Bridgefront Capital LLC Acquires New Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Bridgefront Capital LLC acquired a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,035 shares of the company's stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP increased its stake in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo in the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd grew its position in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares in the last quarter. Global Retirement Partners LLC raised its stake in Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 113 shares during the period. Finally, Smithfield Trust Co lifted its holdings in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after purchasing an additional 46 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $35,708.40. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,868 shares of company stock worth $38,594,200 over the last quarter. Company insiders own 15.67% of the company's stock.

Duolingo Trading Up 1.9 %

Shares of DUOL stock traded up $9.40 during trading hours on Friday, reaching $512.97. 604,321 shares of the stock were exchanged, compared to its average volume of 723,563. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 280.31 and a beta of 0.88. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $513.87. The company's 50-day moving average price is $342.98 and its 200-day moving average price is $344.30. 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 (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. The business's revenue for the quarter was up 37.6% compared to the same quarter last year. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DUOL. Morgan Stanley lifted their price objective on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Piper Sandler set a $375.00 price target on shares of Duolingo in a report on Friday, May 2nd. DA Davidson raised their price objective on Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on Duolingo from $360.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Scotiabank raised their price target on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

Duolingo Company 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.