MRA Advisory Group Buys New Shares in Duolingo, Inc. (NASDAQ:DUOL)

MRA Advisory Group bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,486 shares of the company's stock, valued at approximately $462,000.

Several other hedge funds have also made changes to their positions in DUOL. FMR LLC raised its position in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares in the last quarter. Norges Bank acquired a new position in Duolingo in the fourth quarter worth about $152,296,000. T. Rowe Price Investment Management Inc. raised its position in Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after purchasing an additional 398,259 shares in the last quarter. Invesco Ltd. raised its position in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock worth $74,448,000 after purchasing an additional 239,167 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Up 0.8%

Duolingo stock opened at $522.99 on Friday. The firm has a market capitalization of $23.77 billion, a PE ratio of 285.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company's 50-day moving average is $427.19 and its 200-day moving average is $372.53. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its 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 business had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business's revenue was up 37.6% compared to the same quarter last year. Sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In related news, insider Robert Meese sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the completion of the transaction, the insider now directly owns 118,805 shares in the company, valued at $46,927,975. This represents a 4.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the transaction, the insider now owns 72 shares of the company's stock, valued at approximately $21,474. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,833 shares of company stock valued at $29,006,319 in the last quarter. Company insiders own 15.67% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DUOL. Piper Sandler set a $375.00 price objective on shares of Duolingo in a report on Friday, May 2nd. Barclays raised their price objective on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. The Goldman Sachs Group raised their price objective on shares of Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Evercore ISI raised their price objective on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Scotiabank raised their price objective on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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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