Redwood Investment Management LLC Buys New Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Redwood Investment Management LLC purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,407 shares of the company's stock, valued at approximately $1,429,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUOL. Catalyst Capital Advisors LLC acquired a new stake in Duolingo during the 4th quarter worth approximately $1,994,000. Taika Capital LP acquired a new stake in shares of Duolingo in the fourth quarter worth $2,697,000. Lecap Asset Management Ltd. purchased a new position in shares of Duolingo in the 4th quarter valued at $429,000. BNP Paribas Financial Markets purchased a new position in shares of Duolingo in the 4th quarter valued at $9,708,000. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Duolingo by 6.1% during the 4th quarter. Bleakley Financial Group LLC now owns 995 shares of the company's stock valued at $323,000 after acquiring an additional 57 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Scotiabank raised their price objective on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. UBS Group upped their price target on Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research note on Tuesday, March 18th. Evercore ISI upped their target price on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and an average target price of $426.29.

Insider Activity

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at $15,069,946.08. This trade represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $35,708.40. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 109,868 shares of company stock valued at $38,594,200. Company insiders own 15.67% of the company's stock.

Duolingo Stock Performance

Shares of Duolingo stock opened at $530.52 on Friday. The firm has a market cap of $24.11 billion, a PE ratio of 289.90 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 firm's 50-day simple moving average is $362.62 and its 200-day simple moving average is $350.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly 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 the consensus estimate 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% compared to the same quarter last year. Equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.

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