Fuller & Thaler Asset Management Inc. Acquires 14,386 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Fuller & Thaler Asset Management Inc. grew its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,782 shares of the company's stock after acquiring an additional 14,386 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.40% of Duolingo worth $56,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DUOL. Catalyst Capital Advisors LLC acquired a new position in Duolingo during the fourth quarter valued at approximately $1,994,000. Taika Capital LP acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $2,697,000. Lecap Asset Management Ltd. acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $429,000. Diversified Trust Co acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $784,000. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Duolingo by 6.1% in the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company's stock valued at $323,000 after buying an additional 57 shares during the period. Institutional investors own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DUOL. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. JPMorgan Chase & Co. reduced their price target on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Piper Sandler upped their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Jefferies Financial Group started coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective on the stock. Finally, DA Davidson boosted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $376.15.

Duolingo Trading Down 1.1 %

NASDAQ DUOL traded down $4.41 on Tuesday, reaching $379.94. The company had a trading volume of 494,433 shares, compared to its average volume of 715,603. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 209.58 and a beta of 0.91. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The business has a 50 day moving average of $324.75 and a two-hundred day moving average of $333.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the stock in a transaction dated 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 $56,400,100.16. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,868 shares of company stock valued at $35,574,300. 18.30% of the stock is currently owned by insiders.

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.