Diversify Advisory Services LLC Increases Stock Position in Duolingo, Inc. $DUOL

Diversify Advisory Services LLC increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 665.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,836 shares of the company’s stock after buying an additional 8,551 shares during the period. Diversify Advisory Services LLC’s holdings in Duolingo were worth $3,166,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DUOL. Atlantic Union Bankshares Corp purchased a new position in Duolingo in the third quarter valued at about $32,000. Farther Finance Advisors LLC increased its stake in shares of Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after buying an additional 60 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in Duolingo by 8,900.0% in the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock valued at $58,000 after acquiring an additional 178 shares in the last quarter. Huntington National Bank boosted its stake in Duolingo by 103.0% during the 3rd quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $66,000 after acquiring an additional 104 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in Duolingo by 22.2% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 220 shares of the company’s stock worth $71,000 after acquiring an additional 40 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DUOL. Evercore reissued a “hold” rating and issued a $114.00 price objective on shares of Duolingo in a report on Friday, February 27th. The Goldman Sachs Group dropped their price target on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. UBS Group set a $245.00 target price on shares of Duolingo in a report on Monday, January 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price target (down from $245.00) on shares of Duolingo in a report on Friday, February 27th. Finally, DA Davidson dropped their price objective on shares of Duolingo from $170.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $206.32.

Insider Transactions at Duolingo

In related news, insider Robert Meese sold 1,000 shares of Duolingo stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total transaction of $110,060.00. Following the sale, the insider directly owned 122,636 shares in the company, valued at $13,497,318.16. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Shelton bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average price of $99.76 per share, with a total value of $498,800.00. Following the transaction, the director directly owned 9,632 shares in the company, valued at $960,888.32. This represents a 107.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 14,939 shares of company stock worth $1,676,291 over the last quarter. Insiders own 18.30% of the company’s stock.

Duolingo Stock Down 1.5%

DUOL stock opened at $100.42 on Tuesday. The stock has a market cap of $4.64 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. The firm’s 50-day simple moving average is $134.78 and its 200 day simple moving average is $212.90. Duolingo, Inc. has a fifty-two week low of $91.99 and a fifty-two week high of $544.93. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The firm had revenue of $282.87 million during the quarter, compared to analyst estimates of $275.95 million. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The firm’s revenue was up 35.0% compared to the same quarter last year. As a group, sell-side analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Duolingo Profile

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.