Entropy Technologies LP Acquires New Shares in Duolingo, Inc. (NASDAQ:DUOL)

Entropy Technologies LP bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 826 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors also recently modified their holdings of DUOL. Larson Financial Group LLC bought a new position in Duolingo during the 2nd quarter worth approximately $31,000. Blue Trust Inc. bought a new position in shares of Duolingo during the second quarter worth $32,000. GAMMA Investing LLC grew its holdings in shares of Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Duolingo in the 2nd quarter valued at $36,000. Finally, Farther Finance Advisors LLC raised its stake in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler increased their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays increased their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Bank of America upped their price target on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Finally, UBS Group upped their target price on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and an average target price of $331.33.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the 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 sale, the insider now owns 139,760 shares in the company, valued at approximately $29,001,597.60. This represents a 1.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at $18,417,183.12. This represents a 16.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,374 shares of company stock worth $15,802,382. Insiders own 18.30% of the company’s stock.

Duolingo Trading Down 4.7 %

Duolingo stock opened at $307.32 on Friday. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 167.93 and a beta of 0.79. The firm has a 50-day moving average of $281.68 and a 200-day moving average of $224.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a one year low of $145.05 and a one year high of $330.61.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results 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 firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business’s revenue was up 39.9% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. On average, equities analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

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.