Barclays increased their price objective on Duolingo from $375.00 to $390.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. KeyCorp raised Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price objective on the stock in a research note on Monday, August 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $460.00 price objective on shares of Duolingo in a research note on Wednesday, September 17th. JMP Securities decreased their price objective on Duolingo from $475.00 to $450.00 and set a “market outperform” rating on the stock in a research note on Monday, July 28th. Finally, Wells Fargo & Company assumed coverage on Duolingo in a research note on Monday, September 8th. They set an “underweight” rating and a $239.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $419.32.

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,515 shares of Duolingo stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total value of $486,860.40. Following the transaction, the general counsel directly owned 32,638 shares of the company’s stock, valued at $10,488,547.68. The trade was a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the completion of the transaction, the chief financial officer directly owned 43,345 shares in the company, valued at $13,757,269.55. This represents a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,508 shares of company stock valued at $26,605,621. 15.67% of the stock is currently owned by company insiders.

Duolingo Stock Up 4.1%

Shares of NASDAQ:DUOL opened at $313.49 on Friday. The stock’s 50-day moving average price is $322.55 and its two-hundred day moving average price is $378.38. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. Duolingo, Inc. has a 12-month low of $256.63 and a 12-month high of $544.93. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 129.01, a PEG ratio of 2.01 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. During the same period last year, the company earned $0.51 EPS. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. On average, research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Duolingo Company 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.