Federated Hermes Inc. Increases Stock Position in Duolingo, Inc. $DUOL

Federated Hermes Inc. lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 35.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,444 shares of the company’s stock after purchasing an additional 89,061 shares during the period. Federated Hermes Inc. owned 0.75% of Duolingo worth $139,589,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DUOL. Bryce Point Capital LLC purchased a new position in shares of Duolingo in the 2nd quarter worth approximately $946,000. Vanguard Group Inc. increased its position in shares of Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after acquiring an additional 116,135 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Duolingo during the second quarter worth $14,377,000. Rhumbline Advisers lifted its holdings in Duolingo by 17.2% during the second quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock worth $50,997,000 after acquiring an additional 18,210 shares during the period. Finally, Jefferies Financial Group Inc. boosted its position in Duolingo by 117.0% in the second quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock worth $10,811,000 after purchasing an additional 14,219 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Price Performance

NASDAQ DUOL opened at $199.75 on Friday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The company has a market cap of $9.23 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.25 and a beta of 0.86. Duolingo, Inc. has a 52 week low of $166.27 and a 52 week high of $544.93. The firm’s 50-day simple moving average is $254.46 and its two-hundred day simple moving average is $337.12.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, topping the consensus estimate of $0.72 by $5.23. The firm had revenue of $271.71 million during the quarter, compared to the consensus estimate of $260.14 million. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The company’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DUOL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Duolingo in a research report on Tuesday, November 25th. Zacks Research downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Morgan Stanley set a $300.00 price objective on shares of Duolingo in a research report on Thursday, November 6th. Scotiabank dropped their target price on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Duolingo from $465.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $339.74.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $288.94, for a total transaction of $2,889,400.00. Following the sale, the insider owned 72 shares of the company’s stock, valued at $20,803.68. The trade was a 99.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 3,283 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares of the company’s stock, valued at $36,280,203.30. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 76,452 shares of company stock worth $18,736,132. Corporate insiders own 15.67% of the company’s stock.

Duolingo 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.