Generali Investments Management Co LLC Makes New $565,000 Investment in Duolingo, Inc. $DUOL

Generali Investments Management Co LLC bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,915 shares of the company’s stock, valued at approximately $565,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Root Financial Partners LLC grew its holdings in shares of Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after acquiring an additional 165 shares during the period. EFG International AG acquired a new position in Duolingo during the fourth quarter worth $26,000. AlphaCentric Advisors LLC acquired a new position in Duolingo during the fourth quarter worth $33,000. Banque Cantonale Vaudoise boosted its position in Duolingo by 51.1% during the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 115 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Duolingo during the second quarter worth $34,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Up 4.8%

Shares of DUOL stock opened at $137.19 on Tuesday. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.03 and a beta of 0.87. 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 firm has a 50-day moving average price of $126.15 and a 200 day moving average price of $114.78. Duolingo, Inc. has a twelve month low of $87.89 and a twelve month high of $373.50.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. The company had revenue of $298.45 million for the quarter, compared to analysts’ expectations of $295.58 million. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. Research analysts forecast that Duolingo, Inc. will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, General Counsel Stephen C. Chen sold 1,977 shares of Duolingo stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $159,267.20. Following the completion of the transaction, the insider owned 170,745 shares of the company’s stock, valued at $19,150,759.20. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 9,506 shares of company stock worth $1,073,864. 16.62% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DUOL. Morgan Stanley raised their price target on Duolingo from $95.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Bank of America lowered shares of Duolingo from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $103.00 to $93.00 in a research report on Tuesday, August 4th. KeyCorp reissued a “sector weight” rating on shares of Duolingo in a research note on Thursday, June 4th. Wall Street Zen downgraded shares of Duolingo from a “hold” rating to a “sell” rating in a report on Saturday. Finally, UBS Group lifted their target price on shares of Duolingo from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $148.12.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.