River & Mercantile Asset Management LLP Takes Position in Duolingo, Inc. (NYSE:DUOL)

River & Mercantile Asset Management LLP acquired a new stake in Duolingo, Inc. (NYSE:DUOL – Get Rating) during the 3rd quarter, Holdings Channel reports. The firm acquired 1,000 shares of the company’s stock, valued at approximately $167,000.

Other large investors have also made changes to their positions in the company. HBK Sorce Advisory LLC purchased a new position in shares of Duolingo in the third quarter valued at about $30,000. Captrust Financial Advisors lifted its position in shares of Duolingo by 620.8% in the first quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock valued at $53,000 after acquiring an additional 478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Duolingo in the second quarter valued at about $111,000. UBS Group AG lifted its position in shares of Duolingo by 182.4% in the second quarter. UBS Group AG now owns 2,296 shares of the company’s stock valued at $201,000 after acquiring an additional 1,483 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Duolingo by 74.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,216 shares of the company’s stock valued at $211,000 after acquiring an additional 945 shares in the last quarter. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $130.11, for a total transaction of $650,550.00. Following the transaction, the insider now owns 202,601 shares of the company’s stock, valued at $26,360,416.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $130.11, for a total transaction of $650,550.00. Following the transaction, the insider now owns 202,601 shares of the company’s stock, valued at $26,360,416.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stephen C. Chen sold 10,748 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $130.10, for a total value of $1,398,314.80. Following the transaction, the general counsel now directly owns 26,553 shares in the company, valued at approximately $3,454,545.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 108,763 shares of company stock valued at $7,775,134 and have sold 234,655 shares valued at $27,152,122. Insiders own 22.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DUOL. Barclays boosted their target price on Duolingo from $84.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 1st. The Goldman Sachs Group boosted their target price on Duolingo from $92.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, March 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Duolingo in a research report on Wednesday, March 1st. Raymond James boosted their target price on Duolingo from $109.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 1st. Finally, Piper Sandler boosted their target price on Duolingo from $95.00 to $127.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and an average target price of $116.33.

Duolingo Trading Up 3.6 %

Shares of DUOL stock opened at $127.37 on Friday. Duolingo, Inc. has a 1 year low of $60.50 and a 1 year high of $130.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.84 and a quick ratio of 3.84. The stock’s 50 day simple moving average is $96.77 and its two-hundred day simple moving average is $87.28. The company has a market cap of $5.18 billion, a PE ratio of -84.91 and a beta of 0.10.

Duolingo (NYSE:DUOL – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.18. The firm had revenue of $103.82 million for the quarter, compared to analysts’ expectations of $99.88 million. Duolingo had a negative return on equity of 11.22% and a negative net margin of 16.12%. The company’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. Research analysts predict that Duolingo, Inc. will post -0.85 earnings per share for the current year.

Duolingo Profile

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Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.