Durable Capital Partners Lp Purchases 32,700 Shares of Duolingo Inc (NYSE:DUOL) Stock

Duolingo Inc (NYSE:DUOL) major shareholder Durable Capital Partners Lp bought 32,700 shares of the firm’s stock in a transaction on Friday, January 14th. The stock was bought at an average price of $91.62 per share, with a total value of $2,995,974.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

  • On Wednesday, January 12th, Durable Capital Partners Lp purchased 38,484 shares of Duolingo stock. The shares were acquired at an average cost of $103.82 per share, for a total transaction of $3,995,408.88.
  • On Monday, January 10th, Durable Capital Partners Lp bought 40,852 shares of Duolingo stock. The shares were purchased at an average cost of $100.85 per share, for a total transaction of $4,119,924.20.
  • On Friday, January 7th, Durable Capital Partners Lp bought 50,323 shares of Duolingo stock. The shares were purchased at an average cost of $102.42 per share, for a total transaction of $5,154,081.66.
  • On Wednesday, January 5th, Durable Capital Partners Lp bought 27,650 shares of Duolingo stock. The shares were purchased at an average cost of $98.89 per share, for a total transaction of $2,734,308.50.
  • On Monday, January 3rd, Durable Capital Partners Lp bought 34,764 shares of Duolingo stock. The shares were purchased at an average cost of $105.73 per share, for a total transaction of $3,675,597.72.

NYSE DUOL opened at $92.63 on Friday. Duolingo Inc has a twelve month low of $89.98 and a twelve month high of $204.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.05 and a current ratio of 6.05. The business’s 50 day moving average price is $114.59.

Duolingo (NYSE:DUOL) last posted its quarterly earnings data on Wednesday, November 10th. The company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.06). Duolingo had a negative return on equity of 88.94% and a negative net margin of 23.46%. The firm had revenue of $63.60 million for the quarter, compared to analysts’ expectations of $60.00 million. As a group, equities analysts expect that Duolingo Inc will post -2.34 earnings per share for the current year.

Several equities research analysts recently commented on the company. Evercore ISI raised Duolingo from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $140.00 to $195.00 in a report on Thursday, November 11th. Piper Sandler dropped their price target on Duolingo from $182.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays upped their price target on Duolingo from $125.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, November 11th. Zacks Investment Research cut Duolingo from a “buy” rating to a “hold” rating in a report on Monday, November 15th. Finally, JMP Securities upped their price target on Duolingo from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 3rd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $161.00.

Institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. purchased a new position in shares of Duolingo during the 3rd quarter valued at $35,000. Royal Bank of Canada purchased a new position in shares of Duolingo during the 3rd quarter valued at $140,000. River & Mercantile Asset Management LLP bought a new stake in Duolingo in the third quarter worth $167,000. Insight Holdings Group LLC bought a new stake in Duolingo in the third quarter worth $333,000. Finally, Bank of New York Mellon Corp bought a new stake in Duolingo in the third quarter worth $488,000. Institutional investors and hedge funds own 31.63% of the company’s stock.

About Duolingo

Duolingo Inc provides mobile language learning platform. Duolingo Inc is based in PITTSBURGH.

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Insider Buying and Selling by Quarter for Duolingo (NYSE:DUOL)

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