Advisory Research Inc. Invests $1.66 Million in Duolingo, Inc. (NYSE:DUOL)

Posted by Defense World Staff on Mar 15th, 2023

Advisory Research Inc. acquired a new position in Duolingo, Inc. (NYSE:DUOL – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,436 shares of the company’s stock, valued at approximately $1,660,000.

Several other large investors also recently made changes to their positions in the business. Captrust Financial Advisors increased its position in shares of Duolingo by 620.8% in the first quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock worth $53,000 after acquiring an additional 478 shares in the last quarter. UBS Group AG grew its holdings in Duolingo by 24.5% during the 3rd quarter. UBS Group AG now owns 2,859 shares of the company’s stock valued at $272,000 after purchasing an additional 563 shares in the last quarter. California State Teachers Retirement System grew its holdings in Duolingo by 11.0% during the 1st quarter. California State Teachers Retirement System now owns 6,043 shares of the company’s stock valued at $575,000 after purchasing an additional 599 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Duolingo by 74.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,216 shares of the company’s stock valued at $211,000 after purchasing an additional 945 shares in the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new stake in Duolingo during the 3rd quarter valued at $167,000. Institutional investors and hedge funds own 63.16% of the company’s stock.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 10,748 shares of Duolingo stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $130.10, for a total value of $1,398,314.80. Following the sale, the general counsel now directly owns 26,553 shares in the company, valued at approximately $3,454,545.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, General Counsel Stephen C. Chen sold 10,748 shares of Duolingo stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $130.10, for a total value of $1,398,314.80. Following the sale, the general counsel now directly owns 26,553 shares in the company, valued at approximately $3,454,545.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Severin Hacker sold 2,800 shares of Duolingo stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $75.05, for a total transaction of $210,140.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $5,403.60. The disclosure for this sale can be found here. In the last three months, insiders have acquired 176,552 shares of company stock worth $12,711,529 and have sold 234,655 shares worth $27,152,122. Insiders own 22.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James raised their price target on shares of Duolingo from $109.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, March 1st. The Goldman Sachs Group raised their price target on shares of Duolingo from $92.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, March 2nd. Needham & Company LLC reissued a “buy” rating and set a $115.00 price objective on shares of Duolingo in a report on Wednesday, March 1st. Piper Sandler raised their price objective on shares of Duolingo from $95.00 to $127.00 and gave the stock an “overweight” rating in a report on Wednesday, March 1st. Finally, Barclays raised their price objective on shares of Duolingo from $84.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $116.33.

Duolingo Trading Up 0.8 %

Duolingo stock opened at $123.72 on Wednesday. The firm’s 50-day moving average is $94.65 and its 200-day moving average is $86.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.84 and a current ratio of 3.84. Duolingo, Inc. has a 1 year low of $60.50 and a 1 year high of $130.49. The company has a market cap of $5.03 billion, a P/E ratio of -82.48 and a beta of 0.10.

Duolingo (NYSE:DUOL – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.18. Duolingo had a negative net margin of 16.12% and a negative return on equity of 11.22%. The company had revenue of $103.82 million for the quarter, compared to the consensus estimate of $99.88 million. During the same period last year, the firm posted ($0.46) EPS. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. On average, equities analysts expect that Duolingo, Inc. will post -0.85 earnings per share for the current year.

About Duolingo

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Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.