First Horizon Advisors Inc. Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

First Horizon Advisors Inc. bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 103 shares of the company’s stock, valued at approximately $29,000.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after acquiring an additional 154,659 shares in the last quarter. Tidal Investments LLC lifted its stake in Duolingo by 30.9% during the 1st quarter. Tidal Investments LLC now owns 4,360 shares of the company’s stock valued at $962,000 after acquiring an additional 1,030 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Duolingo by 7.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 54,254 shares of the company’s stock worth $11,967,000 after acquiring an additional 3,750 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Finally, Polianta Ltd raised its holdings in shares of Duolingo by 32.6% in the second quarter. Polianta Ltd now owns 6,100 shares of the company’s stock valued at $1,272,000 after purchasing an additional 1,500 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Piper Sandler increased their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Bank of America lifted their target price on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, UBS Group increased their price target on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and an average target price of $331.33.

Duolingo Price Performance

DUOL opened at $348.00 on Tuesday. The firm has a 50-day moving average price of $294.74 and a 200-day moving average price of $229.12. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $364.95. 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 company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 190.16 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million during 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 in the previous year, the business earned $0.06 EPS. Equities analysts expect that Duolingo, Inc. will post 2.02 EPS for the current year.

Insider Activity at Duolingo

In other news, insider Robert Meese sold 4,819 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total value of $1,156,656.38. Following the completion of the transaction, the insider now directly owns 157,053 shares in the company, valued at approximately $37,695,861.06. This trade represents a 2.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now directly owns 35,558 shares in the company, valued at $7,522,294.90. This trade represents a 35.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,783 shares of company stock worth $12,156,296. 18.30% of the stock is owned by company insiders.

Duolingo Company 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.