MGO One Seven LLC Invests $646,000 in Duolingo, Inc. (NASDAQ:DUOL)

MGO One Seven LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,993 shares of the company's stock, valued at approximately $646,000.

Several other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the fourth quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its position in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 113 shares during the last quarter. Smithfield Trust Co grew its position in Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after acquiring an additional 46 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Duolingo in the fourth quarter worth about $55,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 2,667 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the sale, the insider now owns 129,572 shares of the company's stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % 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 valued at $37,549,300 over the last quarter. 18.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DUOL shares. Jefferies Financial Group initiated coverage on Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. UBS Group cut their price objective on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Piper Sandler raised their target price on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a report on Tuesday, March 18th. Finally, Barclays raised their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $376.15.

Duolingo Stock Up 1.1 %

Shares of DUOL traded up $4.35 during midday trading on Wednesday, reaching $389.48. 966,797 shares of the stock were exchanged, compared to its average volume of 720,648. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company's 50 day moving average is $324.01 and its two-hundred day moving average is $333.99. The company has a market capitalization of $17.62 billion, a P/E ratio of 212.83 and a beta of 0.91. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77.

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

About Duolingo

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.