Citigroup Inc. Increases Stock Position in Duolingo, Inc. $DUOL

Citigroup Inc. grew its stake in Duolingo, Inc. (NASDAQ:DUOL) by 129.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 197,052 shares of the company’s stock after buying an additional 111,310 shares during the quarter. Citigroup Inc.’s holdings in Duolingo were worth $80,795,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Rise Advisors LLC lifted its holdings in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the last quarter. Summit Securities Group LLC bought a new stake in Duolingo during the first quarter worth about $28,000. Brooklyn Investment Group boosted its holdings in shares of Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares in the last quarter. Kiker Wealth Management LLC bought a new position in shares of Duolingo during the 2nd quarter valued at about $31,000. Finally, SouthState Corp raised its holdings in shares of Duolingo by 1,018.2% during the 1st quarter. SouthState Corp now owns 123 shares of the company’s stock valued at $38,000 after buying an additional 112 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In related news, CFO Matthew Skaruppa sold 10,937 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the completion of the transaction, the chief financial officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Meese sold 1,444 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $177.95, for a total value of $256,959.80. Following the completion of the sale, the insider directly owned 123,636 shares of the company’s stock, valued at $22,001,026.20. The trade was a 1.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 67,179 shares of company stock worth $19,810,096. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DUOL shares. JMP Securities cut their target price on Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research note on Monday, July 28th. Robert W. Baird started coverage on shares of Duolingo in a report on Friday, September 5th. They issued a “neutral” rating and a $280.00 price objective for the company. Needham & Company LLC reduced their target price on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Barclays lowered their price target on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Duolingo in a research report on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $340.53.

Duolingo Trading Down 1.6%

Shares of DUOL opened at $175.45 on Wednesday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 22.24, a PEG ratio of 1.13 and a beta of 0.83. Duolingo, Inc. has a twelve month low of $172.88 and a twelve month high of $544.93. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $284.57 and a two-hundred day simple moving average of $366.40.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, beating the consensus estimate of $0.72 by $5.23. The firm had revenue of $271.71 million during the quarter, compared to the consensus estimate of $260.14 million. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts anticipate 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.