Emerald Mutual Fund Advisers Trust Takes $40,000 Position in Duolingo, Inc. $DUOL

Emerald Mutual Fund Advisers Trust acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, Holdings Channel reports. The firm acquired 98 shares of the company’s stock, valued at approximately $40,000.

A number of other large investors also recently added to or reduced their stakes in DUOL. Jefferies Financial Group Inc. purchased a new position in shares of Duolingo in the first quarter worth $3,772,000. Hsbc Holdings PLC lifted its holdings in shares of Duolingo by 39.0% in the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock worth $995,000 after buying an additional 894 shares in the last quarter. Encompass More Asset Management purchased a new stake in Duolingo in the 1st quarter worth $762,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Duolingo by 965.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,882 shares of the company’s stock worth $2,822,000 after purchasing an additional 6,236 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in Duolingo by 563.7% in the 1st quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock worth $32,511,000 after purchasing an additional 88,918 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Performance

NASDAQ:DUOL opened at $262.82 on Friday. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93. The firm has a market capitalization of $12.04 billion, a PE ratio of 108.16, a PEG ratio of 1.80 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The stock’s fifty day moving average is $306.86 and its 200 day moving average is $380.08.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 41.5% on a year-over-year basis. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Natalie Glance sold 3,283 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares in the company, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Meese sold 1,444 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $475,119.32. Following the completion of the sale, the insider owned 120,080 shares in the company, valued at approximately $39,509,922.40. The trade was a 1.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 83,791 shares of company stock worth $26,462,201 over the last three months. 15.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup decreased their target price on Duolingo from $400.00 to $375.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. JPMorgan Chase & Co. decreased their price objective on Duolingo from $515.00 to $465.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Zacks Research cut Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. JMP Securities decreased their price target on shares of 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 shares of Duolingo in a research note on Monday, September 8th. They set an “underweight” rating and a $239.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $414.05.

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.