Dorsey Wright & Associates Invests $2.27 Million in Duolingo, Inc. (NASDAQ:DUOL)

Dorsey Wright & Associates acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,000 shares of the company’s stock, valued at approximately $2,270,000.

Several other hedge funds have also recently bought and sold shares of DUOL. Kensington Investment Counsel LLC increased its holdings in shares of Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after purchasing an additional 30 shares during the period. Atria Investments Inc increased its stake in Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after buying an additional 39 shares during the period. Lisanti Capital Growth LLC raised its position in shares of Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after buying an additional 40 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares during the period. Finally, Smithfield Trust Co boosted its holdings in shares of Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after acquiring an additional 46 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Down 5.4 %

NASDAQ:DUOL opened at $315.00 on Friday. The business’s fifty day moving average price is $347.74 and its 200 day moving average price is $323.80. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 172.13 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. On average, sell-side analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on DUOL. UBS Group set a $400.00 target price on Duolingo in a research report on Tuesday, March 18th. Barclays upped their price objective on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Scotiabank assumed coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and an average price target of $377.08.

Insider Activity

In other Duolingo news, CFO Matthew Skaruppa sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total value of $1,622,400.00. Following the completion of the sale, the chief financial officer now directly owns 67,730 shares of the company’s stock, valued at $21,977,030.40. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Meese sold 5,351 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $320.02, for a total transaction of $1,712,427.02. Following the transaction, the insider now owns 133,805 shares in the company, valued at $42,820,276.10. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,850 shares of company stock worth $34,389,695 in the last ninety days. Corporate insiders own 18.30% 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.