GAMMA Investing LLC Purchases 185 Shares of Duolingo, Inc. (NASDAQ:DUOL)

GAMMA Investing LLC lifted its position in Duolingo, Inc. (NASDAQ:DUOL) by 108.2% during the 3rd quarter, Holdings Channel reports. The firm owned 356 shares of the company’s stock after acquiring an additional 185 shares during the period. GAMMA Investing LLC’s holdings in Duolingo were worth $100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Handelsbanken Fonder AB boosted its holdings in Duolingo by 33.3% in the third quarter. Handelsbanken Fonder AB now owns 10,000 shares of the company’s stock valued at $2,820,000 after acquiring an additional 2,500 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Duolingo in the third quarter valued at $532,000. Cim LLC boosted its holdings in Duolingo by 8.2% in the second quarter. Cim LLC now owns 5,034 shares of the company’s stock valued at $1,058,000 after acquiring an additional 383 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Duolingo by 34.3% in the second quarter. Clearbridge Investments LLC now owns 173,867 shares of the company’s stock valued at $36,281,000 after acquiring an additional 44,413 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Duolingo by 23.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after acquiring an additional 12,860 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the transaction, the insider now owns 144,282 shares of the company’s stock, valued at approximately $23,341,941.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the transaction, the insider now owns 144,282 shares of the company’s stock, valued at approximately $23,341,941.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.49, for a total value of $1,664,900.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $11,987.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,374 shares of company stock valued at $18,571,912. 18.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. DA Davidson restated a “buy” rating and set a $250.00 target price on shares of Duolingo in a report on Tuesday, September 10th. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Barclays dropped their target price on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Needham & Company LLC boosted their target price on shares of Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus target price of $270.56.

Duolingo Price Performance

DUOL opened at $288.26 on Tuesday. The stock has a 50-day moving average price of $233.87 and a 200-day moving average price of $210.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The firm has a market cap of $12.43 billion, a PE ratio of 297.18 and a beta of 0.79. Duolingo, Inc. has a 1 year low of $140.16 and a 1 year high of $297.56.

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

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.