Catalyst Funds Management Pty Ltd Purchases New Stake in Duolingo, Inc. (NASDAQ:DUOL)

Catalyst Funds Management Pty Ltd bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,025 shares of the company's stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUOL. Assetmark Inc. boosted its position in shares of Duolingo by 11.1% during the third quarter. Assetmark Inc. now owns 2,054 shares of the company's stock worth $579,000 after buying an additional 206 shares during the period. Atria Investments Inc purchased a new position in Duolingo during the 3rd quarter valued at about $279,000. Versor Investments LP acquired a new position in Duolingo in the 3rd quarter valued at about $321,000. Entropy Technologies LP purchased a new stake in Duolingo during the third quarter worth about $233,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Duolingo during the third quarter worth about $607,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DUOL. JMP Securities restated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Barclays upped their price objective on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Bank of America lowered Duolingo from a "buy" rating to a "neutral" rating and lifted their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a report on Tuesday. Finally, Piper Sandler lifted their price objective on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $376.25.

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Insider Activity

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew Skaruppa sold 5,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now owns 67,730 shares of the company's stock, valued at approximately $21,977,030.40. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,499 shares of company stock valued at $28,144,768. Insiders own 18.30% of the company's stock.

Duolingo Stock Performance

DUOL traded up $5.05 during trading on Thursday, hitting $306.17. 606,631 shares of the stock were exchanged, compared to its average volume of 699,693. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The stock has a fifty day moving average price of $348.11 and a two-hundred day moving average price of $318.30. The firm has a market capitalization of $13.85 billion, a P/E ratio of 167.31 and a beta of 0.92.

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

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.