Clearbridge Investments LLC Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Clearbridge Investments LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 129,454 shares of the company’s stock, valued at approximately $28,555,000. Clearbridge Investments LLC owned about 0.30% of Duolingo as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Duolingo during the fourth quarter worth $1,411,000. Raymond James & Associates bought a new stake in shares of Duolingo during the fourth quarter worth $4,211,000. Cerity Partners LLC grew its stake in shares of Duolingo by 2,767.0% during the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock worth $10,614,000 after buying an additional 45,157 shares during the last quarter. UBS Group AG grew its stake in shares of Duolingo by 76.4% during the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock worth $8,067,000 after buying an additional 15,404 shares during the last quarter. Finally, Trexquant Investment LP grew its stake in shares of Duolingo by 163.9% during the fourth quarter. Trexquant Investment LP now owns 29,441 shares of the company’s stock worth $6,679,000 after buying an additional 18,285 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. DA Davidson assumed coverage on shares of Duolingo in a research note on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Wolfe Research assumed coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Needham & Company LLC boosted their price objective on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. JMP Securities reissued a “market outperform” rating and issued a $260.00 price objective on shares of Duolingo in a research note on Wednesday, July 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $265.00 price objective (down previously from $282.00) on shares of Duolingo in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average price target of $246.70.

Duolingo Trading Up 1.0 %

Shares of DUOL stock traded up $1.71 on Tuesday, hitting $179.10. 388,184 shares of the company’s stock traded hands, compared to its average volume of 770,629. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22. Duolingo, Inc. has a one year low of $121.89 and a one year high of $251.30. The company’s fifty day simple moving average is $192.12 and its 200 day simple moving average is $202.11. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 184.64 and a beta of 0.73.

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

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $223.51, for a total value of $2,682,120.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ahn Luis Von sold 12,000 shares of Duolingo stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $196.24, for a total transaction of $294,360.00. Following the sale, the insider now directly owns 145,782 shares in the company, valued at approximately $28,608,259.68. The disclosure for this sale can be found here. Insiders have sold a total of 56,198 shares of company stock valued at $11,929,033 in the last quarter. 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.