Penserra Capital Management LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Penserra Capital Management LLC purchased a new position in Duolingo, Inc. (NASDAQ:DUOL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,554 shares of the company’s stock, valued at approximately $1,284,000.

Several other large investors also recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC purchased a new position in shares of Duolingo in the 2nd quarter worth approximately $204,768,000. Teachers Retirement System of The State of Kentucky boosted its stake in Duolingo by 23.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after buying an additional 12,860 shares during the period. Lisanti Capital Growth LLC boosted its stake in Duolingo by 17.8% during the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after buying an additional 1,760 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after acquiring an additional 154,659 shares during the period. Finally, State of Michigan Retirement System bought a new stake in shares of Duolingo in the 2nd quarter worth about $1,857,000. 91.59% of the stock is owned by institutional investors.

Duolingo Trading Up 1.6 %

NASDAQ DUOL opened at $353.53 on Wednesday. The company’s 50-day simple moving average is $294.74 and its two-hundred day simple moving average is $229.12. Duolingo, Inc. has a one year low of $145.05 and a one year high of $364.95. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 193.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

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

Wall Street Analyst Weigh In

DUOL has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Evercore ISI raised Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Piper Sandler raised their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. 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 stock. According to data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and an average target price of $331.33.

Insider Buying and Selling

In related news, General Counsel Stephen C. Chen sold 19,464 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the transaction, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. The trade was a 35.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the sale, the insider now owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. This trade represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,783 shares of company stock worth $12,156,296 in the last three months. 18.30% of the stock is owned by insiders.

Duolingo Profile

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.