Panagora Asset Management Inc. Makes New $10.35 Million Investment in Duolingo, Inc. $DUOL

Panagora Asset Management Inc. bought a new position in Duolingo, Inc. (NASDAQ:DUOL) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 33,318 shares of the company’s stock, valued at approximately $10,347,000.

Other large investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo in the first quarter worth about $25,000. Summit Securities Group LLC purchased a new position in shares of Duolingo in the first quarter worth about $28,000. Quarry LP increased its stake in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares in the last quarter. Finally, Garde Capital Inc. purchased a new position in shares of Duolingo in the first quarter worth about $31,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $297.86 on Monday. The company has a 50 day moving average of $362.04 and a 200 day moving average of $387.96. The stock has a market cap of $13.65 billion, a P/E ratio of 122.58, a P/E/G ratio of 1.99 and a beta of 0.85. Duolingo, Inc. has a 12 month low of $202.44 and a 12 month high of $544.93. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business had revenue of $252.27 million during the quarter, compared to analysts’ expectations of $240.84 million. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total value of $3,444,100.00. Following the completion of the transaction, the insider owned 72 shares of the company’s stock, valued at $24,797.52. The trade was a 99.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 10,937 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the completion of the transaction, the chief financial officer directly owned 43,345 shares of the company’s stock, valued at approximately $13,757,269.55. This represents a 20.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,508 shares of company stock worth $30,993,721 in the last 90 days. 18.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DUOL shares. KeyCorp upgraded shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 target price for the company in a research note on Monday, August 18th. Barclays lifted their target price on shares of Duolingo from $375.00 to $390.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a research note on Tuesday, August 26th. DA Davidson reduced their price objective on shares of Duolingo from $600.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, June 25th. Finally, Wall Street Zen cut shares of Duolingo from a “buy” rating to a “hold” rating in a research note on Saturday. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $451.35.

Duolingo Company Profile

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.