Kingswood Wealth Advisors LLC Acquires Shares of 792 Duolingo, Inc. (NASDAQ:DUOL)

Kingswood Wealth Advisors LLC acquired a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 792 shares of the company's stock, valued at approximately $246,000.

Several other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. raised its stake in shares of Duolingo by 26.7% in the first quarter. QRG Capital Management Inc. now owns 1,928 shares of the company's stock worth $599,000 after purchasing an additional 406 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Duolingo during the first quarter worth about $282,000. Wealth Enhancement Advisory Services LLC grew its holdings in Duolingo by 52.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,354 shares of the company's stock worth $1,663,000 after acquiring an additional 1,836 shares during the period. Fifth Third Bancorp grew its holdings in Duolingo by 20.4% during the first quarter. Fifth Third Bancorp now owns 313 shares of the company's stock worth $97,000 after acquiring an additional 53 shares during the period. Finally, Abacus FCF Advisors LLC acquired a new stake in Duolingo during the first quarter worth about $4,904,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $525.10, for a total transaction of $5,251,000.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $37,807.20. This represents a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 3,482 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 127,251 shares of the company's stock, valued at approximately $40,668,147.09. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,482 shares of company stock valued at $30,373,992 in the last three months. 18.30% of the stock is owned by corporate insiders.

Duolingo Trading Down 5.7%

NASDAQ:DUOL traded down $25.75 on Tuesday, reaching $422.79. The company's stock had a trading volume of 1,553,466 shares, compared to its average volume of 724,479. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The firm has a market cap of $19.22 billion, a price-to-earnings ratio of 208.27, a price-to-earnings-growth ratio of 3.44 and a beta of 1.00. The stock has a 50 day moving average price of $468.28 and a 200 day moving average price of $383.98.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. The Goldman Sachs Group raised their price objective on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Evercore ISI raised their price objective on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Needham & Company LLC lifted their price target on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lifted their price target on Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $441.29.

Duolingo 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.