Baillie Gifford & Co. recently announced the acquisition of new stake in Duolingo Inc (NASDAQ:DUOL). The institutional investor has increased its shareholding in the Technology company by 5.00% to 4.49 million shares with purchase of 0.21 million shares. This fresh investment now brings its stake to 12.54% valued currently at $1.02 billion. In addition, The Vanguard Group, Inc. raised its holdings by 0.12 million to 3.1 million shares. And BlackRock Fund Advisors has lifted its position by 6.93% or 0.12 million shares – to 1.88 million shares.
With over 0.43 million Duolingo Inc (DUOL) shares trading Friday and a closing price of $212.01 on the day, the dollar volume was approximately $91.46 million. The shares have shown a positive half year performance of 41.80% and its price on 01/12/24 lost nearly -1.25%. Currently, there are 42.04M common shares owned by the public and among those 34.54M shares have been available to trade.
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Insiders at the company have transacted a total of 224 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 499,102 shares. Insider sales of the common stock occurred on 178 occasions, with total insider shares sold totaling 1,099,094 shares.
The top 3 mutual fund holders in Duolingo Inc are Vanguard US Growth Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. Vanguard US Growth Fund owns 1.34 million shares of the company’s stock, all valued at over $303.84 million. The company sold -0.11 million shares recently to bring their total holdings to about 3.74% of the shares outstanding. Vanguard Total Stock Market ETF bought 1363.0 shares to see its total holdings expand to 1.05 million shares valued at over $238.22 million and representing 2.93% of the shares outstanding. Vanguard Small Cap Index Fund bought 3846.0 shares to bring its total holdings to over 0.87 million shares at a value of $197.49 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.43% of the shares outstanding.
Shares of Duolingo Inc (NASDAQ: DUOL) opened at $214.63, down -$0.06 from a prior closing price of $214.69. However, the script later moved the day high at 216.12, down -1.25%. The company’s stock has a 5-day price change of 3.86% and 21.07% over the past three months. DUOL shares are trading -6.54% year to date (YTD), with the 12-month market performance up to 169.42% higher. It has a 12-month low price of $77.74 and touched a high of $245.87 over the same period. DUOL has an average intraday trading volume of 728.20K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.86%, 0.51%, and 29.93% respectively.
Institutional ownership of Duolingo Inc (NASDAQ: DUOL) shares accounts for 77.40% of the company’s 42.04M shares outstanding. Mutual fund holders own 44.72%, while other institutional holders and individual stakeholders account for 46.23% and 24.27% respectively.
It has a market capitalization of $8.91B and a beta (3y monthly) value of 0.76. The earnings-per-share (ttm) stands at -$0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.17% over the week and 4.02% over the month.
Analysts forecast that Duolingo Inc (DUOL) will achieve an EPS of $0.15 for the current quarter, $0.13 for the next quarter and $0.81 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.33. Comparatively, EPS for the current quarter was -$0.35 a year ago. Earnings per share for the fiscal year are expected to increase by 112.05%, and 288.11% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Duolingo Inc (DUOL) as a “Moderate Buy” at a consensus score of 2.38. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 7 of the 13 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the DUOL, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on October 19, 2023, with the firm’s price target at $188.
