Oregon Public Employees Retirement Fund Acquires New Position in Duolingo, Inc. (NASDAQ:DUOL)

Oregon Public Employees Retirement Fund acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,728 shares of the company’s stock, valued at approximately $1,613,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in shares of Duolingo in the second quarter worth $32,000. GAMMA Investing LLC increased its position in Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Duolingo during the 2nd quarter worth about $40,000. AlphaCentric Advisors LLC acquired a new stake in shares of Duolingo during the 2nd quarter valued at about $42,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Duolingo in the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Down 1.0 %

Shares of DUOL stock opened at $208.26 on Friday. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $251.30. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market cap of $8.98 billion, a PE ratio of 214.70 and a beta of 0.76. The stock has a 50 day moving average of $189.82 and a 200-day moving average of $201.49.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The firm had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. During the same period in the prior year, the firm earned $0.08 EPS. The business’s revenue was up 40.6% on a year-over-year basis. On average, equities analysts predict that Duolingo, Inc. will post 1.87 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on DUOL shares. Piper Sandler reiterated an “overweight” rating and issued a $271.00 target price on shares of Duolingo in a research note on Friday, August 30th. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. JMP Securities reissued a “market outperform” rating and set a $260.00 target price on shares of Duolingo in a research report on Wednesday, July 10th. Needham & Company LLC reduced their price target on Duolingo from $267.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Barclays decreased their price target on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and an average price target of $237.40.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total value of $2,904,160.00. Following the completion of the sale, the chief financial officer now owns 88,856 shares in the company, valued at approximately $18,432,288.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Duolingo news, CFO Matthew Skaruppa sold 14,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $207.44, for a total value of $2,904,160.00. Following the sale, the chief financial officer now owns 88,856 shares of the company’s stock, valued at approximately $18,432,288.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $14,299.92. The disclosure for this sale can be found here. Insiders have sold a total of 91,055 shares of company stock valued at $17,991,606 over the last three months. 18.30% of the stock is owned by corporate insiders.

About Duolingo

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.