Joel Isaacson & Co. LLC Acquires 200 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Joel Isaacson & Co. LLC grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,734 shares of the company’s stock after acquiring an additional 200 shares during the period. Joel Isaacson & Co. LLC’s holdings in Duolingo were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DUOL. International Assets Investment Management LLC raised its position in Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after purchasing an additional 353,918 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Duolingo by 228.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $133,000 after buying an additional 327 shares during the period. Bleakley Financial Group LLC bought a new position in shares of Duolingo during the third quarter worth about $265,000. nVerses Capital LLC lifted its stake in shares of Duolingo by 33.3% in the third quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $113,000 after acquiring an additional 100 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in Duolingo in the third quarter valued at approximately $474,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Up 3.6 %

Shares of Duolingo stock opened at $291.61 on Friday. The stock has a market capitalization of $12.70 billion, a PE ratio of 208.29 and a beta of 0.79. Duolingo, Inc. has a 52 week low of $140.16 and a 52 week high of $297.56. The stock has a 50 day moving average price of $251.96 and a two-hundred day moving average price of $214.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS 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 business had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same quarter in the previous year, the business posted $0.08 EPS. Duolingo’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, equities analysts anticipate that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on shares of Duolingo from $198.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. UBS Group boosted their target price on shares of Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. DA Davidson reiterated a “buy” rating and set a $250.00 price target on shares of Duolingo in a report on Tuesday, September 10th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Evercore ISI raised Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $277.22.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $280.91, for a total transaction of $421,365.00. Following the completion of the transaction, the insider now owns 138,260 shares in the company, valued at approximately $38,838,616.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $280.91, for a total transaction of $421,365.00. Following the transaction, the insider now directly owns 138,260 shares in the company, valued at $38,838,616.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,374 shares of company stock worth $18,571,912 in the last quarter. Insiders own 18.30% of the company’s stock.

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.