Headlands Technologies LLC Purchases 127 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Headlands Technologies LLC boosted its position in Duolingo, Inc. (NASDAQ:DUOL) by 19.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 767 shares of the company’s stock after acquiring an additional 127 shares during the period. Headlands Technologies LLC’s holdings in Duolingo were worth $169,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DUOL. Discovery Value Fund bought a new stake in shares of Duolingo during the 4th quarter valued at about $27,000. FSC Wealth Advisors LLC bought a new stake in shares of Duolingo during the 4th quarter valued at about $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Duolingo during the 4th quarter valued at about $73,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Duolingo during the 4th quarter valued at about $92,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Duolingo during the 4th quarter valued at about $106,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Down 3.2 %

Shares of NASDAQ DUOL traded down $6.21 during midday trading on Tuesday, hitting $185.84. The stock had a trading volume of 431,671 shares, compared to its average volume of 777,776. The business’s 50 day moving average is $195.38 and its 200-day moving average is $203.56. The company has a market cap of $8.01 billion, a P/E ratio of 197.99 and a beta of 0.73. Duolingo, Inc. has a 52 week low of $121.89 and a 52 week high of $251.30. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business’s revenue was up 44.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, analysts predict that Duolingo, Inc. will post 1.74 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DUOL. Wolfe Research began coverage on shares of Duolingo in a research note on Tuesday. They set a “peer perform” rating on the stock. DA Davidson started coverage on shares of Duolingo in a report on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Barclays cut their price objective on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Piper Sandler restated an “overweight” rating and issued a $265.00 price objective (down previously from $282.00) on shares of Duolingo in a report on Friday, May 10th. Finally, JMP Securities restated a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.70.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $223.51, for a total transaction of $2,682,120.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $223.47, for a total value of $2,234,700.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $16,089.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $223.51, for a total transaction of $2,682,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,198 shares of company stock worth $11,929,033 over the last quarter. Company insiders own 18.30% of the company’s stock.

About Duolingo

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.