Tidal Investments LLC Boosts Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Tidal Investments LLC raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 216.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,940 shares of the company's stock after buying an additional 3,379 shares during the quarter. Tidal Investments LLC's holdings in Duolingo were worth $1,602,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC purchased a new position in shares of Duolingo in the 4th quarter worth approximately $549,000. Square Peg Capital PTY Ltd. purchased a new position in shares of Duolingo in the 4th quarter worth approximately $11,854,000. Redwood Investment Management LLC purchased a new position in shares of Duolingo in the 4th quarter worth approximately $1,429,000. Polar Asset Management Partners Inc. purchased a new position in shares of Duolingo in the 4th quarter worth approximately $4,734,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Duolingo by 8.6% in the 4th quarter. ProShare Advisors LLC now owns 1,772 shares of the company's stock worth $575,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a report on Tuesday, March 18th. Needham & Company LLC lifted their target price on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. UBS Group reiterated an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Finally, Barclays lifted their target price on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

Duolingo Trading Up 0.1%

Shares of DUOL stock traded up $0.33 on Thursday, reaching $524.73. 233,145 shares of the company's stock were exchanged, compared to its average volume of 707,372. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company's fifty day simple moving average is $404.13 and its 200 day simple moving average is $364.12. The stock has a market capitalization of $23.85 billion, a PE ratio of 286.75 and a beta of 0.88. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results 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. The business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm's revenue for the quarter was up 37.6% on a year-over-year basis. As a group, analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction on 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 transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $21,474. The trade was a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 9,020 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the transaction, the insider now directly owns 130,733 shares of the company's stock, valued at approximately $37,989,702.47. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,853 shares of company stock valued at $31,627,441 in the last ninety days. Corporate insiders own 15.67% of the company's stock.

About Duolingo

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.