On September 19, 2023, it was reported that Harbor Capital Advisors Inc. had acquired a new position in Duolingo, Inc. during the second quarter of the year. According to the company’s latest filing with the Securities and Exchange Commission (SEC), the institutional investor purchased 4,661 shares of Duolingo’s stock, valued at approximately $666,000.
In other news related to Duolingo, CFO Matthew Skaruppa conducted a stock transaction on Tuesday, August 15th. He sold 2,467 shares of the firm’s stock at an average price of $132.44 per share, amounting to a total transaction value of $326,729.48. Following this sale, Skaruppa now directly owns 59,994 shares of Duolingo’s stock valued at around $7,945,605.36. This sale was disclosed in a filing with the SEC and can be accessed on their official website.
Additionally, major shareholder Durable Capital Partners Lp sold 42,247 shares of Duolingo’s stock on Wednesday, August 9th at an average price of $145.14 per share. The total value of this transaction amounted to $6,131,729.58. As a result of this sale, the insider now possesses 4,114,491 shares of the company’s stock with an estimated worth of $597,s1773d22374.
It is worth noting that corporate insiders have collectively sold 108,d960 shares of Duolingo’s stock over the past ninety days with a total accumulated value of $16,d190,s24d2242b4e4e343433202f53275c,” as stated by John Doe from Company XYZ.
These transactions provide valuable insights into investors’ activities and how corporate insiders perceive the prospects of Duolingo as an investment opportunity. The disclosure filings made with the SEC allow market participants and regulators to stay informed about such activities within publicly traded companies.
Investors and analysts interested in Duolingo may find this information helpful in assessing the overall market sentiment towards the company. It is important to consider various factors, including recent stock performance, financial reports, and market trends when evaluating investment opportunities.
For further analysis of Duolingo and its stock, investors are advised to review up-to-date research reports and consult with financial professionals who can provide comprehensive insights based on individual investment goals, risk tolerance, and other relevant factors.
While these recent transactions demonstrate investor activity in Duolingo’s stock, it is important to remember that any investment carries inherent risks. Investors should thoroughly understand these risks before making any investment decisions and consider diversifying their portfolios to mitigate potential losses.
As always, it is advisable for investors to conduct their due diligence by gathering information from reliable sources before making any investment decisions. The SEC website serves as a valuable resource for accessing official filings and disclosures made by companies like Duolingo, allowing individuals to make informed choices based on accurate and up-to-date information.
Silicon Laboratories Inc.
SLAB
Strong Buy
Updated on: 19/09/2023
Very Healthy 
Duolingo Sees Changes in Investor Positions and Mixed Analyst Reviews
Several hedge funds and institutional investors have made notable changes to their positions in Duolingo, a language-learning platform. Captrust Financial Advisors increased its position in the company by a staggering 620.8% in the first quarter. With an additional purchase of 478 shares, Captrust Financial Advisors now owns 555 shares of Duolingo’s stock valued at $53,000.
Similarly, Lazard Asset Management LLC acquired a new stake in Duolingo during the fourth quarter, amounting to about $58,000. Nisa Investment Advisors LLC also raised its position in the company by 78.1% in the first quarter with an additional purchase of 250 shares, bringing their total to 570 shares valued at $81,000.
Daiwa Securities Group Inc., on the other hand, lifted its position in Duolingo by 48.8% in the first quarter with an extra purchase of 195 shares. They now own 595 shares valued at $85,000.
Lastly, Zurcher Kantonalbank Zurich Cantonalbank entered into Duolingo’s investor pool during the second quarter with a stake valued at approximately $111,000.
Overall, it appears that institutional investors and hedge funds own a significant portion of Duolingo’s stock—specifically around 76.93%.
In terms of analyst evaluations on Duolingo (NYSE:DUOL), Barclays recently raised their price target from $136 to $149 on August 9th. Additionally, Raymond James initiated coverage on Duolingo with a “market perform” rating on August 28th.
Piper Sandler was more bullish as they raised their price target from $167 to $170 and granted the company an “overweight” rating on August 9th. Meanwhile, Needham & Company reasserted their “buy” rating and set a price target of $160 for Duolingo.
Wolfe Research, however, began covering Duolingo on June 20th with a “market perform” rating.
As of now, the stock has received five hold ratings and three buy ratings from equities research analysts. Bloomberg data shows that the consensus rating for Duolingo is “Hold” with an average price target of $144.38.
Duolingo stock opened at $164.87 on September 19, 2023. The company has seen a substantial range in its stock value over the past year, reaching a low of $64.73 and a high of $168.40.
In terms of financial health, Duolingo has a current ratio and quick ratio of 3.62, indicating its ability to cover short-term obligations efficiently. Its debt-to-equity ratio sits at 0.04, showing minimal debt leverage.
The company holds a market capitalization of $6.85 billion while operating at an unusual PE ratio of -208.70 and a beta of 0.37.
Duolingo released its quarterly earnings data on August 8th, reporting earnings per share of $0.08 for the quarter—a positive surprise since analysts’ consensus estimates were predicting losses of ($0.17) per share.
Despite having a negative net margin of 7.06% and a negative return on equity of 5.58%, Duolingo managed to generate revenue amounting to $126.84 million during the quarter—surpassing analysts’ expectations set at $123.13 million.
Based on research analyst forecasts, it is anticipated that Duolingo will post EPS of -0.09 for the current fiscal year.
In conclusion, Duolingo has witnessed significant changes in institutional investors’ positions recently while also garnering mixed reviews from equities research analysts regarding its stock performance and future prospects in the language-learning industry.
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