Pallas Capital Advisors LLC Boosts Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Pallas Capital Advisors LLC grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 47.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,660 shares of the company's stock after acquiring an additional 858 shares during the period. Pallas Capital Advisors LLC's holdings in Duolingo were worth $826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Duolingo in the first quarter worth about $25,000. Quarry LP lifted its stake in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd raised its holdings in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after acquiring an additional 101 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Duolingo by 323.1% in the first quarter. Versant Capital Management Inc now owns 110 shares of the company's stock worth $34,000 after acquiring an additional 84 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Stock Down 0.6%

NASDAQ:DUOL traded down $2.64 during mid-day trading on Thursday, reaching $471.14. The company's stock had a trading volume of 222,251 shares, compared to its average volume of 715,529. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The stock has a fifty day moving average of $441.17 and a 200-day moving average of $376.83. The firm has a market capitalization of $21.42 billion, a PE ratio of 257.45 and a beta of 1.00.

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, beating the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. The business's revenue for the quarter was up 37.6% compared to the same quarter last year. Equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Meese sold 5,351 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02. Following the transaction, the insider now directly owns 133,805 shares of the company's stock, valued at approximately $42,820,276.10. This trade represents a 3.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $525.10, for a total value of $5,251,000.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $37,807.20. The trade was a 99.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,833 shares of company stock valued at $34,257,319. Insiders own 15.67% of the company's stock.

Wall Street Analyst Weigh In

DUOL has been the subject of several research analyst reports. Evercore ISI raised their price target on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays lifted their price objective on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. UBS Group reaffirmed an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Piper Sandler set a $375.00 price target on Duolingo in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Duolingo has an average 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.