Focus Partners Wealth Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Focus Partners Wealth purchased a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,575 shares of the company's stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ethic Inc. purchased a new stake in shares of Duolingo in the fourth quarter worth approximately $546,000. Ensign Peak Advisors Inc raised its position in Duolingo by 84.9% during the 4th quarter. Ensign Peak Advisors Inc now owns 24,978 shares of the company's stock valued at $8,099,000 after purchasing an additional 11,472 shares in the last quarter. FORA Capital LLC lifted its holdings in shares of Duolingo by 73.4% in the 4th quarter. FORA Capital LLC now owns 12,495 shares of the company's stock worth $4,051,000 after buying an additional 5,288 shares during the period. Bridgefront Capital LLC purchased a new stake in shares of Duolingo in the 4th quarter worth $336,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Duolingo by 19.3% in the 4th quarter. Captrust Financial Advisors now owns 15,354 shares of the company's stock worth $4,978,000 after buying an additional 2,483 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 9,020 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 130,733 shares in the company, valued at $37,989,702.47. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,853 shares of company stock valued at $31,627,441 in the last ninety days. Corporate insiders own 15.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DUOL. UBS Group reiterated an "overweight" rating on shares of Duolingo in a report on Thursday. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a report on Tuesday, March 18th. DA Davidson upped their target price on Duolingo from $410.00 to $470.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Finally, Scotiabank upped their target price on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Duolingo currently has a consensus rating of "Moderate Buy" and an average target price of $426.29.

Duolingo Stock Up 0.5%

Shares of DUOL traded up $2.41 during trading hours on Friday, hitting $520.21. The company had a trading volume of 459,404 shares, compared to its average volume of 714,116. The company has a market capitalization of $23.65 billion, a PE ratio of 284.27 and a beta of 0.88. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93. The company's fifty day moving average price is $391.07 and its two-hundred day moving average price is $359.92.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo's revenue was up 37.6% on a year-over-year basis. As a group, equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.