1,544 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Waverly Advisors LLC

Waverly Advisors LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,544 shares of the company's stock, valued at approximately $501,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo in the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd increased its stake in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Duolingo by 1,255.6% during the fourth 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. Finally, Smithfield Trust Co lifted 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 acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analysts Set New Price Targets

DUOL has been the topic of several recent research reports. Scotiabank lifted their target price on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. DA Davidson boosted their price target on shares of Duolingo from $410.00 to $470.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Piper Sandler set a $375.00 target price on Duolingo in a report on Friday, May 2nd. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $426.29.

Duolingo Price Performance

DUOL stock traded down $11.01 during trading on Thursday, hitting $513.39. The stock had a trading volume of 615,667 shares, compared to its average volume of 708,718. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 280.54 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company's 50 day moving average price is $404.13 and its two-hundred day moving average price is $364.12. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $223.15 million. The company's quarterly revenue was up 37.6% on a year-over-year basis. On average, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was 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 directly owns 72 shares in the company, valued at $35,708.40. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the completion of the sale, the insider now owns 118,805 shares of the company's stock, valued at approximately $46,927,975. This trade represents a 4.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,853 shares of company stock valued at $31,627,441. 15.67% of the stock is currently owned by corporate insiders.

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.