Catalyst Capital Advisors LLC Has $2.15 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Catalyst Capital Advisors LLC lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 12.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,925 shares of the company's stock after buying an additional 775 shares during the period. Catalyst Capital Advisors LLC's holdings in Duolingo were worth $2,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Equita Financial Network Inc. acquired a new stake in Duolingo during the 1st quarter valued at $253,000. Krane Funds Advisors LLC lifted its position in Duolingo by 99.8% in the 1st quarter. Krane Funds Advisors LLC now owns 1,672 shares of the company's stock valued at $519,000 after purchasing an additional 835 shares during the last quarter. New York State Teachers Retirement System lifted its position in Duolingo by 5.0% in the 1st quarter. New York State Teachers Retirement System now owns 31,215 shares of the company's stock valued at $9,694,000 after purchasing an additional 1,499 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in Duolingo by 33.7% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,319 shares of the company's stock valued at $720,000 after purchasing an additional 585 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Duolingo by 594.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the company's stock valued at $203,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Performance

Shares of Duolingo stock traded down $1.61 on Friday, reaching $395.39. The stock had a trading volume of 552,232 shares, compared to its average volume of 724,368. The business's 50-day moving average price is $477.28 and its two-hundred day moving average price is $386.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $544.93. The stock has a market cap of $17.97 billion, a P/E ratio of 194.78, a price-to-earnings-growth ratio of 3.00 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The business had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. The company's revenue for the quarter was up 37.6% compared to the same quarter last year. On average, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $471.20, for a total transaction of $4,712,000.00. Following the transaction, the insider owned 72 shares of the company's stock, valued at approximately $33,926.40. The trade was a 99.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,000 shares of company stock valued at $29,261,180. 15.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DUOL shares. Morgan Stanley lifted their price objective on shares of Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Evercore ISI raised their price target on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Piper Sandler set a $375.00 price target on shares of Duolingo in a report on Friday, May 2nd. Argus assumed coverage on shares of Duolingo in a report on Wednesday, June 25th. They set a "buy" rating and a $575.00 price target for the company. Finally, Needham & Company LLC raised their price target on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $443.53.

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.