AGF Management Ltd. Acquires 148,892 Shares of Duolingo, Inc. (NASDAQ:DUOL)

AGF Management Ltd. increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 248.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,892 shares of the company's stock after purchasing an additional 148,892 shares during the quarter. AGF Management Ltd. owned 0.50% of Duolingo worth $47,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DUOL. Versor Investments LP acquired a new position in Duolingo during the fourth quarter worth $227,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Duolingo during the 4th quarter worth $215,000. Discovery Value Fund purchased a new position in shares of Duolingo in the 4th quarter valued at about $27,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Duolingo by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,969 shares of the company's stock valued at $63,511,000 after purchasing an additional 7,863 shares during the period. Finally, National Bank of Canada FI purchased a new stake in Duolingo during the fourth quarter worth about $2,508,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DUOL. UBS Group increased their target price on shares of Duolingo from $230.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, February 29th. Piper Sandler reaffirmed an "overweight" rating and set a $265.00 price objective (down from $282.00) on shares of Duolingo in a report on Friday. Needham & Company LLC upped their target price on Duolingo from $241.00 to $267.00 and gave the company a "buy" rating in a report on Thursday. Seaport Res Ptn restated a "buy" rating on shares of Duolingo in a research report on Tuesday, February 27th. Finally, Bank of America boosted their price objective on shares of Duolingo from $230.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $244.63.

Duolingo Price Performance

Duolingo stock traded down $12.46 during midday trading on Friday, reaching $188.12. 1,873,968 shares of the company were exchanged, compared to its average volume of 1,190,351. The firm's 50-day simple moving average is $219.48 and its 200-day simple moving average is $207.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 193.94 and a beta of 0.82. Duolingo, Inc. has a 1 year low of $121.89 and a 1 year high of $251.30.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.30 by $0.27. The firm had revenue of $167.70 million during the quarter, compared to analysts' expectations of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.33%. Duolingo's revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) EPS. On average, analysts anticipate that Duolingo, Inc. will post 1.38 EPS for the current year.

Insider Activity

In other news, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $215.07, for a total transaction of $322,605.00. Following the completion of the transaction, the insider now owns 126,005 shares of the company's stock, valued at approximately $27,099,895.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Ahn Luis Von sold 12,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $223.51, for a total value of $2,682,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $215.07, for a total value of $322,605.00. Following the completion of the sale, the insider now owns 126,005 shares of the company's stock, valued at $27,099,895.35. The disclosure for this sale can be found here. Insiders sold a total of 123,223 shares of company stock valued at $26,893,230 over the last quarter. Company insiders own 19.85% 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.