Spyglass Capital Management LLC Has $86.49 Million Holdings in Duolingo, Inc. $DUOL

Spyglass Capital Management LLC raised its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 227.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,726 shares of the company’s stock after acquiring an additional 186,777 shares during the period. Duolingo comprises approximately 4.6% of Spyglass Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Spyglass Capital Management LLC owned 0.59% of Duolingo worth $86,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DUOL. Atlantic Union Bankshares Corp bought a new position in shares of Duolingo during the third quarter valued at about $32,000. Farther Finance Advisors LLC boosted its holdings in Duolingo by 82.2% during the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Cornerstone Planning Group LLC grew its position in Duolingo by 8,900.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock worth $58,000 after purchasing an additional 178 shares in the last quarter. Huntington National Bank grew its position in Duolingo by 103.0% in the 3rd quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $66,000 after purchasing an additional 104 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Duolingo in the 3rd quarter valued at about $70,000. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the topic of a number of research analyst reports. BMO Capital Markets upgraded Duolingo to a “buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group dropped their price target on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Zacks Research downgraded Duolingo from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Truist Financial lowered Duolingo from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Friday, February 27th. Finally, Bank of America reiterated a “neutral” rating and set a $100.00 target price on shares of Duolingo in a research note on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $206.32.

Duolingo Price Performance

Duolingo stock opened at $98.39 on Friday. Duolingo, Inc. has a 12 month low of $91.99 and a 12 month high of $544.93. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $128.43 and its 200 day simple moving average is $208.10. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 0.66 and a beta of 0.90.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. The business had revenue of $282.87 million during the quarter, compared to the consensus estimate of $275.95 million. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The firm’s quarterly revenue was up 35.0% compared to the same quarter last year. Sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, insider Robert Meese sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total transaction of $110,060.00. Following the sale, the insider directly owned 122,636 shares of the company’s stock, valued at $13,497,318.16. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stephen C. Chen sold 1,901 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total transaction of $215,307.26. Following the transaction, the general counsel owned 30,545 shares of the company’s stock, valued at $3,459,526.70. This represents a 5.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,939 shares of company stock worth $1,676,291 in the last quarter. 15.67% of the stock is currently owned by company insiders.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.