Nebula Research & Development LLC Invests $2.44 Million in Duolingo, Inc. (NASDAQ:DUOL)

Nebula Research & Development LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,538 shares of the company's stock, valued at approximately $2,444,000.

Several other hedge funds also recently modified their holdings of DUOL. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo in the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd lifted its holdings in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 113 shares during the period. Smithfield Trust Co boosted its stake in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after purchasing an additional 46 shares during the period. Finally, R Squared Ltd bought a new position in Duolingo during the 4th quarter worth $55,000. Institutional investors own 91.59% of the company's stock.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $28,185.12. This trade represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The disclosure for this sale can be found here. Insiders have sold 104,868 shares of company stock valued at $35,574,300 over the last ninety days. 18.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several recent research reports. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Scotiabank lowered their price objective on Duolingo from $425.00 to $405.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, April 23rd. Needham & Company LLC increased their price objective on Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Piper Sandler increased their price objective on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $376.15.

Duolingo Price Performance

NASDAQ:DUOL traded up $2.51 during trading hours on Monday, hitting $384.34. The company's stock had a trading volume of 614,756 shares, compared to its average volume of 715,921. The stock has a fifty day simple moving average of $325.71 and a 200-day simple moving average of $332.97. The company has a market capitalization of $17.39 billion, a P/E ratio of 210.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, analysts anticipate that Duolingo, Inc. will post 2.03 EPS 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.