Leonteq Securities AG Buys New Position in Duolingo, Inc. $DUOL

Leonteq Securities AG bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,583 shares of the company’s stock, valued at approximately $1,682,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. grew its position in Duolingo by 31.8% in the 3rd quarter. Citigroup Inc. now owns 259,666 shares of the company’s stock valued at $83,571,000 after buying an additional 62,614 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Duolingo by 967.3% in the 3rd quarter. Intech Investment Management LLC now owns 48,926 shares of the company’s stock valued at $15,746,000 after acquiring an additional 44,342 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Duolingo by 71.9% in the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after acquiring an additional 2,033,611 shares during the last quarter. Mitchell Capital Management Co. acquired a new stake in Duolingo in the 3rd quarter valued at about $4,589,000. Finally, GF Fund Management CO. LTD. acquired a new stake in Duolingo in the 3rd quarter valued at about $6,366,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

DUOL stock opened at $105.64 on Friday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a one year low of $87.89 and a one year high of $540.30. The firm has a market capitalization of $4.92 billion, a PE ratio of 12.16, a P/E/G ratio of 0.81 and a beta of 0.90. The firm has a 50-day moving average of $101.48 and a two-hundred day moving average of $139.35.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. During the same period in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 26.5% on a year-over-year basis. On average, analysts forecast that Duolingo, Inc. will post 2.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. The Goldman Sachs Group cut their price target on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Bank of America reissued a “neutral” rating and issued a $100.00 price target on shares of Duolingo in a report on Friday, February 27th. Evercore set a $97.00 price target on shares of Duolingo in a report on Tuesday, May 5th. Finally, Argus reissued a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $195.94.

Insider Activity

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at $5,999,403.27. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,506 shares of company stock valued at $1,073,864 over the last ninety days. Corporate insiders own 16.62% of the company’s stock.

About Duolingo

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.