GSA Capital Partners LLP Acquires Shares of 2,152 Duolingo, Inc. (NASDAQ:DUOL)

GSA Capital Partners LLP acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,152 shares of the company’s stock, valued at approximately $607,000.

A number of other hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after buying an additional 73 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Duolingo by 19.5% during the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after buying an additional 85 shares in the last quarter. Strategic Advocates LLC lifted its stake in Duolingo by 8.3% during the second quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock valued at $240,000 after buying an additional 88 shares in the last quarter. Finally, nVerses Capital LLC lifted its stake in Duolingo by 33.3% during the third quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $113,000 after buying an additional 100 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DUOL shares. Barclays upped their target price on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Piper Sandler increased their price objective on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. DA Davidson increased their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Bank of America increased their price objective on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and an average target price of $331.33.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares of the company’s stock, valued at $29,001,597.60. This trade represents a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at approximately $7,522,294.90. This trade represents a 35.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by company insiders.

Duolingo Stock Down 0.1 %

Shares of Duolingo stock opened at $306.92 on Tuesday. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $330.61. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $13.50 billion, a P/E ratio of 167.72 and a beta of 0.79. The stock has a 50 day moving average price of $283.47 and a two-hundred day moving average price of $225.51.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same period in the prior year, the business earned $0.06 earnings per share. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year. Equities analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current 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.