Vise Technologies Inc. purchased a new position in Duolingo, Inc. (NASDAQ:DUOL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 574 shares of the company’s stock, valued at approximately $235,000.
Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its stake in Duolingo by 24.1% during the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after purchasing an additional 261,212 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Duolingo by 110.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after buying an additional 520,069 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of Duolingo by 23.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company’s stock valued at $66,640,000 after acquiring an additional 40,812 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Duolingo by 123.8% during the first quarter. AQR Capital Management LLC now owns 201,692 shares of the company’s stock valued at $61,478,000 after acquiring an additional 111,589 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Duolingo in the 1st quarter worth approximately $42,950,000. Institutional investors own 91.59% of the company’s stock.
Duolingo Stock Performance
Shares of DUOL opened at $178.27 on Tuesday. The firm has a market capitalization of $8.24 billion, a P/E ratio of 22.59, a PEG ratio of 1.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. Duolingo, Inc. has a one year low of $175.50 and a one year high of $544.93. The business has a fifty day moving average of $286.53 and a 200 day moving average of $368.58.
Analyst Ratings Changes
Several analysts have commented on DUOL shares. Zacks Research downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen downgraded Duolingo from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Citizens Jmp lowered Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Scotiabank lowered their target price on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Duolingo presently has an average rating of “Hold” and an average price target of $340.53.
Read Our Latest Analysis on DUOL
Insider Buying and Selling at Duolingo
In related news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $288.94, for a total transaction of $2,889,400.00. Following the completion of the sale, the insider directly owned 72 shares in the company, valued at approximately $20,803.68. The trade was a 99.29% 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 Natalie Glance sold 3,283 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 65,735 shares of company stock worth $19,553,136. 18.30% of the stock is owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Duolingo
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Seagate Stock Could Soar as AI Drives Storage Demand
- How to Calculate Options Profits
- Whirlpool’s Worst May Be Over—Upside Opportunity Ahead
- What is the MACD Indicator and How to Use it in Your Trading
- These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This Quarter
Want to see what other hedge funds are holding DUOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duolingo, Inc. (NASDAQ:DUOL – Free Report).
Receive News & Ratings for Duolingo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duolingo and related companies with MarketBeat.com's FREE daily email newsletter.
