Polar Asset Management Partners Inc. Purchases New Shares in Duolingo, Inc. (NASDAQ:DUOL)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUOL. Barclays PLC boosted its holdings in shares of Duolingo by 90.9% in the third quarter. Barclays PLC now owns 42,613 shares of the company's stock valued at $12,018,000 after acquiring an additional 20,289 shares during the period. Oak Thistle LLC acquired a new position in shares of Duolingo during the 4th quarter worth $245,000. Merit Financial Group LLC raised its stake in shares of Duolingo by 8.6% during the 4th quarter. Merit Financial Group LLC now owns 8,642 shares of the company's stock worth $2,802,000 after buying an additional 683 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in shares of Duolingo during the 4th quarter worth $683,000. Finally, Crossmark Global Holdings Inc. raised its stake in Duolingo by 6.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,908 shares of the company's stock valued at $943,000 after purchasing an additional 168 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Price Performance

NASDAQ:DUOL traded down $0.61 during mid-day trading on Wednesday, reaching $525.12. 449,027 shares of the stock were exchanged, compared to its average volume of 716,764. The business has a fifty day moving average price of $377.35 and a 200 day moving average price of $355.76. The firm has a market capitalization of $23.87 billion, a PE ratio of 285.81 and a beta of 0.88. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.93. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million for 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%. Duolingo's revenue was up 37.6% on a year-over-year basis. Research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the transaction, the insider now directly owns 72 shares of the company's stock, valued at $35,708.40. The trade was a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total value of $1,975,000.00. Following the completion of the transaction, the insider now owns 118,805 shares of the company's stock, valued at $46,927,975. This trade represents a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,853 shares of company stock valued at $31,627,441 over the last three months. Company insiders own 15.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. DA Davidson lifted their price target on Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Needham & Company LLC boosted 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. Evercore ISI boosted their target price on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their target price on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $426.29.

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.