Qsemble Capital Management LP Purchases New Shares in Duolingo, Inc. (NASDAQ:DUOL)

Qsemble Capital Management LP purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,392 shares of the company’s stock, valued at approximately $528,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DUOL. American Century Companies Inc. bought a new stake in Duolingo during the 3rd quarter worth about $48,552,000. Wellington Management Group LLP raised its holdings in Duolingo by 147.6% during the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after purchasing an additional 358,938 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Duolingo by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,191,139 shares of the company’s stock valued at $529,314,000 after acquiring an additional 122,209 shares during the last quarter. Diversified Trust Co increased its stake in shares of Duolingo by 43.1% in the 4th quarter. Diversified Trust Co now owns 2,645 shares of the company’s stock valued at $600,000 after acquiring an additional 797 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its stake in shares of Duolingo by 0.8% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock valued at $2,003,000 after acquiring an additional 72 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Insider Transactions at Duolingo

In other news, CEO Ahn Luis Von sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $223.47, for a total value of $2,234,700.00. Following the sale, the insider now owns 72 shares in the company, valued at approximately $16,089.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 1,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $215.00, for a total value of $215,000.00. 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 in the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Duolingo Stock Down 4.3 %

NASDAQ:DUOL traded down $8.14 during trading hours on Wednesday, reaching $179.16. 265,044 shares of the stock were exchanged, compared to its average volume of 775,277. Duolingo, Inc. has a twelve month low of $121.89 and a twelve month high of $251.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a 50 day moving average of $194.15 and a 200 day moving average of $203.28. The stock has a market cap of $7.73 billion, a PE ratio of 193.09 and a beta of 0.73.

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

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $260.00 price target on shares of Duolingo in a research note on Wednesday, July 10th. Wolfe Research initiated coverage on Duolingo in a research note on Tuesday. They issued a “peer perform” rating for the company. DA Davidson initiated coverage on Duolingo in a research note on Thursday, June 13th. They issued a “buy” rating and a $250.00 price target for the company. Needham & Company LLC upped their price target on Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Barclays lowered their price target on Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.70.

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.