Polar Asset Management Partners Inc. Invests $4.73 Million in Duolingo, Inc. (NASDAQ:DUOL)

Polar Asset Management Partners Inc. bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,600 shares of the company's stock, valued at approximately $4,734,000.

Several other large investors have also recently made changes to their positions in DUOL. Westfuller Advisors LLC bought a new position in Duolingo during the 4th quarter valued at approximately $227,000. GF Fund Management CO. LTD. purchased a new stake in shares of Duolingo in the fourth quarter worth $4,345,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Duolingo in the fourth quarter worth $4,140,000. GTS Securities LLC increased its holdings in shares of Duolingo by 104.3% during the fourth quarter. GTS Securities LLC now owns 825 shares of the company's stock valued at $267,000 after acquiring an additional 20,025 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position in shares of Duolingo by 23.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 923 shares of the company's stock worth $299,000 after purchasing an additional 178 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Stock Performance

Shares of NASDAQ:DUOL traded up $4.52 during trading on Friday, hitting $517.91. The company's stock had a trading volume of 1,135,329 shares, compared to its average volume of 709,122. 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 firm has a market cap of $23.54 billion, a price-to-earnings ratio of 283.01 and a beta of 0.88. The company has a 50-day moving average of $411.34 and a 200-day moving average of $367.17. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month 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, beating analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. The firm's quarterly revenue was up 37.6% on a year-over-year basis. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

DUOL has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Barclays upped their price objective on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, DA Davidson lifted their target price on Duolingo from $470.00 to $600.00 and gave the stock a "buy" rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $435.57.

Insider Transactions at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total value of $2,982,500.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $21,474. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 9,020 shares of the business's stock in a transaction that occurred on 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 owns 130,733 shares of the company's stock, valued at approximately $37,989,702.47. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,853 shares of company stock worth $31,627,441 in the last three months. Corporate insiders own 15.67% of the company's stock.

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.