AssuredPartners Investment Advisors LLC Cuts Stake in Duolingo, Inc. (NASDAQ:DUOL)

AssuredPartners Investment Advisors LLC lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 32.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,241 shares of the company's stock after selling 594 shares during the period. AssuredPartners Investment Advisors LLC's holdings in Duolingo were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Congress Asset Management Co. bought a new stake in Duolingo in the 1st quarter valued at $15,430,000. Taika Capital LP purchased a new position in shares of Duolingo during the fourth quarter valued at about $2,697,000. BNP Paribas Financial Markets bought a new stake in shares of Duolingo in the fourth quarter worth about $9,708,000. Redwood Investment Management LLC purchased a new stake in shares of Duolingo in the fourth quarter worth about $1,429,000. Finally, Abacus FCF Advisors LLC purchased a new stake in shares of Duolingo in the first quarter worth about $4,904,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Down 5.7%

Shares of NASDAQ:DUOL opened at $422.79 on Wednesday. The firm has a market capitalization of $19.22 billion, a PE ratio of 208.27, a price-to-earnings-growth ratio of 3.44 and a beta of 1.00. The business has a 50 day simple moving average of $468.28 and a two-hundred day simple moving average of $383.98. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The company's revenue was up 37.6% on a year-over-year basis. On average, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 3,482 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the sale, the insider now directly owns 127,251 shares in the company, valued at approximately $40,668,147.09. This represents a 2.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $471.20, for a total transaction of $4,712,000.00. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $33,926.40. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,482 shares of company stock valued at $30,373,992 in the last 90 days. Company insiders own 18.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Scotiabank lifted their price objective on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Piper Sandler set a $375.00 target price on shares of Duolingo in a report on Friday, May 2nd. UBS Group reaffirmed an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. DA Davidson increased their price objective on shares of Duolingo from $470.00 to $600.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group lifted their price objective on shares of Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Duolingo presently has a consensus rating of "Moderate Buy" and an average price target of $441.29.

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.

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