Sherbrooke Park Advisers LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Sherbrooke Park Advisers LLC acquired a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,694 shares of the company's stock, valued at approximately $549,000.

Several other institutional investors have also recently modified their holdings of the stock. Square Peg Capital PTY Ltd. acquired a new stake in shares of Duolingo during the 4th quarter worth about $11,854,000. Redwood Investment Management LLC acquired a new position in shares of Duolingo in the 4th quarter valued at about $1,429,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Duolingo in the fourth quarter worth $4,734,000. ProShare Advisors LLC increased its holdings in Duolingo by 8.6% in the 4th quarter. ProShare Advisors LLC now owns 1,772 shares of the company's stock valued at $575,000 after purchasing an additional 140 shares in the last quarter. Finally, Nia Impact Advisors LLC raised its holdings in shares of Duolingo by 3.3% during the 4th quarter. Nia Impact Advisors LLC now owns 11,090 shares of the company's stock valued at $3,596,000 after buying an additional 351 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Down 2.2%

DUOL stock traded down $11.43 during mid-day trading on Wednesday, reaching $514.30. 840,782 shares of the stock traded hands, compared to its average volume of 718,258. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The stock's fifty day moving average is $377.35 and its 200-day moving average is $355.76. The company has a market cap of $23.38 billion, a P/E ratio of 281.04 and a beta of 0.88. 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 issued its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. The company's revenue for the quarter was up 37.6% on a year-over-year basis. As a group, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total value of $2,350,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalie Glance sold 9,020 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares of the company's stock, valued at $37,989,702.47. This represents a 6.45% decrease in their ownership of the stock. 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 in the last three months. Insiders own 15.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler set a $375.00 price objective on shares of Duolingo in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Scotiabank lifted their price objective on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

Duolingo 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.