Nebula Research & Development LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Nebula Research & Development LLC bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,538 shares of the company's stock, valued at approximately $2,444,000.

Several other institutional investors have also recently made changes to their positions in DUOL. Kensington Investment Counsel LLC increased its position 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 worth $1,826,000 after acquiring an additional 30 shares in the last quarter. Atria Investments Inc raised its stake in shares of Duolingo by 3.9% in the fourth 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 grew its position in shares of Duolingo by 0.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock valued at $3,789,000 after purchasing an additional 40 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after purchasing an additional 42 shares in the last quarter. Finally, Smithfield Trust Co grew its position 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 purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Price Performance

DUOL traded down $0.33 during trading on Wednesday, reaching $384.80. The stock had a trading volume of 494,756 shares, compared to its average volume of 844,434. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The stock has a 50 day moving average of $324.01 and a two-hundred day moving average of $333.99. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 210.27 and a beta of 0.91. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS 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 the consensus estimate of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $292.43, for a total transaction of $2,924,300.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $21,054.96. This represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Natalie Glance sold 9,020 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the sale, the insider now owns 130,733 shares in the company, valued at approximately $37,989,702.47. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,868 shares of company stock worth $35,574,300. 18.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on DUOL. JMP Securities restated a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. DA Davidson boosted their target price on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Jefferies Financial Group initiated coverage on Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 price target for the company. Morgan Stanley began coverage on Duolingo in a research report on Wednesday, April 23rd. They set an "overweight" rating and a $435.00 price target for the company. Finally, Piper Sandler raised their price objective on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and an average price target of $376.15.

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.