Polar Asset Management Partners Inc. Buys 2,713 Shares of Duolingo, Inc. $DUOL

Key Points

• Polar Asset Management Partners Inc. has increased its investment in Duolingo by 18.6%, now holding 17,313 shares worth approximately $5.38 million.
• Duolingo's earnings report showed an EPS of $0.91, exceeding analysts' expectations of $0.55, with revenue rising 41.5% year-over-year.
• Institutional investors own a significant portion of Duolingo, with 91.59% of its stock held by hedge funds and other institutions.

Polar Asset Management Partners Inc. grew its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 18.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,313 shares of the company's stock after acquiring an additional 2,713 shares during the period. Polar Asset Management Partners Inc.'s holdings in Duolingo were worth $5,376,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DUOL. Mercer Global Advisors Inc. ADV grew its position in Duolingo by 7.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,721 shares of the company's stock worth $558,000 after acquiring an additional 115 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Duolingo in the fourth quarter worth approximately $9,708,000. Bank of America Corp DE boosted its position in Duolingo by 23.4% during the fourth quarter. Bank of America Corp DE now owns 160,239 shares of the company's stock worth $51,954,000 after purchasing an additional 30,438 shares during the period. Captrust Financial Advisors boosted its position in Duolingo by 19.3% during the fourth quarter. Captrust Financial Advisors now owns 15,354 shares of the company's stock worth $4,978,000 after purchasing an additional 2,483 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in Duolingo by 84.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 24,978 shares of the company's stock worth $8,099,000 after purchasing an additional 11,472 shares during the period. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. DA Davidson cut Duolingo from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $500.00 to $300.00 in a research report on Thursday, September 4th. Raymond James Financial reaffirmed a "market perform" rating on shares of Duolingo in a research report on Tuesday, August 26th. Barclays upped their target price on Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Argus assumed coverage on Duolingo in a research report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Duolingo from $480.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average target price of $420.63.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,533 shares of Duolingo stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $833,432.99. Following the completion of the transaction, the insider directly owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the transaction, the chief financial officer directly owned 43,345 shares of the company's stock, valued at approximately $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,508 shares of company stock valued at $28,428,221 in the last ninety days. 15.67% of the stock is owned by company insiders.

Duolingo Stock Performance

DUOL stock traded up $27.75 during midday trading on Thursday, hitting $313.66. The stock had a trading volume of 2,291,975 shares, compared to its average volume of 1,107,897. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 129.04, a P/E/G ratio of 1.82 and a beta of 0.85. Duolingo, Inc. has a 52 week low of $223.20 and a 52 week high of $544.93. The stock has a 50-day simple moving average of $341.16 and a 200 day simple moving average of $380.53. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.55 by $0.36. The firm had revenue of $252.27 million during the quarter, compared to analysts' expectations of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.Duolingo's quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. As a group, equities research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.