Calamos Advisors LLC Buys 5,866 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Calamos Advisors LLC lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 346.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,559 shares of the company's stock after acquiring an additional 5,866 shares during the quarter. Calamos Advisors LLC's holdings in Duolingo were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DUOL. Redhawk Wealth Advisors Inc. boosted its stake in Duolingo by 0.8% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company's stock valued at $2,003,000 after acquiring an additional 72 shares in the last quarter. Xponance Inc. boosted its stake in Duolingo by 4.8% in the fourth quarter. Xponance Inc. now owns 1,774 shares of the company's stock valued at $402,000 after acquiring an additional 82 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Duolingo by 4.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company's stock valued at $647,000 after acquiring an additional 165 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in Duolingo in the fourth quarter valued at $39,000. Finally, Victory Capital Management Inc. boosted its stake in Duolingo by 6.6% in the third quarter. Victory Capital Management Inc. now owns 3,732 shares of the company's stock valued at $619,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group upped their price objective on shares of Duolingo from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Barclays increased their target price on shares of Duolingo from $173.00 to $243.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th. Seaport Res Ptn reiterated a "buy" rating on shares of Duolingo in a research note on Tuesday, February 27th. JPMorgan Chase & Co. assumed coverage on shares of Duolingo in a research note on Monday, March 11th. They set an "overweight" rating and a $270.00 target price for the company. Finally, The Goldman Sachs Group raised their price objective on shares of Duolingo from $160.00 to $190.00 and gave the company a "sell" rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $245.13.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the sale, the insider now directly owns 124,505 shares of the company's stock, valued at approximately $26,812,151.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.62, for a total value of $1,786,200.00. Following the completion of the sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $12,860.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Monday, April 8th. The shares were sold at an average price of $215.35, for a total transaction of $323,025.00. Following the completion of the transaction, the insider now owns 124,505 shares in the company, valued at approximately $26,812,151.75. The disclosure for this sale can be found here. In the last three months, insiders sold 113,223 shares of company stock valued at $23,682,665. Company insiders own 19.85% of the company's stock.

Duolingo Price Performance

Shares of DUOL traded up $5.42 during mid-day trading on Monday, reaching $205.57. 867,120 shares of the company's stock were exchanged, compared to its average volume of 729,851. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $210.22 and a two-hundred day simple moving average of $202.08. Duolingo, Inc. has a 52-week low of $116.82 and a 52-week high of $245.87. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 604.62 and a beta of 0.83.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The business had revenue of $150.99 million during the quarter, compared to analysts' expectations of $146.98 million. On average, sell-side analysts predict that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

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.