Janney Montgomery Scott LLC Has $795,000 Stock Position in Duolingo, Inc. $DUOL

Janney Montgomery Scott LLC increased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 214.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,063 shares of the company’s stock after purchasing an additional 5,501 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Duolingo were worth $795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DUOL. KERR FINANCIAL PLANNING Corp purchased a new stake in Duolingo during the third quarter valued at about $47,000. EFG International AG purchased a new position in shares of Duolingo in the fourth quarter worth approximately $26,000. Globeflex Capital L P acquired a new stake in shares of Duolingo during the second quarter valued at approximately $77,000. AlphaCentric Advisors LLC acquired a new stake in shares of Duolingo during the fourth quarter valued at approximately $33,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Duolingo in the 3rd quarter valued at approximately $70,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

DUOL has been the subject of a number of recent analyst reports. Evercore set a $97.00 price objective on shares of Duolingo in a research note on Tuesday, May 5th. Wells Fargo & Company increased their target price on Duolingo from $81.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their target price on Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Duolingo in a report on Tuesday, May 5th. Finally, UBS Group reissued a “neutral” rating on shares of Duolingo in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $170.82.

Insider Buying and Selling

In related news, insider Natalie Glance sold 3,360 shares of Duolingo stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of Duolingo stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 9,506 shares of company stock worth $1,073,864. Corporate insiders own 16.62% of the company’s stock.

Duolingo Stock Performance

Shares of DUOL opened at $132.34 on Tuesday. The company has a market capitalization of $6.17 billion, a PE ratio of 15.23, a PEG ratio of 0.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The company’s 50 day moving average price is $117.11 and its 200 day moving average price is $120.27. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $468.00.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. During the same quarter last year, the business posted $0.72 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Research analysts expect that Duolingo, Inc. will post 2.76 EPS for the current fiscal year.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.