Counterpoint Mutual Funds LLC Buys 1,369 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Counterpoint Mutual Funds LLC raised its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 155.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,248 shares of the company's stock after buying an additional 1,369 shares during the quarter. Counterpoint Mutual Funds LLC's holdings in Duolingo were worth $729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of Duolingo during the third quarter worth $26,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo in the 3rd quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo in the fourth quarter valued at about $31,000. Global Retirement Partners LLC boosted its position in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 113 shares during the period. Finally, Smithfield Trust Co grew its holdings in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the business's 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 completion of the sale, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. The trade was a 5.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $336.23, for a total value of $3,362,300.00. Following the transaction, the insider now owns 72 shares in the company, valued at $24,208.56. The trade was a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,499 shares of company stock worth $28,144,768 over the last quarter. Company insiders own 18.30% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have commented on DUOL. Piper Sandler boosted their target price on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 target price for the company. Barclays raised their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. The Goldman Sachs Group increased their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Finally, Bank of America downgraded 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 research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $376.25.

Duolingo Stock Performance

Duolingo stock traded up $3.13 during mid-day trading on Friday, hitting $309.30. 868,382 shares of the company's stock traded hands, compared to its average volume of 700,667. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a 50 day simple moving average of $347.77 and a two-hundred day simple moving average of $318.22. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 169.02 and a beta of 0.92.

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