Wedmont Private Capital Invests $435,000 in Duolingo, Inc. $DUOL

Wedmont Private Capital purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the second quarter, Holdings Channel.com reports. The firm purchased 3,485 shares of the company’s stock, valued at approximately $435,000.

Several other hedge funds have also made changes to their positions in the company. EFG International AG acquired a new position in Duolingo in the 4th quarter worth approximately $26,000. Globeflex Capital L P purchased a new position in Duolingo during the 2nd quarter worth approximately $77,000. AlphaCentric Advisors LLC acquired a new stake in Duolingo during the 4th quarter valued at $33,000. Banque Cantonale Vaudoise acquired a new stake in Duolingo during the 3rd quarter valued at $70,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Duolingo in the second quarter valued at $89,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DUOL. Bank of America cut Duolingo from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $103.00 to $93.00 in a research report on Tuesday, August 4th. Craig Hallum lowered Duolingo to a “hold” rating in a research report on Tuesday, August 18th. Citigroup raised Duolingo from a “hold” rating to a “buy” rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded Duolingo from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, KeyCorp raised Duolingo from a “hold” rating to an “overweight” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $124.38.

Key Duolingo News

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: Duolingo received substantial publicity after Apple named its new foldable iPhone “iPhone Duo.” Duolingo’s playful social-media response, including exchanges with Samsung, generated widespread coverage and meme activity. The free exposure could strengthen brand awareness and user engagement, although it has no immediate quantified financial impact. iPhone Duo Memes: The Duolingo Owl Is Hooting Mad That Apple Stole His Name
• Positive Sentiment: The company is also extending its brand into consumer products through a collaboration involving Hermès-related language and merchandise, potentially supporting broader marketing reach and monetization opportunities. Can’t pronounce Hermès? Duolingo has something you can wear
• Neutral Sentiment: Reported short interest was listed at zero shares as of September 10, unchanged from a zero-share figure on August 26. Because the data appears inconsistent with normal market reporting, it provides little useful insight into near-term trading pressure.
• Neutral Sentiment: Director William B. Gordon sold 10,000 shares for approximately $1.46 million, reducing his ownership by 12.75%. The sale was made under a pre-arranged Rule 10b5-1 plan, which lessens its significance as a discretionary bearish signal. SEC insider transaction filing
• Negative Sentiment: A widely circulated account from a CEO claiming ChatGPT taught him Spanish more effectively than Duolingo highlights continuing competitive concerns from generative-AI tools. While anecdotal, such commentary could pressure investor views of Duolingo’s long-term differentiation. CEO says ChatGPT taught him more Spanish than Duolingo

Duolingo Trading Up 4.3%

NASDAQ DUOL opened at $145.16 on Friday. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $353.00. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $6.79 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.14 and a beta of 0.89. The firm’s fifty day simple moving average is $137.40 and its 200-day simple moving average is $117.84.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The firm had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $295.58 million. During the same quarter last year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.62 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 1,354 shares of Duolingo stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $129.13, for a total transaction of $174,842.02. Following the completion of the sale, the insider directly owned 169,391 shares in the company, valued at $21,873,459.83. The trade was a 0.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director William B. Gordon sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $145.67, for a total value of $1,456,700.00. Following the completion of the sale, the director directly owned 68,415 shares of the company’s stock, valued at approximately $9,966,013.05. The trade was a 12.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,668 shares of company stock valued at $2,331,082 over the last 90 days. Company insiders own 16.62% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc develops digital learning products designed to make education accessible through mobile devices and the web. Its primary product is the Duolingo language-learning platform, which offers courses in numerous languages through interactive, game-like lessons, practice exercises and personalized learning features.

The company also provides the Duolingo English Test, an online English-proficiency assessment used by educational institutions and other organizations. In addition, Duolingo has expanded beyond language learning with products such as Duolingo Math and Duolingo Music, while offering premium subscription features through plans including Super Duolingo and Duolingo Max.

Duolingo serves users internationally, with its applications and online services available across a broad range of geographies.