Ground Swell Capital LLC Acquires Shares of 10,000 Duolingo, Inc. $DUOL

Ground Swell Capital LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $986,000. Duolingo comprises 1.9% of Ground Swell Capital LLC’s portfolio, making the stock its 7th biggest holding.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of Duolingo by 1,868.2% in the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock valued at $134,000 after acquiring an additional 411 shares during the period. Goldman Sachs Group Inc. boosted its stake in Duolingo by 123.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after purchasing an additional 48,451 shares during the period. Focus Partners Wealth grew its position in Duolingo by 28.3% during the 1st quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after purchasing an additional 446 shares during the last quarter. Amundi grew its position in Duolingo by 142.1% during the 2nd quarter. Amundi now owns 26,075 shares of the company’s stock worth $10,352,000 after purchasing an additional 15,306 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new position in Duolingo during the 2nd quarter worth $205,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Stock Performance

NASDAQ:DUOL opened at $121.49 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.93 and a beta of 0.89. The firm’s fifty day moving average price is $112.45 and its 200 day moving average price is $125.88. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $468.00.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The business’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. On average, sell-side analysts expect that Duolingo, Inc. will post 2.76 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $159,267.20. Following the completion of the transaction, the insider owned 170,745 shares in the company, valued at approximately $19,150,759.20. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel owned 52,807 shares in the company, valued at $5,999,403.27. The trade was 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. In the last 90 days, insiders have sold 9,506 shares of company stock valued at $1,073,864. 16.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DUOL shares. DA Davidson reaffirmed a “neutral” rating and issued a $120.00 target price on shares of Duolingo in a report on Wednesday, June 17th. KeyCorp reissued a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price target on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Evercore set a $97.00 price target on Duolingo in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group reduced their price objective on Duolingo from $250.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $175.41.

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.