CreativeOne Wealth LLC Lowers Position in Duolingo, Inc. (NASDAQ:DUOL)

CreativeOne Wealth LLC lessened its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,740 shares of the company's stock after selling 1,443 shares during the quarter. CreativeOne Wealth LLC's holdings in Duolingo were worth $888,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Kensington Investment Counsel LLC raised its stake in Duolingo by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock worth $1,826,000 after purchasing an additional 30 shares in the last quarter. Atria Investments Inc increased its holdings in Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company's stock valued at $334,000 after buying an additional 39 shares during the period. Lisanti Capital Growth LLC increased its holdings in Duolingo by 0.3% in the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock valued at $3,789,000 after buying an additional 40 shares during the period. Fifth Third Bancorp increased its holdings in Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after buying an additional 42 shares during the period. Finally, Smithfield Trust Co increased its holdings 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 buying an additional 46 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. DA Davidson lifted their price target on shares of Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, March 27th. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley started coverage on shares of Duolingo in a report on Wednesday. They set an "overweight" rating and a $435.00 price target on the stock. Finally, Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Duolingo currently has a consensus rating of "Moderate Buy" and a consensus target price of $376.15.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 9,020 shares of the company'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 value of $2,621,121.80. Following the transaction, the insider now owns 130,733 shares in the company, valued at approximately $37,989,702.47. This represents a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $28,185.12. The trade was a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,868 shares of company stock worth $28,754,200 in the last 90 days. Insiders own 18.30% of the company's stock.

Duolingo Stock Up 9.9 %

Shares of DUOL traded up $33.36 during trading hours on Wednesday, hitting $369.70. The stock had a trading volume of 486,154 shares, compared to its average volume of 835,116. 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 $329.31 and a 200-day simple moving average of $330.80. The firm has a market capitalization of $16.73 billion, a P/E ratio of 202.02 and a beta of 0.91. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly 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). The company had revenue of $209.55 million for 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%. Sell-side analysts predict 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.